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Technology Stocks : Corvis (CORV) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (172)	7/28/2000 9:07:50 AM
From: coug	Read Replies (1) \| Respond to of 325

Good morning merry, Re:<< I believe the person I was responding to understood why and what I was giving him. Perhaps I misunderstood his concerns and in answering him confused you all.>> Yes I understood what you were driving at and appreciate very much all your comments and notes.. I have dealt with many IPO allocations and usually have a "good feel" about how they will come out of the gate.. And run or not or stay. I understand their technology, sort of,, gg, And now who their main competition is after reading this board, Raging Bull and other material... And Thanks to all for that.. After all this, I decided I like it, despite the initial pricing and subsequent market cap.. I like it because it is brand new Tech from a brand new Company started by people with a proven track record... Not a partial divisional spinoff from an established company, say like.. STLW from Methode, I believe This is Like a SCMR from that perspective. But what I do in the after market, is wide open... The market might think different and is much smarter than me.. Well thank you and good luck.. coug

To: ms.smartest.person who wrote (172)	7/28/2000 9:25:20 AM
From: coug	Read Replies (2) \| Respond to of 325

merry, From Raging Bull...Latest rumor on CORV ..Sorry if it has been posted or is dated... I just seen it...coug Forbes.com Nortel Considering $10 Billion Buy? By Kathleen Cholewka Nortel Networks is angling to make a $10 billion acquisition next week, a source close to Nortel told Forbes.com. The likely target is privately held startup Corvis, which filed for its IPO as CORV on July 25, according to the source. Purchasing the Columbia, Md.-based vendor would make sense for Nortel (NYSE: NT - news) because of Corvis' optical networking systems--the switches, amplifiers and other transmission equipment that make up the infrastructure of new public communications networks. Corvis boasts its products allow network providers to transmit the highest capacity data for the longest distance. It's no wonder Corvis could garner such a price. The optical networking market is going ballistic--some analysts have predicted the optical networking market could reach $170 billion next year. Corvis would also be valuable to Nortel for contracts to test its products with national network providers like Williams Communications (NYSE: WCG - news), Qwest Communications International (NYSE: Q - news) and Broadwing (NYSE: BRW - news). Corvis founder David Huber has raised $300 million in venture capital so far. In addition, Corvis has investments from networking giant Cisco Systems (Nasdaq: CSCO - news). Another possible target for Nortel to buy is startup Juniper Networks (Nasdaq: JNPR - news). Purchasing Juniper would make sense because of Juniper's high-speed networking routers. Juniper, which has been consistently first to market with its hardware and software, has close ties to Cisco in collaborating in testing their routers for interoperability. Juniper, which reported $251 million in annual sales, counts Cable & Wireless and UUnet as its customers. Nortel declined comment on the report.