Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (9854)	2/8/2001 4:31:34 AM
From: DOUG H	Read Replies (1) \| Respond to of 13572

CPN is indeed well positioned. BTW this one is playing as we thought. Gotta go. See ya,.. askresearch.com Bot some of this yesterday. askresearch.com For the Bandwidth Bears Corvis has $650 mln backlog for networking products WEDNESDAY, FEBRUARY 7, 2001 10:04:00 PM EST SAN FRANCISCO, Feb 7 (Reuters) - Corvis Communications Corp. CORV said on Wednesday that it has $650 million in unfilled orders for its long-distance optical networking equipment products, and has no plans to change its financial outlook for the year. At a Banc of America conference for technology investors, David Huber, Corvis' chief executive, said that demand is as strong as ever for ultra-high bandwidth data transmission products such as those made by Corvis. "The excess capacity that's been talked about in the industry, I don't believe it's there," said Huber, who was also a co-founder of telecommunications equipment giant, Ciena Corp. CIEN. Corvis, based in Columbia, MD., has three major telecommunications service provider customers: Williams Communications Group Inc. WCG , Qwest Communications International Q, and Broadwing Communications BRW. It is in negotiations with a number of other telecommunications operators around the world that are in "different states of maturation", said Chief Financial Officer Anne Stuart, adding that Corvis hoped to sign up 1 or 2 additional customers by the first half of this year. At its fourth-quarter earnings report in late January, Corvis posted a net loss of $89.7 million, or 27 cents per share, on revenue of $46 million, up from $22.9 million in the third quarter - the first quarter Corvis had any revenues. Analysts surveyed by First Call/Thomson Financial project Corvis to post revenues of $312 for the fiscal year ending December. Corvis was up 10 percent in regular Nasdaq trade on Wednesday to $19-1/2. The stock has lost 26 percent of its value since the start of the year.