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To: t2 who wrote (19986)	4/7/2001 5:07:21 PM
From: larry	Read Replies (1) \| Respond to of 24042

t2, I think that lots of those shorted on Tuesday and Wednesday, and then chickened out on Thursday. It's really nice to see a spectacular rally like this (nothng compared to that NAZ 500 point rally last May), but I would rather see the index works its way back, rather through some silly gap ups. In most cases, these gaps get filled very quickly. larry!

To: t2 who wrote (19986)	4/9/2001 12:52:26 PM
From: hamsandwich	Read Replies (1) \| Respond to of 24042

>> this sector is probably the worst (optical). Optical and telecom stocks may be the last ones to make a move. On an optics related note, CORV added to Gilder list. From briefing: Corvis (CORV) 6.90 +0.87: This optical networking stock is enjoying a rare positive day as the Gilder Report shows that it has not completely lost its influence. Corvis was added to the Gilder list and is enjoying a modest boost as a result. For the uninitiated, George Gilder's Technology Report covers the optical sector, and being added to the "list" had the potential to lift a stock 20, 30, or even 40% back in the bubble days. Now, with many members of the list down by 50-90%, the Gilder effect just ain't what it used to be. For those considering CORV, the good news is that Gilder added this stock after the 90% plunge rather than before. And there is good reason to consider Corvis. The telecom equipment segment has been decimated by the reduction in capex by telecom service providers. To some extent, companies like Corvis whose next-generation gear can reduce network costs are insulated, as their products are most likely to survive in a more selective capex environment. But as Sycamore (SCMR) shareholders learned last week, much of this next-gen gear is sold to emerging carriers that are simply running out of money -- it doesn't matter what you sell if your customers don't have any funds. Corvis currently has contracts with Williams (WCG), Qwest (Q), and Broadwing (BRW). The bad news here is obvious: customer concentration. This is also the good news, as none of these companies is in financial jeopardy. There have always been two knocks on Corvis, and they are very much connected. First, the company is extremely secretive about its technology, generating skepticism about some of its claims. Second, all three customers own shares in the company, calling into question their objectivity in assessing CORV's technology. Because of these issues, adding customers has been and continues to be a critical factor for Corvis. Rumors of one or two new customers have been heard for several weeks, but still there is silence at Corvis. If the Corvis claims are true, its transport and optical switching products can dramatically reduce network costs, and it would be unwise to bet against any company that can quickly and significantly reduce costs for service providers, particularly when that company targets Tier 1 customers rather than emerging carriers. The key for Corvis is attracting more customers so that the "if" at the beginning of that sentence can be removed. Being added to the Gilder list today was a nice bonus for Corvis shareholders, but being added to the vendor lists at a few more prominent service providers would be a much better reason to buy the stock. -- Greg Jones, Briefing.com