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.

Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2294)	4/24/2001 10:54:48 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 2850

John: I had a few problems with Gilder. 1) The news letter content dropped off. Too many times he would have short letters without much content (I was using them to help my understanding of the area) and these letters seemed to correspond when he was busy with one of his conferences. Of course anyone can go to the conference if they shell out the 1k. 2) New stocks added to his list would skyrocket but it seemed some were in the know before hand. Obviously not me <VBG> or I wouldn't be upset. 3) Some of the companies and ideas just didn't make business sense. They worked fine in the mania but now in the world of profits. Hey if we have many more 80+ degree days I won't be doing much fundamental research. Have a good nite Tim

To: John Pitera who wrote (2294)	4/27/2001 1:09:35 AM
From: hamsandwich	Read Replies (1) \| Respond to of 2850

John, Enclosed are a few CORV snippets, from briefing. Best things this Q appear to be revenue above projections and Y01 guidance affirmed. 26-Apr-01 Corvis (CORV) 7.89 -0.45: -- Update -- Conference call concludes; a mixed bag for CORV. Positives are reaffirmation of 2001 revenue guidance and Qwest's decision to build an all-optical network with Corvis products. Negatives are lack of new customer wins and pricing pressure that will reduce growth margins to about 30% from prior target range of 35-40%. Stock trades down slightly to 7.55 after hours. 26-Apr-01 Corvis (CORV) 7.89 -0.45: -- Update -- On call, company sees Q2 revenues in $50-70 mln range relative to current $67 mln consensus and close to Q1 revenues when WCG field trial revenues are excluded; still believes it can achieve FY01 revenues of $315-325 mln and reach profitability by the first half of 2002. Also says it is comfortable with the lower end of analyst EPS estimate ranges for Q2 loss of $0.05-0.08 and for FY01 loss of $0.18-0.25. Finally, reduces gross margin target below prior 35-40% range; now hints at 30%; cites pricing pressure. 26-Apr-01 Corvis (CORV) 7.89 -0.45: -- Update -- On call, company says that pricing pressure will continue for next several quarters and will depress gross margins. Margins in Q1 were lower than expected at 37.1%. DSOs rose to 68 days; expected to trend upward due to demand for more flexible payment terms. 26-Apr-01 Corvis (CORV) 7.89 -0.45: -- Update -- On conference call, company says that announcements of new customer wins could wait beyond mid-year due to longer sales cycles; company currently has only 3 customers (WCG, Q, BRW); could be some disappointment that long rumored new customer wins are not imminent. 26-Apr-01 Corvis (CORV) 7.80 -0.55: Company reports loss of $0.07, in line with estimates. Revenues of $84.1 mln were well ahead of estimates for $61 mln.