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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: besttrader who wrote (18867)	4/26/2001 8:03:03 PM
From: GREENLAW4-7	Respond to of 37746

CORVIS REVENUES were 84 MIL. from a projected 60 mil, In conclusion CORVIS technology is on track with its business model. I was not surprised by the margin presures or the longer delay in new customer contracts. CORVIS is not immune from the slowing economy but they did meet expectations and did not, and I repeat did not change out look----------WARN!! They had nominal burn rate at 35Mil, and and increase in emplyees by 160 to a total of 1600. I heard no mention of hiring freeze, or of any debt incurred in the quarter. I believe company is being EXTREMELY conservative in their rev. projections and I expect them to BLOW IT away with the Qwest deal and the Williams heading into production. Issue of margin shrikage is managable and temporary. Profitability in first quarter of 2002 is GREAT!! Its not a surprise that the European customer is still field testing, what I liked is how they did not say 2 customers because most likely its more then 3, 2 in europe and 1 in US. I would have liked news of a customer but I am happy its still in the works!! Like most stocks CORVIS is still a puppy, a slow and steady climb is fine to me. My 1/1/02 target of 20-24 has not changed! CORVIS is the only 3rd generation networker that saves MONEY for the carrier, and makes the second generation OBSOLETE! Remember Rome was not built in day!!