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

To: Glenn Petersen who wrote (726)	4/27/2001 9:00:28 AM
From: Jeff Jordan	Respond to of 2772

Just heard CNBC state Solomon downgraded CIEN and CORV....clowns, how forward looking? SO what capex is down...it's not stopping. I would think CORV revenues could only improve, right now they are just a drip in the bucket....one day this baby will pop on the new customer news....but when? I'm sure it will be a surprise. 08:01 ET Corvis (CORV) 7.89: Salomon Smith Barney downgrades to OUTPERFORM from Buy; says the long haul market build out is slowing sharply and becoming more competitive; pricing pressure in the space is building due to aggressive tactics by Nortel and Lucent; CORV also failed to announced any new contracts and doesn't see any before the 2nd-half of 2001. Reduces full yr revenue forecast to $294 mln from $315 mln and FY02 to $411 mln from $678 mln.