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

To: John Pitera who wrote (2435)	7/11/2001 3:38:01 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 2850

John: I would think FU is looking @ a scenario where the companies don't sell product with enough of a return to be cash flow positive. CORV has an advantage of a good cash position but it has to cut its burn rate or else it won't survive. I remember posting the Lehman bond analyst report on the telecom space a while ago. The sector has a couple of years of pain. In reality companies like corv (where they are not profitable but do have good technology) should be acquired in a consolidation phase. Problem is they had IPO during the mania and have a good cash position. Hey even INTL almost went bust until IBM contracted for PC processor. CORV sells to Broadwing, Qwest, Williams but those companies want price concessions so not sure if CORV survives. Its only a small be on my part and unfortunately the bet has shrunk. CORV is not a chapter 11 candidate unless something drastic happened to kill the balance sheet this quarter.