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


To: tech101 who wrote (1324)2/8/2002 2:14:13 PM
From: tech101  Respond to of 2772
 
I still think Corvis has the most advanced technology, which will raise its bottom line in future. Unfortunately nobody has the vision now on how long they have to wait.

The most threatening thing currently is the competitors' catching up on the technology. But fortunately, or unfortunately, nobody has the funds, the vision, and the stomach to do it except the company that has already got stuck there. And again, thanks to the investors who paid dearly like Huber was paying for Dorsal, CORV has a couple of more years to burn before the cash is exhausted or the tide is raised again.



To: tech101 who wrote (1324)2/8/2002 2:30:37 PM
From: Geof Hollingsworth  Respond to of 2772
 
Dr. Huber and his friends already owned Dorsal-the major investor in Dorsal was/is Optical Capital Group, whose major owner is guess who? So by selling Dorsal to Corvis, he allows the Corvis shareholders (of which he is only one) to share in his previous mistake in financing the thing to begin with (and avoids the embarrassment being experienced by previous wunderkind like Wu Fu Chen and Raj Singh as their recent enterprises like Optimight and Inara go under).

And insiders are prohibitted from selling during the quiet period in the run-up to the earnings announcement, so the lack of reported recent insider filings should be expected (they may be cynical, but they aren't stupid).