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To: H James Morris who wrote (142801)	6/6/2002 10:24:42 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Still own it. BTW, I didn't hear about it from Billy. Read about it in Red Herring. Avici is a poster child for bad timing - great technology just in time for all the potential customers to close their wallets, empty or not. Read something the other day suggesting a rebound in their market in the second half. It didn't mention AVCI, but did mention a few other earlier-stage players, suggesting they could take share from CSCO and JNPR in the rebound. The problem with that, though, is that the customers seem to take their time with new products, testing them out for some time before deploying them widely. AVCI has been in that process for the last 12-18 months, so it seems to me that they'd be in a better position to gain sales in any rebound than the younger start-ups. OTOH, the technology itself is beyond my finance & economics education, so I don't know. BTW, the profiles of the people involved in AVCI is part of the reason I bought it. They aren't a bunch of kids with nose rings on a mission to create a new economy and none of them are former hedge fund managers. ;-) Bob PS: At 3/31, AVCI still had $149 million of cash and securities. In Q1, they burned $11 million. They won't be going busto any time soon.