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

To: im a survivor who wrote (1588)	10/25/2002 12:22:44 PM
From: The Ox	Respond to of 2772

KG4, It's the normal way the game is played. When a company announces a buy back, they almost always include the disclaimer that they might not buy at all, depending on market conditions, price, etc. No one will pay much attention to this announcement, since it's about 6 months too late to do any real good. The positive concept is that the company has finally come out in defense of the stock, even it's a relatively weak, extremely late attempt at support. I look at as though top management had to dragged kicking and screaming before they made any attempt to voice their opinion that the stock price is too low, even for a company without a real revenue stream. The IPO generated so much money that the company had the luxury of doing whatever they wanted with respect to the stock. Now, they realize that with their business redlining, they had better start playing the Wall St. game more effectively than they had in the past. If they had been more creative, there's reason to believe the stock could be trading 40 or 50% higher than where it is at the moment. Less than 2 million in revenues for the quarter... So much for this niche. Maybe by mid-2004 things will start to look up for CORV. Just my opinion, mh