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

To: tech101 who wrote (1595)	11/5/2002 2:34:16 AM
From: tech101	Read Replies (1) \| Respond to of 2772

CORV Notes by Redfield, Blonsky & Co. November 4, 2002 11:30 AM rbcpa.com It is our understanding that Lucent's Long Haul product LambdaExtreme is being tested by AT&T. We have been studying this potential deployment for quite a while. It has been mentioned that CIENA and Corvis are also in contention. George Gilder www.gildertech.com (subscription needed) feels that Corvis is a major contender for that contract. Gilder feels that a Corvis long haul solution will cost $110 million dollars less than say a Lucent or CIENA solution and in turn save the Service Provider "some $ 515 million dollars in operating expenses over time." . The Corvis product is the Corvis Optical Network (ON) . Gilder feels that the ATT upgrade will cost in the area of $500 million to $1 billion. As a side mention, Gilder also has hinted that Corvis may have another deal pending with a deployment in China. Given that Corvis only has a few customers; it would seem that any deployment announcements by Corvis would be material to Corvis. Corvis has recently announced a buy-back of up to $25 million of its outstanding shares. This would be approximately 10 % of the company at a price of 0.60 (price today is 0.77).