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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (149993)	11/12/2002 10:00:57 AM
From: zonder	Read Replies (2) \| Respond to of 164684

If you are looking for cash-rich companies to invest in, you might consider Corvis (CORV), with cash & equivalents at USD 510 mn, almost twice its current market capitalization of USD 275 mn. The company does not have any debt. Corvis is bleeding about USD 50 mn in cash flow per quarter, so it should last about 2.5 years even if the telecom investments never ever pick up. If they do, it has got the technology to benefit well from it. On the other hand, WBSN is a "a provider of employee Internet management (EIM) products" which might never be a hot service ever, even if tech investments pick up next year or so. The good thing about this company is its sales are growing and it is profitable, rather than its cash reserves - USD 57 mn cash & USD 62 mn short term investments as at 30 Sept is about half of the market capitalisation of USD 415 mn. Still, its valuation is so high that I think WBSN is being overly appreciated for being a profitable software company.