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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Jo Ellen T who wrote (101057)	12/15/2003 9:59:34 AM
From: Jane4IceCream	Read Replies (1) \| Respond to of 208838

Tough resistance in high 1.60's. We need to gather the forces and storm the gates down....CORVie Jane

To: Jo Ellen T who wrote (101057)	12/15/2003 10:14:11 AM
From: 2MAR$	Respond to of 208838

CORV reiterated Buy with $3 target at Needham (1.63 +0.03) Needham reiterates its Buy rating and $3 target on Corvis. The co is emerging from a turnaround, including the purchase of Broadwing from Cincinnati Bell and employment of a management team well versed in the telecom services market. The firm says Corvis seized the opportunity to "steal" Broadwing for a fraction of revenues out of a distressed sale in 2003. At an EV / 2004E revenues of 0.9x and 2x cash with virtually no debt, Needham sees significant upside to Corvis heading into a cyclical upturn in 2004 and a more rational industry structure.