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Investorville
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![]() Corvis Corporation (CORV)
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| Author | Topic: Corvis Corporation (CORV) |
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InvestorGuide Daily Administrator |
Corvis blew the doors off revenue expectations yesterday, but with no new customers announced, analysts are less than thrilled with the news. (source: Light Reading) http://www.lightreading.com/document.asp?site=lightreading&doc_id=4920 |
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InvestorGuide Daily Administrator |
Company Name (Ticker): reported, expected, same q last year Corvis (CORV): -$0.07, -$0.07, -$0.08 |
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Earnings Administrator |
Company Name (Ticker): reported, expected, same q last year Compuware (CPWR): $0.03, $0.05, $0.28 |
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InvestorGuide Daily Administrator |
Five years ago, if somebody told you a networking company with no revenues and a secret product would go public and attain a $37 billion valuation within a week, you would have told them they were crazy. That's the case with Corvis, a recent IPO with a market cap almost as big as GM. (source: Red Herring) http://redherring.com/investor/2000/0810/inv-pc081000.html |
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Common Sense |
They have more than doubled their expected pricing range, an unbelievable sign of strength. TyCom did the same thing today and had a solid outing. This means the pop might not be as large as one might hope, and that the individual investor might not have a great investment opportunity, however. |
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dcott |
Damn the torpedos, full speed ahead. Ciena is pulling a standard industry move - suing now is a sign of their fear. Ciena and others should fear Corvis. |
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kelhajj unregistered |
quote: |
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bhaas unregistered |
Careful...Ciena is suing over their DWDM patents. Strategically timed to interfere with the 28 Jul IPO. But it doesn't change the unique all-optical routing method Corvis has come up with. |
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dcott |
Corvis has more than two customers - they've announced two. Two others are awaiting announcements. Corvis will likely have one of the largest order backlogs ever for a new issue. Leave it to Dr. Huber to break new ground in the business world. Ciena was just the start for him, Corvis should be even better. |
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Mayor of Investorville Administrator |
The company makes switching and routing equipment that forms the backbone of high-bandwidth optical networks. The company currently has two customers -- Broadwing Communications and Williams Communications -- but plans to expand its marketing and sales efforts worldwide. The company plans to go public soon and hopes to raise $400 million (source: SEC filing). |
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