Shareholder to Corvis CEO at meeting: "You basically have 10 quarters' worth of cash on hand -- so you're going to run out of cash, just when the market is hopefully turning?" CEO's reply: [sips water, silently.] Corvis board member: "Near-term prospects are not bright for anybody, but there are significant opportunities overseas in Asian countries and in terrestrial and underseas markets in the Middle East and Africa." I ask: Are you looking for your growth in undersea African markets? Does this sound like a reasonable short-term business plan? This is a lengthy, in-depth article with lots of quotes from the latest shareholders meeting. Corvis, waiting for the pickup |