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Corvis, waiting for the pickup
Topic: Economics 9:02 pm EDT, May 20, 2002

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



 
 
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