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Corvis Corporation Reports Financial Results for the Third Quarter.

Publication: PR Newswire
Publication Date: 05-NOV-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
COLUMBIA, Maryland, November 5 /PRNewswire/ -- - Strengthens Balance Sheet With Successful Private Placement

- Continues to Focus Business on Market Opportunities

- Bolsters Broadwing Management Team

- Returns to NASDAQ National Market

Corvis Corporation (Nasdaq: CORV), a leading provider of intelligent optical networking solutions, today reported revenues of US$143.2 million for its fiscal third quarter ended September 30, 2003. This quarter's results primarily consist of communications services revenues recorded by its subsidiary, Broadwing Communications.

The Broadwing communications services division contributed US$143.1 million in recorded revenues in the third quarter. The remaining US$0.1 million was generated primarily from the company's equipment and equipment service contracts with the U.S. Government. All inter-company accounts and transactions have been eliminated.

"During the quarter, we continued to make progress on our path to profitability," said Dr. David Huber, Corvis chairman and CEO. "We continued to match company resources with market opportunities. The equipment side of our business will...

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