eastunder,
Good chance the "urban legend" you are thinking about involved Cisco offering to buy the Corvis equipment biz for mega bucks way back when. Who knows if there was any substance to that story? Whatever,... things have changed. Corvis has morphed into a telecom carrier operator called Broadwing that appears to be kicking some serious butt with it's all optical Corvis powered network.
Every other carrier, and anybody who wants to be one, has to be a potential buyer the way I see things. Top class broadband communications services based on leading edge tech are just beginning to become supply constrained as high value new applications requiring their capabilities emerge and drive demand. Distribution of live HD TV sports is one recent example, and high security private networks for business enterprises and govt agencies are another. Valuations go up when that happens, and Broadwing certainly appears to be out front with the "right stuff" for what the telecom future holds.
Let's see what the 4th qtr numbers and management have to say when Broadwing reports on Feb 23rd. IMO Doc Huber has no interest in selling his Broadwing project to anybody at any proce right now. I think it's more likely that he will be the one who buys somebody else and drives ahead to create a global network offering superior services at premium prices.
Re charts - Gotta confess that all this nitwit can see on charts is where "the market" has BEEN. IMHO charts are a great way to see how you are doing against the "opposition". My objective is to "buy low" and "sell high". Best I can understand, it is the same "market" that is painting those charts that I have to beat in order to do that, so you better know that I watch them. It's what I do in spite of them that butters my bread!
Buying BWNG last summer when the charts screamed "DOOM!" was just one example of what I'm saying. Fundamentals point the way, and charts help call the timing in my game. My objective is to buy when the charts are saying "stay away" and to sell when those charts are still screaming "ever higher".
