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sevenbrooks 12/5/2012 | 12:33:18 AM
re: The David Huber Game
That people continue to have money invested here and that there are so many defenders of the good Doctor. Shareholders could easily sue Corvis for wanton disregard to their money.

<humor on="">

I have often wondered if "Dr. Evil" was modeled after Dr. Huber. Both are after world domination. Both have a prime enemy (Austin Powers and Ciena). Both fail but escape. Both have people around them that don't escape the failures. Both have a following even though they have always failed.

<humor off="">

seven</humor></humor>
CogswellCogs 12/5/2012 | 12:33:17 AM
re: The David Huber Game "Game Card: Corvis has always promoted its use of cutting-edge components to build its switches. Move ahead two spaces.

Fine Print Card: Over the past two years, Corvis has bought more than $20 million in components and other products from companies that are partially owned by Huber and/or OCG (see A Survey of the Corvis Food Chain ). Huber owns about 25 percent of Corvis and about 34 percent of OCG, according to SEC filings. Move back one space."

Hmmm, let's see... the components work, they are used in the first OOO switch to ever be successfully deployed... yeah, Huber should have bought the stuff from other suppliers - the ones that the other guys (who never got their switches to work) buy from. Who cares if it works?? Results mean nothing these days.

Do I need to document more examples?

Thanks for another informative, non-biased job well done, Phil!! Remember, don't let the facts get in the way of a good story.

Cogs
fhe 12/5/2012 | 12:33:17 AM
re: The David Huber Game They have been trading below $1 since last June...
DCITDave 12/5/2012 | 12:33:15 AM
re: The David Huber Game Cogs,

You're right. There's nothing wrong with using any particular supplier.

There's nothing wrong with pointing out when a top exec profits from a supplier contract.

And there's nothing wrong with giving folks something to think about.

ph
sevenbrooks 12/5/2012 | 12:33:14 AM
re: The David Huber Game
Sheesh, are you missing the point.

Even if OOO switches are a bad idea, as it turns out to have been true (at least for the moment). Huber gets to line his own pockets with the shareholder's cash.

Read the books concerning the building of the Transcontinental Railroad. Both the leaders of the Union Pacifc and Central Pacific Railroads created firms to build the railroads. Then they sub-contracted the building to themselves. Both railroads went bankrupt but the leaders got wealthy from the construction firms.

That is the parallel that is being drawn. It matters not a lick whether the product works or doesn't work. What does matter that people are paying themselves whether or not they are good stewards of the shareholders money.

seven
BigFiberDog 12/5/2012 | 12:33:13 AM
re: The David Huber Game After a meeting with him over 10 years ago while at GI, I thought there must be a special place in hell for someone like him (The image of Hitler in the Movie Little Nicky comes to mind) Good to see he is still keeping up appearances.
Scott Raynovich 12/5/2012 | 12:33:12 AM
re: The David Huber Game sub-c,

Is this what you're talking about:

http://www.lightreading.com/do...
sub-c 12/5/2012 | 12:33:12 AM
re: The David Huber Game Excellent point seven!

The only question I would ask is simply this: What is the relative values of the interests DH has in all these other companies? If DH has $100M invested in all these outside interests and $25M in Corvis, then I'd say the analogy is valid, and the questions need to be asked by the SEC with federal marshalls present. If the opposite is true, what then?

Maybe LR can do some research on this -- just what are the value of all of DH's outside investments?

Sounds like a good article to me.

sub-c
CogswellCogs 12/5/2012 | 12:33:12 AM
re: The David Huber Game "Shareholders could easily sue Corvis for wanton disregard to their money."

"Both are after world domination."

"Both have a following even though they have always failed."

HAHAHAHAHAHAHAHAHA!!! Arguing the reverse through outrageous exaggeration! sevenbrooks, you are brilliant!

Admiringly,

Cogs
porn starr 12/5/2012 | 12:33:11 AM
re: The David Huber Game They moved to the small cap market, where you get about 200 trading days below $1 before they actually pull you. Tellium did the same thing.

The funny thing here is that all of Broadwing's broadband unit is being sold for $71 million less than the value of the Corvis switches it purchased. Through this investment, even Huber is admitting that Corvis products are worthless.
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