LightReading has an interesting article on the ever changing Corvis which had gone from the one that would change the world to the one desperate to survive.

bq. And, in the process of remaking itself, Corvis leaves the impression it will focus more on its service provider business going forward.

Corvis restructuring should be complete by end of the year. As part of the realignement, the company will fire another 200 employees.

bq. The cuts will save the company about $7 million to $10 million a quarter in operational expenses