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Technology Stocks : Corning Incorporated (GLW)
GLW 84.20+0.7%Nov 28 9:30 AM EST

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To: Asymmetric who started this subject10/23/2000 3:52:06 PM
From: t2  Read Replies (1) of 2260
 
I think the market is now digesting GLW's earnings report and conference call. I think the stock has now stabilized.
I believe the company is providing conservative guidance for next year----it gives them a chance to blow out earnings later!
I think their shutdown (2 weeks this quarter) is a another reason they don't want to be too optimistic. The way the stock is behaving today, tells me they achieved everything they wanted.
This sets the stage for gains in the stock price later in the year and 2001.
Brilliant management at controlling street expectations.
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