Corning Incorporated (GLW) Message Board

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Technology Stocks : Corning Incorporated (GLW)

GLW 130.73

+2.1%

9:50 AM EST

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To: Ibexx who wrote (482)	3/17/2000 10:40:00 AM
From: Labrador	Read Replies (1) of 2260

GLW has preannounced earnings and will exceed expectations. Haven't yet seen the announcement, but now I understand that based on forward 2000 earnings, the P/E is down to around 50 -- we may see $200 very soon. In other industry news, optical fiber manufacturer Corning (NYSE: GLW) shot up $4 1/8 to $174 3/8 after saying it expects to beat first-quarter estimates based on strong demand for its LEAF optical fiber. The company expects to report earnings (before special items) between $0.53 and $0.55 per share, 50% ahead of results a year ago.

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