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Technology Stocks : Corning Incorporated (GLW)

GLW 79.46

+1.8%

Nov 21 9:30 AM EST

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To: BDR who wrote (607)	6/28/2000 1:17:00 AM
From: pat mudge	Read Replies (1) of 2260

Corning and Samsung to quadruple capacity: lightreading.com corning.com Corning, New York, June 27, 2000 -- Corning Incorporated and Samsung Electronics announced today that they have approved the first phase of a $110 million expansion at Samsung Corning Micro-Optics, their newly established equity venture company in Suwon, South Korea. The expansion will quadruple production of dense wavelength division multiplexing (DWDM) modules used to support the exponential growth of Internet traffic. "The worldwide market for high-quality, low-cost optical modules is strong and growing quarter by quarter," said Dr. Gerald J. Fine, Corning?s vice president and general manager of Photonic Technologies. "This expansion will allow us to grow our DWDM business and, at the same time, to create a source of critical components for Corning's burgeoning erbium-doped fiber amplifier (EDFA) module business. . . . "

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