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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: Boplicity who wrote (809)	9/13/2000 12:34:20 AM
From: FlameMe	Read Replies (1) of 2260

Do you think the slowdown is real or a canard? this may help the sector tomo. Tuesday September 12, 5:26 pm Eastern Time Savvis to build its own fiber-optic network NEW YORK, Sept 12 (Reuters) - Savvis Communications Corp. (NasdaqNM:SVVS - news), which provides data networking services to businesses, said on Tuesday it will build its own fiber-optic communications network that will replace the lines it leases from other service providers. Building and managing its own network will allow Herdon, Va.-based Savvis to reduce its expenses, better control its growth and provide new services to customers, the company said. The fiber-optic backbone will be in place by the fourth quarter of 2001. Savvis said it will use 20,000 route-miles of fiber from Level 3 Communications Inc. (NasdaqNM:LVLT - news) and buy equipment and services from Nortel Networks Corp. (NYSE:NT - news) Terms of the deal were not disclosed.

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