Corning Incorporated (GLW) Message Board

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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 8:03:43 AM
From: t2	Read Replies (1) of 2260

GLW is NOT a part of any optical bubble. Trailing PE for GLW is 108 while the PE for fiscal period ending Dec2000 is about 88. I have put the site which gives the PE based upon operating earnings. I am expecting earnings surprises from this company as well. Just look at the growth rates for this company in the last 2 quarters and you will might conclude that this company is relatively undervalued for this sector. It also becomes the the second biggest component supplier to LU/NT/CSCO when the JDSU/SDLI deal closes GLW's growth rate has accellated in the last 2 quarters. They blew away estimates last quarter (preannouncing positive earnings once). I think the selloff in NT, GLW ends today. IMHO of course. wsrn.com BTW--NT's PE is about 89 for Dec2000 but it is developing cutting edge technology and has been revising its growth rate upwards. The growth rate is also accelerating and it would take a while for deceleration. There are probably big barriers to entry in what NT does. There is certainly more risk in stocks with PEs of about 30 to 50 which are not in a sector that is in the early innings and which rely on costing cutting in a big way to meet growth objectives.

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