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Strategies & Market Trends : NetCurrents NTCS

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To: Jerry Olson who wrote (1831)	10/25/2000 7:31:43 PM
From: kha vu	Read Replies (1) of 8925

Optical sectors: thestreet.com <<<Optical Sector Plunges, but the Selling Isn't Done By Justin Lahart Associate Editor 10/25/00 6:13 PM ET It is one thing to rise with the tide, quite another to stay afloat in a storm. Until today, the optical-equipment makers had done the latter. Even as tech got trod upon and other once-hot sectors fell like pins, companies like Corning (GLW:NYSE - news), PMC-Sierra (PMCS:Nasdaq - news) and Ciena (CIEN:Nasdaq - news) were able to hang tough, sporting valuations that would make Graham & Dodd blush. Even as the rest of the Nasdaq got taken out to the woodshed, investors cooed over how much glass (the cool way of saying fiber-optic cable) would be laid in the next few years. Soon the world would be riding a beam of light. ............... >>>>

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