Corning Incorporated (GLW) Message Board

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Technology Stocks : Corning Incorporated (GLW)

GLW 88.69

+3.8%

1:26 PM EST

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To: Techplayer who wrote (1177)	1/17/2001 10:45:34 AM
From: The Phoenix	Read Replies (1) of 2260

Tech... Current projections - which are certain to be revised up - they really should be given guidance. Has JNPR (at $142/share) at a forward (next year) PE of 140 and a earnings growth rate of just above 30%. Of course this growth rate is low but remember JNPR is coming up on a "real" quarter against which they have to measure themselves so it's going to get tougher. And you've got new competitors and new products from existing competitors. So the challenges, IMO, are bigger than some may believe. BTW: As a point of reference CSCO's current PE is under 100 (acutal) and under 50 (pro-forma). July 01 PE (actual) is currently 51 and forward (02) PE is 40. Earnings growth is projected at 29.22%. Further CSCO is more balanced from a portfolio perspective AND everyone is suggesting CSCO is overpriced.... yet these numbers would seem to suggest that CSCO is better priced than JNPR.... at least on face value.. BWTHDIK. All said, I do want to make one thing perfectly clear. JNPR is a great company, with great people, and excellent management. They will continue to do well and execute. The only issue/question is that of valuation. Full Disclosure: I close my long this morning. OG

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