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: Frederick Langford who wrote (1389)	7/9/2001 4:20:02 PM
From: James Calladine	Read Replies (2) of 2260

NOT SURPRISING, BUT NOT ENCOURAGING--GLW <<<Corning Inc (GLW) 15.10 -0.03: Company announces it will close three plants an take $5.1 bln charge; GLW will also be cutting 1,000 jobs; "With the dramatic reduction of infrastructure spending across the telecommunications industry, and our expectation that this market downturn could last 12 to 18 months, we are taking decisive action to lower costs and improve the future profitability of our Photonic Technologies business." see press release.>>> Namaste! Jim

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