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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Terry Whitman who wrote (11217)7/9/2001 4:23:41 PM
From: Paul Shread  Read Replies (3) of 52237
 
Corning Inc (GLW) 15.10 -0.03: -- Update -- Company warns for second half of fiscal year; sees earnings below consensus estimate of $0.38; announces it will discontinue its common stock dividend.

Corning Inc (GLW) 15.10 -0.03: -- Update -- Company's senior debt rating cut to A- from A by S&P.

Corning Inc (GLW) 15.10 -0.03: -- Update -- Company will hold conference call at 5pm ET. Dial in number: 800- 619-9064 passcode: update. Replay of conference call will be at 7pm ET. Dial in number: 800-337-5619.

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."

Let's see ... if the market prices in events 6-9 months ahead of time....
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