Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: stomper who wrote (17175)	8/29/2001 4:59:57 PM
From: Paul Shread	Read Replies (2) of 52237

Bad news from GLW, but TECD looks pretty good (and cheap too). Corning Inc (GLW) 14.60 -0.79: -- Update -- Company says it expects 2001 fiber optic growth well below prior forecast of 15%. Corning Inc (GLW) 14.60 -0.79: Company announces it will cut 1,000 jobs by the end of 2001; job cuts are part of the company's adjustment of its optical fiber operations. Tech Data (TECD) 33.35 -0.94: Company reports Q2 earnings of $0.49 per share; $0.08 better than the consensus estimate; reports Q2 revenues of $4.1 billion in line with the consensus estimate; issues upside preannouncement for Q3 (Oct); sees revenues in the range of $4.1-$4.3 bln versus the consensus estimate of $4.1 bln; sees earnings in the range of $0.49-$0.55 versus the consensus of $0.45 per share.

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