Corning Incorporated (GLW) Message Board

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Technology Stocks : Corning Incorporated (GLW)

GLW 103.25

+0.3%

Jan 30 3:59 PM EST

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To: Jerome who wrote (1495)	10/10/2001 8:04:56 AM
From: John Trader	Read Replies (2) of 2260

From another thread, Morningstar on GLW (post number 11074 on Raging Bull): ragingbull.lycos.com From the article: "We have slashed our fair value estimate to $11 from $19 per share to reflect Corning's rapidly deteriorating fundamentals. In our five-year discounted cash flow model we assume that sales decline 10% this year and 25% in 2002, before growing at around 10% from 2003-2005. While the stock is trading well below that level, it is likely to remain depressed until the fiber market rebounds (or, at very least, shows signs of a rebound). We think investors will do okay with Corning in the long-term, but patience will be needed."

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