Corning Incorporated (GLW) Message Board

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Technology Stocks : Corning Incorporated (GLW)

GLW 102.99

-1.2%

3:59 PM EST

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To: SemiBull who wrote (1501)	10/19/2001 12:09:15 PM
From: Proud_Infidel	Read Replies (1) of 2260

FWIW: RESEARCH ALERT-Corning '02 loss view widened NEW YORK, Oct 19 (Reuters) - ABN Amro said analyst Jung Ho on Friday widened the estimate for the 2002 loss from Corning Inc. (NYSE:GLW - news), the world's biggest maker of fiber-optic cable. The company posted a third-quarter loss of $220 million on Thursday and painted a gloomy outlook. In a report, Ho deepened the outlook for the 2002 loss to 25 cents per share from 20 cents. The analyst also trimmed the 2001 profit estimate to 45 cents from 49 cents per share. The shares are rated ``hold.'' ``Corning's business will be significantly impacted by the slump in its capital-intensive optical fiber unit,'' Ho said. ``In addition, the economic slowdown is affecting the company's businesses outside of telecommunications.'' Corning shares were off 18 cents at $7.84 in morning New York Stock Exchange trading.

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