Corning Incorporated (GLW) Message Board

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Technology Stocks : Corning Incorporated (GLW)

GLW 82.58

+3.9%

3:59 PM EST

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To: Robert T. Quasius who wrote (1717)	5/13/2002 8:25:55 AM
From: Sidney Street	Read Replies (1) of 2260

<Q. Did technology companies attract too much investment capital in the late 1990's? A. The problem is that things become obsolete. When a JDS Uniphase writes off $3 billion in inventory, people think they are writing it down. That's wrong. They are taking it to the dump.> Thanks, the comment about JDSU's obsolete inventory tends to confirm what I was saying - Murphy didn't spell it out, but he's saying that when sales come, they will be next generation devices. GLW will be developing some, but there are still hundreds of start-ups with VC money that are trying to get in the act; most of them will die and I hope GLW will have the cash on hand to pick up some technology for cheap, out of the rubble. The folding of the start-ups could create a bad atmosphere, similar to the gloom as one Internet comapny after another shut down. That could suppress stock prices for a while, I suppose. This is not going to be a quick process.

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