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Technology Stocks : Corning Incorporated (GLW) -- Ignore unavailable to you. Want to Upgrade?

To: Leo Mitkievicz who wrote (391)	2/2/2000 4:48:00 PM
From: t2	Respond to of 2260

Considering the insider selling possibility, I was unwilling to sell my shares in GLW. Notice how huge a move SDLI just had after the earnings. Once the dust settles, GLW should play catch up. I would think that maybe the GLW board would hold off on any split announcement until this major selling is out of the way. This would be consistent with comments by the CEO stating that the higher the stock gets, the less the fall. He would want to increase the share price as much as possible so that they could be in a position similiar to JDS Uniphase and proceed on the acquisition trail. I think they are well aware that stock splits will only help in getting that valuation. One argument against a split would be if they were about to be taken over by another company and deem the split to be unnecessary. I remember OCLI actually cancelled their split after the JDSU decided to take them over. Although a takeover of GLW has not been mentioned much (since GLW would be thought of as the acquirer), there still exists as a small possibility. Conclusion: This stock is going much higher given the valuation of its peers. If it acquires a small components maker (for example ORTEL), GLW stock should move up on the news. Let's get the selling OAK shareholders out of here. There could be some value investing funds yet to sell their positions.