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


To: Hamilton Rogers who wrote (499)4/13/2000 4:13:00 PM
From: BDR  Read Replies (1) | Respond to of 2260
 
Re: OPTX acquisition

freeedgar.com

Dear Stockholder of NetOptix Corporation:

The Board of Directors of NetOptix Corporation has unanimously approved a
merger in which Corning Incorporated will acquire NetOptix. In the merger, each
share of NetOptix common stock will be converted into the right to receive 0.90
of a share of Corning common stock, and NetOptix will become a wholly-owned
subsidiary of Corning. Corning common stock is listed on the New York Stock
Exchange under the symbol "GLW". As of April 10, 2000, Corning's closing stock
price was $189.19.

The merger cannot be completed unless the holders of a majority of the
outstanding shares of NetOptix's common stock approve the merger and adopt the
merger agreement. NetOptix has scheduled a special meeting of its stockholders
for May 12, 2000 to vote on this matter. If you were a stockholder of record on
April 10, 2000, you may vote at this meeting. Your vote is very important.