SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (9070)4/17/2000 12:40:00 PM
From: SJS  Read Replies (1) | Respond to of 24042
 
With the three indexes now red (DOW, NAZ and S&P) people should note WHAT IS STILL GREEN on their streaming quotes screens.

These are some of the "cream" companies you EVENTUALLY want to own.

STeve

PS: Folks....I still think.......IT'S TOO EARLY TO DO ANYTHING BUT TRADE.



To: Wyätt Gwyön who wrote (9070)4/17/2000 1:19:00 PM
From: brightness00  Read Replies (2) | Respond to of 24042
 
GLW has fallen less than JDSU in the past couple weeks, and rallied a lot towards the end of Friday. Toay it's being hit by a news blip on a write-down on its old subsidiery.



To: Wyätt Gwyön who wrote (9070)4/17/2000 2:11:00 PM
From: Jack T. Pearson  Respond to of 24042
 
NEW YORK (Reuters) - Fiber optics maker Corning Inc. (NYSE:GLW - news) said on Monday it will take a $35 million charge in the first quarter to write down its investment in Pittsburgh Corning, which filed Chapter 11 bankruptcy.

Pittsburgh Corning is an equally owned equity investment of Corning and glass products maker PPG Industries Inc.(NYSE:PPG - news)



To: Wyätt Gwyön who wrote (9070)4/17/2000 2:11:00 PM
From: t2  Read Replies (1) | Respond to of 24042
 
GLW moving on 3 week old news and insignificant. Just amazes me how the stock has dropped on this.
Today's news release is just a repeat of the old story.

Message 13445978

newsalert.com.

March 30, 2000 14:32

Corning May See Loss In Pittsburgh Corning From Verdicts (GLW)
(NewsTraders.com)-- Corning (GLW) said yesterday that Pittsburgh Corning Corp., a company in which it owns a 50% stake, has incurred five "adverse verdicts" in cases with asbestos plaintiffs, with the total amount of the verdicts potentially exceeding $30 million.
Corning noted that it would not have to pay any cash for the decisions and that any potential loss involved would be limited to a decrease in the value of its investment in Pittsburgh Corning, and/or the recording of equity losses from such holdings.

The fiber optics firm's equity position in Pittsburgh Corning currently approximates $35 million, according to an 8-K filing.

Pittsburgh Corning intends to pursue post-trial remedies by motions and appeals, and believes it has grounds for the decisions to be reduced or reversed, Corning said.

In addition, Corning indicated that Pittsburgh Corning holds insurance to offset a portion of the verdicts.

The other half of Pittsburgh Corning is owned by PPG Industries (PPG).

Shares of Corning were recently down $10.25 to $187.25.

Copyright 2000 NewsTraders Inc. All Rights Reserved 14:35 Thursday, March 30, 2000



View Next 10 Messages | Respond | Previous | Next
Bookmark this Subject Ignore this Person View SubjectMarks

GLW: CORNING INC(NYSE) Monday, Apr 17, 2000 2:07 PM EDT
Symbol