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

To: Boplicity who wrote (526)	4/24/2000 10:06:00 PM
From: t2	Read Replies (1) \| Respond to of 2260

Greg, I don't know about the 5 year growth rate but the company's move into the optical business has certainly accelerated the rate of growth. That is why I am picking this stock as a core holding for me. I was a little uncertain going into the earnings but not anymore. I am looking for any weakness during this tech wreck to make this stock one of my top 2 or 3 holdings. I already hold quite a bit of it right now. I tend to look at where the company is now and what the growth prospects are going forward and they seem better than they were in the past. As a result, there is more room for multiple expansion on this stock, especially as we go into late 2000. Corning is also making moves in automating production of optical components. In addition, as the JDSU/ETEK deal gets approved, customers will look to GLW to expand its manufacturing so that they have alternate suppliers. Given its relatively lower PE, it has more upside with less downside, IMHO (ie risk vs. reward). Also saw a CNN story last Friday that it is a player in biotech as well. They are hitting the growth sectors. The company's management is like that of JDSU. They saw trends developing and moved away from CorningWare. They are aggressive in acquisitions. I would put GLW management up there with JDSU. Great company, IMHO.