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

To: Curtis E. Bemis who wrote (546)	4/27/2000 8:40:00 PM
From: BDR	Read Replies (1) \| Respond to of 2260

Corning to Double Manufacturing Capacity at Corning Lasertron biz.yahoo.com CORNING, N.Y.--(BUSINESS WIRE)--April 27, 2000--Corning Incorporated (NYSE:GLW - news) today announced that its board of directors has approved a plan to double the manufacturing capacity at its Corning Lasertron plant in Bedford, Mass. Corning Lasertron produces sophisticated photonic components, including pump and transmission lasers and receivers, which are used in today's advanced communications networks. The expansion will be funded by a $45 million dollar capital expenditure and is expected to create more than 300 new jobs. As a world leader in the development and manufacture of photonic components, Corning is experiencing unprecedented demand for its products. First quarter sales in the company's Photonic Technologies Division were up 90% year over year. ``Worldwide demand for active photonic devices has accelerated this year and is expected to continue to grow by more than 50% annually for at least the next two years,'' said Dr. Gerald J. Fine, vice president and general manager for Corning's Photonic Technologies Division. ``This expansion will allow us to better meet the needs of our customers as they strive to keep up with demand for additional bandwidth.''

To: Curtis E. Bemis who wrote (546)	6/15/2000 1:26:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 2260

Shareholders also approved an increase in the number of shares of authorized common stock from 500 million to 1.2 billion. The number or shares were increased to enable the company to act promptly on investment, acquisition and growth opportunities, or on proposals for stock splits or stock dividends. That's from the April shareholders meeting. Have any of these shares been used or are they still sitting on a shelf waiting for the right opportunity? Also, do you or anyone else have a recent analyst report for GLW? H&Q doesn't follow them and that's my only source. TIA --- Pat