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

To: Curtis E. Bemis who wrote (601)	6/20/2000 12:47:00 AM
From: pat mudge	Respond to of 2260

WSJ: June 19, 2000 C.E. Unterberg's Finnerty:Summer Rally Sooner Than Later Dow Jones Newswires NEW YORK -- The markets have been shrugging off the earnings warnings and are going for the real leaders in the stock market, said Brian Finnerty, managing director and market strategist at C.E. Unterberg Towbin Co. In an interview with CNBC, Finnerty said that the leaders in the semiconductor sector are going "gangbusters" and that fiber-optic companies like Corning Inc. (GLW) and JDS Uniphase Corp. (JDSU) are doing great. He added that the leaders in the semiconductor and fiber-optics sectors have real earnings and are where the growth will be. Finnerty said that a summer rally will come sooner rather than later because the market has finally realized that the Fed won't raise rates on June 28, that earnings of market leaders will be good and that fund managers have a lot of cash to invest in the markets. Since the market peak in March, a lot of mutual funds have raised a lot of cash and it will start to be used, he added.