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

To: Michael P. Michaud who wrote (632)	6/30/2000 4:45:24 PM
From: Curtis E. Bemis	Read Replies (1) \| Respond to of 2260

Silicone status- The details of the Dow Corning Corporation and the status of any liabilities is fully covered in the most recent 10K. Corning (GLW) is a 50% owner of Dow Corning; the other 50% is owned by Dow Chemical, Dow Corning went Chapter 11 in 1995 and an order from the Bankrupcy court was issued in November 1999. The current assets of Dow Corning meet the expected liabilities (see Corning-GLW Annual Report). GLW "gave at the office" in 1995 and took a 395M$ after tax charge, and forgave any earnings in 1995. It looks like we are covered in GLW. Review the 10K and Annual Report. The Annual Report is friendlier.