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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (29845)7/17/2000 9:56:10 AM
From: Jane4IceCream  Read Replies (1) | Respond to of 57584
 
Bears sure hitting ISLD alot lately.....seems to be one of the first to go south on my screen.

NAVR, SVNX, GMST, ELNK, KLIC......all in the green for me now.

Jane



To: Rande Is who wrote (29845)7/17/2000 9:58:39 AM
From: KevinThompson  Read Replies (3) | Respond to of 57584
 
I' pulling out of ADIC until it forms a base. Looks like Mark is right, it's headed for 12 before any reversal. Fundamentals look good though.

KT



To: Rande Is who wrote (29845)7/17/2000 10:47:40 AM
From: Steven Finkel  Respond to of 57584
 
FBCE getting attention due to Corning Q2 earnings rise 80%

Corning Q2 earnings rise 80%
By William L. Watts, CBS.MarketWatch.com
Last Update: 9:34 AM ET Jul 17, 2000 NewsWatch
Latest headlines

CORNING, N.Y. (CBS.MW) -- Corning Inc. said second-quarter profit rose 80 percent, exceeding analysts' expectations, on strong demand for high-data rate optical fiber and cable and LCD flat-panel display glass.



Corning (GLW: news, msgs) said earnings totaled $271.1 million, or 94 cents a share, up from $136.5 million, or 52 cents a share, earned in the same period last year. The results are pro forma to exclude amortization of purchased intangibles and goodwill, purchased in-process research and development, one-time acquisition costs, discontinued operations and other non-recurring items.


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Updated:
7/17/2000 9:43:16 AM ET



According to a survey of analysts by First Call, Corning had been expected to earn 80 cents a share in the latest quarter. The company has become a leading supplier of optical layer products used in communications networks.

More good things to come

Shares of Corning climbed 10 to 277 in pre-market trading on Instinet. The shares had risen 8 on Friday.

"Clearly, this is a blockbuster quarter for Corning," said CEO Roger G. Ackerman. The company's top line advanced 57 percent to $1.78 billion, with sales of optical fiber growing by 40 percent from the 1999 quarter and photonic products nearly doubling from year-ago levels.

Corning also said it is raising its full-year pro forma earnings per share outlook to a range of $3.15 to $3.25, an increase of around 60 percent from last year's $2. Analysts had pegged full-year earnings at around $2.92.