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To: 2MAR$ who wrote (275)	8/16/2000 5:44:46 PM
From: 2MAR$	Respond to of 762

GLW sets three-for-two stock split ( issued oct 3) CORNING, N.Y., Aug 16 (Reuters) - Fiber-optics company Corning Inc. <GLW.N>, whose stock has more than quadrupled since last October, said Wednesday its board approved a three- for-one stock split of its common shares. Corning shares closed at 276-15/16 on the New York Stock Exchange, up 1-3/8 on the day. The stock has one-year high of 289-3/4 and a one-year low of 62-5/8. "Our decision to split the stock reflects our confidence that we are firmly established in markets that will continue to grow well into the next decade," said Roger Ackerman, Corning's chairman and chief executive, in a statement, "We will exploit this competitive advantage by continuing to develop a rapid succession of new products through a combination of internal innovations and external acquisitions," he added. The stock split will take the form of a special stock dividend of two additional shares of common stock for each Corning common share held by shareholders of record on September 5. The new shares will be issued on October 3. Corning said it had roughly 319 million common shares issued as of June 30. The split will boost the number of common shares issued to about 957 million. ((New York Newsdesk (212) 859-1700)) REUTERS * end of story *