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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (12795)	9/28/2000 5:48:50 PM
From: t2	Read Replies (1) \| Respond to of 24042

Those concerned about optical slowdown should read GLW's plan to increase production in an optical fibre cable---in the year 2002!! This company's management must have a better outlook than Sagawa. Thursday September 28, 8:43 am Eastern Time Press Release Corning Announces $50 Million Upgrade and Expansion of Deeside, North Wales Optical Fiber Manufacturing Facility CORNING, N.Y.--(BUSINESS WIRE)--Sept. 28, 2000--Corning Incorporated (NYSE:GLW - news), a world-leading supplier of optical fiber, today announced plans for a series of investments totaling $50 million to facilitate an upgrade and expansion of its Deeside, North Wales optical fiber manufacturing facility. When complete in 2002, the plant's fiber-making capacity will increase by over 50%. Corning continues to increase its manufacturing capacity to keep pace with worldwide demand for its optical fiber products, while also allowing for new product development and commercialization. This announcement is in addition to the expansion plans released by Corning earlier this year impacting the company's Wilmington and Concord, North Carolina, and Victoria, Australia fiber manufacturing facilities. ``Since acquiring the remaining 50 percent equity ownership of the Deeside facility from our former joint venture partner, BICC in 1998, we have made important investments in people and technology to expand the operations,'' said Tom Nettleman, division vice president, manufacturing, Optical Fiber, Corning Incorporated. ``Today's announcement further demonstrates our commitment to growing our European operations in support of our worldwide customer base.'' The worldwide demand for optical fiber continues to grow, and Corning fiber continues to be selected by leading networks around the world. The industry's increasing demand for bandwidth, coupled with the rigorous technical performance requirements of network service providers, is driving Corning's capacity growth globally. Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning's revenues in 1999 were $4.7 billion. -------------------------------------------------------------------------------- Contact:

To: t2 who wrote (12795)	9/28/2000 5:58:24 PM
From: sam	Read Replies (2) \| Respond to of 24042

I agree. Who cares about Apple? What's the connection to JDSU? Does Apple's warning have anything to do with the buildout of fiber networks? Consumer-related businesses like Apple are toast -- for the most part. Thanks to the slowing economy. We all agree on that. Right? All I can say is -- better Apple than Corning or Nortel. Now THAT would scare the begezus out of me. ;) I wouldn't expect this Apple news to move JDSU one way or the other. That said, JDSU was weaker than most today as the Street still seems to debate that Bernstein nonsense about slowing growth -- that nonsense that has already taken a good chunk of decent market cap with it. Fortunately, JDSU can't make product fast enough for their customers. That's the real problem as I see it. Maybe this supposed "slowdown" will allow JDSU to better deal with its capacity limitations.