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To: Victor Lazlo who wrote (2185)10/11/2000 11:03:45 PM
From: 16yearcycle  Read Replies (2) | Respond to of 57684
 
Of course you could wait until things are much worse but I think its time to buy. I was at a recent conference, with Bill and my brother Tom, where the optics companies were present. I think they're tired of the bullshit that Wall is spewing. There is no slowdown in carrier spending.

Wednesday October 11, 9:37 pm Eastern Time
Corning sees Q3 proforma share beating estimates
CORNING, N.Y., Oct 11 (Reuters) - Fiber optics maker Corning Inc. (NYSE:GLW - news) said Wednesday it expects to report third-quarter pro forma earnings in the range of $0.34 to $0.35 per share.

Analysts, on average, expected the company to report a third quarter profit of 29 cents per share, compared to 19 cents per share it reported in the year ago quarter, according to research firm First Call/Thomson Financial.

Corning said it is raising its full-year guidance to $1.15 to $1.17 per share. The company expects full-year pro forma earnings growth of at least 70 percent, an increase from previous guidance of 60 percent.

The company said it continued to experience strong demand for its optical fiber and cable, photonic modules and components, and flat panel display glass products during the third quarter.



To: Victor Lazlo who wrote (2185)10/12/2000 12:36:19 AM
From: Tom Kearney  Read Replies (1) | Respond to of 57684
 
Victor - I was reviewing some posts on the Amazon thread yesterday, posted in late May. On May 21st, you declared you were going to start buying. Great call! Can you call it again?

Regards,
Tom



To: Victor Lazlo who wrote (2185)10/12/2000 1:06:07 AM
From: Libbyt  Read Replies (1) | Respond to of 57684
 
there's always a silver lining, right?

It is a "plus" to off-set a possible "negative"...but right now IMO the "final direction" of this market for the rest of the year is still not decided. Several stocks showing a recent loss in value, can very quickly become positive once again. IMO we are coming into a period where the possibility of some positive earnings statements will soon be released. (Look at the recent release from GLW). I also think the fact that we are headed into the election will have a tremendous effect on the market. I heard someone report today that if we have a "down market" going into the election, the chance of Bush winning is significantly increased. I would think that there should be tremendous pressure from both the Republicans and the Democrats to try to "direct" this market to the best of their ability.

I was away from a computer most of the day. I played in a competitive tennis match...we split sets, and as everyone else went for a "food or water break" before the third set...I pulled out my Palm VII and checked on the market. (sick, sick....I know!!! <g>) I looked at recent business news, and specific stock quotes. Later in the day while waiting for an appointment, I checked my email and read several messages from SI. I enjoy having the ability to use a wireless product. I still feel very strongly that this is a growth area...and an area that will rapidly develop due to customer demand. Wireless and wireless related stocks IMO are due for a rebound!