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To: XBrit who wrote (30370)	10/23/2000 8:30:50 AM
From: Lucretius	Respond to of 436258

Phd in BS -g-

To: XBrit who wrote (30370)	10/23/2000 8:39:16 AM
From: Oblomov	Read Replies (3) \| Respond to of 436258

How can GLW be down 2.5 on REDI? They had great earnings! -g- Pro forma net income in the third quarter of 2000 totaled $317 million, more than double the $148 million in the third quarter of 1999. This performance was driven by strong demand for the company's high-data-rate optical fiber and cable, optical amplifiers, and LCD flat-panel display glass. Pro forma net income excludes amortization of purchased intangibles and goodwill, purchased in-process research and development, one-time acquisition costs, discontinued operations and other non-recurring items. Including these items, Corning's net income for the third quarter of 2000 totaled $254 million, or $0.28 per share. This compares with third-quarter 1999 net income of $142 million, or $0.18 per share. Maybe they should also exclude wages and Cost of Goods Sold from Pro Forma Net Income. After all, it's the technology that's important, right?