Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Corning Incorporated (GLW) -- Ignore unavailable to you. Want to Upgrade?

To: Michael P. Michaud who wrote (1007)	10/26/2000 12:00:56 PM
From: Jim Greif	Read Replies (1) \| Respond to of 2260

Thread, Well, after lurking for a while, I put in an order at a level that I never expected to be filled. But it filled today at $70. I think Corning is still a good bet, despite Nortel. I know this isn't good news for the longs on the thread, but I bought with a long-term hold in mind. Go GLW. Jim Also spotted this: Thursday October 26, 8:09 am Eastern Time Press Release Corning Cable Systems Announces Equity Venture in China New Venture Provides Access to Growing China Telecom Market HICKORY, N.C.--(BUSINESS WIRE)--Oct. 26, 2000-- Corning Cable Systems today announced that through Corning International Corporation it has entered into an equity venture agreement with Chengdu Telecommunications Cable Co. Ltd., a subsidiary of China Posts and Telecom Industrial Corporation and one of the largest telecommunications cablers in China, forming Chengdu CCS Optical Fiber Cable Co., Ltd. Terms of the agreement were not disclosed. The company was previously known as Siemens Optical Fibre Cables Ltd., Chengdu (SOFC). Today's announcement is a result of Corning Incorporated's acquisition of Siemens AG's worldwide cable and hardware operations earlier this year. Chengdu CCS Optical Fiber Cable, one of the top four producers of cable in China, will manufacture telecommunications cables, using Corning® optical fiber, for the fast growing Chinese market. Commenting on the announcement, Derek Lawrence, Executive Vice President--Operations, Corning Cable Systems, stated, ``We are delighted to partner with Chengdu Telecommunications Cable to manufacture fiber optic cables in China.'' He continued to say, ``We are pleased to work with highly trained employees at Chengdu to provide innovative products and exceptional customer service for the rapidly expanding telecom market in China.'' Chengdu CCS Optical Fiber Cable is located in Chengdu, China, and employs 300 persons. For more information, contact Chengdu CCS Optical Cable Co., Ltd. at 028-5182968 or on the worldwide web at www.cdccs.com/. Chengdu Telecommunications Cable Co. Ltd. was founded in 1958 and currently is the only cable manufacturer in mainland China listed on the Hong Kong Stock Exchange. Corning Cable Systems, committed to providing superior customer-support services and unparalleled product quality, has more than 14,000 employees in 20 countries. With sales of more than $2 billion, Corning Cable Systems, wholly owned by Corning Incorporated (NYSE: GLW - news), is one of the leading manufacturers of fiber optic and copper communications system solutions for voice, data, and video network applications worldwide. 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 revenues for 1999 were $4.7 billion. Contact: Corning Communications Paul Rogoski, 607/974-8832, rogoskipa@corning.com or Corning Cable Systems Debbie Richart, 828/327-5958, debbie.richart@corning.com

To: Michael P. Michaud who wrote (1007)	10/26/2000 7:21:13 PM
From: Asymmetric	Read Replies (1) \| Respond to of 2260

I added at $75 as well :-(. Seeing where GLW bottomed today, coulda done a whole lot better however. Who knew where the bottom would end up being though? Added SDLI yesterday and today and also AMCC as well. In fact my last purchase today was some AMCC at 135 about 1/2 hr before close of market. JDSU didn't disappoint after hours so my purchases look smart - for now. As you know each day is a new story. Seems like one day encapsulates what used to transpire over the course of a year. One more day to go regarding mutual fund tax year. Sideline institutional money should start coming back in tomorrow...I hope. The aggressive and the brave dive in first, and then when others see that it's safe and the first guys didn't get chopped off at the knees, they'll join as well - playing a better safe than sorry strategy. OT- regarding SIMG, it did somewhat well today. No news today that I could see, so could be seller there may be finished... Peter.