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.

Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (183)	1/4/2001 1:38:27 PM
From: The Phoenix	Read Replies (3) \| Respond to of 15481

LOL! Patrick.... everything was up 20% yesterday. Even so Merill can sell into strength all day long. Brokers look and see the stock was up 20% and sell... because they don't know any better. That's why they're brokers. GLW trading at a trailing PE just under 50 and had earnings growth (year ended 12/00) of 82%. Using these traditional measure GLW is a buy. I should add that forecasts are for GLW to earn $1.41 next year - only a 22% increase in earnings.... guess what.... that's very low! GLW is booked out for fiber (where 80% of their current earnings come from) for the next 18 months... in fact overbooked! Now add to this the fact that GLW is a leader in new technologies in the InP area neccessary for OC768 speeds as well as leading innovation in 3D MEMS optical switching. These areas will expand GLW's sphere of influence in the opto-electronics where they aren't given any credit today. GLW may see selling tomorrow and next week.. But in the 50's GLW is a buy any way you cut it. OG