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

To: Johnny Canuck who wrote (1127)	1/7/2001 5:32:46 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 2260

Henry, these comments concern me too, but this is what their 2000 projections were in late 1999: Here is the statement from late 1999: Dec. 6, 1999--Speaking at a meeting with analysts today, Chairman and CEO of Corning Incorporated (NYSE:GLW - news) Roger G. Ackerman said he expects the company's 1999 earnings per share before one-time items to be in line with analyst consensus of $1.86, representing a 24% increase over 1998's $1.50 per share, and next year's earnings to grow 20-25%, to $2.25-2.35 per share.

To: Johnny Canuck who wrote (1127)	1/7/2001 6:01:50 PM
From: neverenough	Read Replies (1) \| Respond to of 2260

I don't think that 20 to 30 percent top and bottom line growth is what the street wants to hear. Based on those numbers and the $1.17 EPS estimate, this stock is worth in the 30's. I'd have to agree with you there. Still a great company though, and I'd gladly take a long term position in the 30's if the opportunity arises, which is possible with this report.