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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (3800)	1/24/2001 4:27:41 PM
From: stockamaniac	Read Replies (2) \| Respond to of 3951

apparently the street isn't impressed EOM

To: Kayaker who wrote (3800)	1/24/2001 4:31:05 PM
From: Kayaker	Respond to of 3951

UPDATE 1-Corning sees softness in telecoms market in Q1 WEDNESDAY, JANUARY 24, 2001 4:21:00 PM EST (Adds details, paragraphs 1, 4-5) NEW YORK, Jan 24 (Reuters) - Corning Inc. GLW, the world's biggest maker of fiber-optic cable, said on Wednesday its fourth-quarter profits more than doubled, but warned that the overall telecommunications market may experience softness in the first quarter. Corning said fourth-quarter pro forma profits rose to $314.6 million, or 34 cents a share, compared with $142.2 million, or 18 cents a share a year ago. Wall Street had expected the company to earn 28 cents a share, according to research firm First Call/Thomson Financial. Revenues soared 52 percent to $2.1 billion. The quarterly results exceeded the company's recent guidance and reflected the insatiable demand for fiber cable, the backbone of telecommunications and the Internet. Citing "softness" in the telecommunications market, Corning widened its first-quarter earnings guidance to a range of 28 cents to 31 cents a share, compared with the previous guidance of 29 to 30 cents a share. It also said its optical fiber and photonics customers had indicated that their order rate may be lower-than-expected in the first half of the year. Shares of Corning closed at $70-1/4, up 1/4, on the New York Stock Exchange before the announcement. It has gained nearly 64 percent in the past year and outperformed the Standard & Poor's 500 index by about 77 percent. Optical equipment stocks were one of the few sectors to buck the broad sell-off in technology stocks last year. Rtr 16:21 01-24-01 Selector Code: reuco Copyright 2001, Reuters News Service www2.marketwatch.com