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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (130728)	1/24/2001 7:16:41 PM
From: Joe NYC	Respond to of 1573682

Tim, Re: Window CeMeNT LOL

To: TimF who wrote (130728)	1/24/2001 11:25:16 PM
From: tejek	Respond to of 1573682

Unbelievable...just two weeks ago the GLW CEO said everything was bullish; tonite, GLW warns that their first quarter would be soft. What gives with these guys? Corning and SanDisk Prompt Deja Vu By James J. Cramer 1/24/01 6:15 PM ET Looks like we have another test, a la Dell (DELL:Nasdaq - news - boards) and Yahoo! (YHOO:Nasdaq - news - boards), of the animal spirits of this market, with tonight's earnings reports. I say Dell and Yahoo! because that combination flummoxed people and left the shorts stranded horribly just when they thought they were about to marry into giant pools of profits! Tonight's Yahoo! is Corning (GTW:NYSE - news - boards) which said it sees lower fiber/photonic orders for the first half. To the untrained eye, that seems not-so-hot. But we can't tell; this stock is due for a round of profit-taking anyway. The Dell tonight is SanDisk (SNDK:Nasdaq - news - boards), which took people by surprise tonight by saying that business would be down by double digits in the first quarter. The market was prepped for neither. Just this Jan. 7, Corning's CEO, John Loose, told The New York Times, "We caught one hell of a wave in telecommunications. I think we can keep growing the top and bottom lines by 20% to 30% a year." Is that guidance still good after these comments with the quarter? In the meantime, Veritas (VRTS:Nasdaq - news - boards) delivered a good quarter and Exodus (EXDS:Nasdaq - news - boards) delivered what looks to be an iffy quarter. All in all, that's not such a hot showing, and after a long run to the upside, I am sure the shorts will press their bets tomorrow. I am sticking with the Dell/Yahoo analogy until proven guilty. Last I looked, those stocks hiccupped and then moved forward. Seems like the pattern for 2001.