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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (10389)	2/18/2001 12:37:21 AM
From: Kayaker	Respond to of 13572

I rather go for a trade other then lock myself in with put out to 02. I think you'd enjoy skeet shootin'. <g>

To: Boplicity who wrote (10389)	2/18/2001 10:20:03 AM
From: Sig	Read Replies (1) \| Respond to of 13572

If someone asked for my honest opinion it would be to. Sell the rest of the trade goods and blankets to the new settlers at a steep discount. Piss on the campfire, load up the wagons and move on out (stolen words from Mohan) Erect a new Teepee to house the bluebird of happiness(More Mohan) Let the bears have the run of the cursed campground Sig

To: Boplicity who wrote (10389)	2/18/2001 12:28:30 PM
From: mishedlo	Read Replies (1) \| Respond to of 13572

Greg & all, I would be very very careful about JDSU right now, as I would about selling puts at just this time on about anything, including the two you mentioned. That said, I do like the idea a lot, I just would hate to short puts and be hit with something like the above. public.wsj.com As of today GLW just lowered the growth rate from previous forecast of 75-90% growth to 1/2 of that. Now, is that 50% and declining? For how long? M ================================================= CORNING, N.Y. -- Corning Inc. cut its growth outlook for its photonics business Friday on the heels of an earnings warning from key customer Nortel Networks Inc. Nortel's warning, released late Thursday, sent its stock into a tailspin and shudders through the fiber-optic component sector. At 4 p.m. Friday on the Nasdaq Stock Market, shares of Corning were down $9.01, or 21%, to $33, and rival JDS Uniphase Inc. tumbled $9.31, or 21%, to $35.81, Nortel dropped $9.75, or 33%, to $20 on the New York Stock Exchange. Corning is the world's biggest producer of optical fiber and cable used in telecommunications networks and one of the leading makers of optical components that enable the transmission of massive data volume at hyper-speed. Corning and JDS are major suppliers to Nortel, said Wachovia Securities communications equipment analyst George Hunt. In the last quarter, Nortel accounted for more than 10% of JDS Uniphase's business, he added. Weakening business at Nortel means slower orders for the suppliers of components to Nortel, including photonics, such as lenses, filters and other parts. Nortel puts those components into products it sells to telecommunications carriers for their fiber-optic networks. Corning now expects its annual revenue-growth rate in the photonic-technologies business to be 50%, down from the 75% to 90% growth rate it had predicted earlier in the week. Corning said that the slower growth means the company will now accelerate its cost-control measures and will consider further job cuts. Corning, however, stood behind its previous earnings guidance of 28 cents to 31 cents a share for the first quarter and $1.40 to $1.43 a share for fiscal 2001, excluding amortization of goodwill, nonrecurring items, discontinued operations and other items. In the year-earlier first quarter, Corning reported income before items of $178.1 million, or 64 cents a share, on revenue of about $1.38 billion. For fiscal 2000, the company reported income of about $1.09 billion, or $1.23 a diluted share, on revenue of $7.27 billion.