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To: Libbyt who wrote (7190)	5/25/2001 1:16:52 AM
From: Si_Detective	Respond to of 57684

"IMO probably one of the most overlooked "values" that makes up Corning is in the area of genetic research." Yap, similar to AFFX stuff.

To: Libbyt who wrote (7190)	5/25/2001 11:02:50 AM
From: craig crawford	Read Replies (1) \| Respond to of 57684

Thanks for the biotech info re: Corning. Biotech is going to be an exciting thing over the coming decades but unfortunately the stocks are not cheap so I am not focusing any time on it. We just came out of a bubble where money chased whatever looked promising for the next 10 or 20 years. We don't have that luxury anymore. We have to go back to the basics of investing which is to look for things that no one else takes the time or interest to look at. We have to go back to looking for VALUE, not MOMENTUM. Well natural resources have been overlooked for quite a while and are good values now. Slowly but surely people are switching their focus into these areas, and away from tech. The smart money is the money that accepts that most of the stocks in the Nasdaq 100 are not good buys and will underperform over the next 5 years. Last I heard Corning sold off their consumer products division to shift all their focus on the optical portion of their business. Just another example of how at the end of the bubble companies abandoned "old world" businesses to go after the latest craze. You can't blame them, their stock languished for years and they jumped on the right bandwagon to get their stock moving again. It's just illustrative of how all the money flowed out of staples and other commodities and chased after technology. My argument is that we were so focused on energy and other natural resources in the 70's that we underinvested in technology. We had a huge tech boom in the 80's and 90's and now the pendulum has switched back to us being severely overinvested in technology. Consequently all the investment in technology has taken investment away from natural resources, and that's why many of them are starting to explode. Energy is just the first and most obvious ones. It is going to spread to food, and other basic staples as well. That's why coal IPO's are the hottest thing right now...not Internet IPO's.