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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Sully- who wrote (39095)7/17/2001 8:59:55 AM
From: stockman_scott  Respond to of 65232
 
Corning Inc (GLW): Morgan Stanley says that pricing pressure is intensifying with 10-20% declines in fiber pricing over the past 1-2 months, and 30-35% component price declines over the past 3 months; also claims GLW cut fiber prices by 50% in China. Sees fair value for GLW stock at $12 with trough value of $7.