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Technology Stocks : Corning Incorporated (GLW) -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (1530)	11/9/2001 1:17:31 PM
From: Proud_Infidel	Respond to of 2260

Fri Nov 9 GLW Coverage initiated on Corning Inc by Roth Capital to Neutral

To: i-node who wrote (1530)	11/12/2001 12:48:03 PM
From: Proud_Infidel	Respond to of 2260

11:29AM Corning Inc (GLW) 7.53 -0.05 (-0.7%): Traders telling us that Dow Jones has a story on company CEO's comments at the DB Alex. Brown conference. He expects telephone companies to begin boosting spending on regional optical fiber networks again in 6-12 months, as ILECs face bottlenecks after recently reducing spending on additional capacity. On a less positive note, CEO expects excess capacity in the long haul market to remain overbuilt for 5-6 yrs.

To: i-node who wrote (1530)	11/13/2001 12:03:46 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 2260

Tuesday November 13 11:27 AM ET Corning Sees Turnaround in Second Half of 2002 NEW YORK (Reuters) - Corning Inc. (NYSE:GLW - news), the world's largest maker of fiber-optic cable, sees a turnaround in its business in the second half of 2002, President and Chief Executive John Loose said on Tuesday. ``We see a turnaround in six to nine months because the regional (telephone) carriers are going to be facing emerging problems, and they're going to have to start building out fiber-optic networks,'' Loose told Reuters at a telecommunications conference here. Speaking at the UBS Warburg Global Telecom Conference, Loose said Corning does not expect to cut its 2002 capital spending budget any further. ``We have said our capital spending will be between $600 million and $700 million next year, which is down from $1.8 billion this year,'' he said. ``I don't foresee it going any lower.'' Loose said he hopes there are no job cuts in 2002, but added, ``We're not going to run this company on hope.'' The company, which employed 43,000 people at its peak, will cut as many as 12,000 jobs by the end of this year.