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To: mishedlo who wrote (141747)1/4/2002 9:28:05 PM
From: yard_man  Respond to of 436258
 
perhaps they over-reacted seeing how rapid the falloff was ... any rehiring of workers like this is going to be trumpeted mish -- I'd watch for a trend to develop, but seriously doubt it will. I think the article kind of intimates that they think they over-reacted .. perhaps they were just trying to save some money while they worked down inventory. Watch the telcoms capital investment -- I think they are overbuilt for years -- doesn't mean building will ever go to zero

>>Corning spokesman Paul Rogoski said, however, that the resumption in production was not necessarily a sign that demand was picking up.

Corning said in October it did not anticipate significant market recovery until late 2002 or 2003.

<<



To: mishedlo who wrote (141747)1/6/2002 11:14:00 AM
From: Earlie  Respond to of 436258
 
Mis:

The company idled most of its global fiber production and laid off over a quarter of its work force. Now it is briing back a portion of that capability. No big deal. A glut is still in place but most companies are reluctant to give up market share.

Best, Earlie