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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (25941)	2/7/2007 11:50:10 AM
From: E_K_S	Read Replies (1) \| Respond to of 78646

Hi Madharry -I believe GLW could go much higher (maybe $60) once their other business segments begin to generate significant revenues. I was not aware of the 25M shares they set aside for pending asbestos liabilities that must be setteled by 2009. When HAL was in the middle of their asbestos litigation, I bought the stock at $9/share pre split and it eventually became a 10 bagger. I suspect GLW may have over estimated their potential liability like HAL. I do not believe the company has any plans to break up their business segments now. As we get closer to 2009 and IF their asbestos litigation settlement sours, they may do what HAL did by splitting out this division from the rest of their other operations. I plan on holding to see what develops. EKS