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Technology Stocks CORNIG-GLW: Fiberoptic King

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To: Andy Yamaguchi who wrote ()	1/20/2000 4:14:00 PM
From: KYA27	of 30

GLW hasn't SPLIT in over two years.JDSU Split three times.......we are due for three splits

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To: Andy Yamaguchi who wrote ()	1/21/2000 9:52:00 PM
From: Ray Jensen	of 30

Can you think of any other company that has so much demand for its products, that they have to "ration" out quantities to vendors and turn away new business? That's what seems to be going on in the market for the optical fibers, of which Corning is the king of the sand hill. All factories that manufacture fiber optic cable in the US are running way over normal capacity to attempt to keep up with order backlogs. Many of the biggest names are refusing new customers in order to take care of their existing customers demand. Anyone know what Corning can do to step up production of optical fiber to relieve the world wide shortage? Are they building more production capacity? Is demand for fiber going to be like demand for more computer power and bandwidth, i.e., something like a Moore's law? Ray.

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To: Ray Jensen who wrote (3)	1/25/2000 12:15:00 AM
From: Andy Yamaguchi	of 30

Fiberoptic component industry just likes semiconductor 15 years ago. The optical networking revolution just begins. GLW is the king and they own many key technologies. It is very under-valued

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To: Andy Yamaguchi who wrote (4)	1/25/2000 9:04:00 AM
From: t2	of 30

GLW is also in the process of acquiring technology. Once the deals close (Oak and Siemens), it provides them with a broader product range. Anyone know what the secondary offering does to the possibility of a stock split. Do they need to wait for its conclusion before announcing a split. That is what i would think. By the way, when is the secondary offering? thanks.

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To: t2 who wrote (5)	1/26/2000 12:37:00 PM
From: t2	of 30

If anyone is interested the GLW secondary offering was priced at 151 3/8. Glad to have that out of the way. Should be all clear for big gains going forward and a stock split in the near future. I bet they wanted to wait until after the seconday offering before announcing a split.

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To: Andy Yamaguchi who wrote (1)	2/3/2000 10:23:00 PM
From: steve mamus	of 30

Agree. P/E less then 1/3 of JDSU. Nice coverage on moneyline tonite. I have sold puts sept 110's starting several days ago. The CEO really seems to be with the program. Fiber optic cable to provide 80% of the revenues for GLW next year per moneyline this pm.

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To: Ray Jensen who wrote (3)	2/3/2000 10:25:00 PM
From: steve mamus	of 30

750 million dollar upgrade to increase production capacity. Apparently as I understand it all of the fiber optic cable they can produce for the next 2 years is already spoken for.

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To: Andy Yamaguchi who wrote ()	2/4/2000 12:18:00 PM
From: Andy Yamaguchi	of 30

APAT is shipping 50 Ghz DWDM filter. Broke out 2 days ago!

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To: steve mamus who wrote (8)	2/4/2000 10:02:00 PM
From: Bruce Ravelson	of 30

Steve, I've enjoyed your posts on the G & K option thread and have followed you here. If I had the wherewithal(sp), I would have followed your suggestion earlier in the week on GLW. Just didn't have the guts, I guess, to enter a new position. That being said, would you post when you are planning on adding to your position. I am heavily weighted to QCOM, Jdsu and to a lesser extent, NOK and EMC. I think GLW looks like it should be in my portfolio, but have bought at the top too often. Thanks for sharing your thoughts. Bruce

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To: Bruce Ravelson who wrote (10)	2/5/2000 12:40:00 AM
From: steve mamus	of 30

Will do. I would be patient. I remain concerned about the market and have been selectively adding to naked put positions. My thought has been to do this with stocks that I really want. My thought with GLW was 147 better then 172 (sold 30 contracts at 147) with effective price of 99 when contracts expire in Sept. This would P/E of ballpark 35 on a stock with earning growth of 30% per annum with expansion of earnings likely going forward over next 1-3 years. I share your concern about buying at too high a price. Recently when JDSU pulled back to the 180's I sold Sept 220 puts. This is an aggressive position but I feel comfortable. I sold Aug 320's BRCM calls naked last day or 2 at 71/share. In short term I don't think price of BRCM is sustainable at 320+. Might check out IBIS they have interesting chip technology. Steve

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