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DewDiligence

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DewDiligence

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Friday, 02/07/2003 10:12:31 AM

Friday, February 07, 2003 10:12:31 AM

Post# of 922
Dow Corning’s earnings will be recognized by GLW beginning in the *current* quarter:

http://biz.yahoo.com/bw/030207/72096_1.html

>>
[CFO] Flaws will also tell investors [during today’s webcast] that Corning plans to recognize equity earnings from Dow Corning, beginning in the first quarter. "However, our plan to return to profitability by the third quarter of this year is not dependent on Dow Corning earnings," Flaws will say.
<<

--
Since DC has annual sales of almost $3B and is solidly profitable, this is pretty big news for GLW, IMO.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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