Replies to post #22 on Corning, Inc. (GLW)

[rapoole]

Dew-

I agree with your assessment about Corning except I don't think it is all that speculative at this point. I think we can view what has happened as a particularly vicious business cycle which has now bottomed. GLW's survival seems assured, and its businesses are diversified and growing.

I also share your hope that this board can provide more substantive discussion of this company than Yahoo. I think GLW deserves better.

I am mostly a lurker, but wish you and other substantive posters well. I will contribute when I feel that I have something that will not degrade the s/n ratio.

Richard Poole

[donn_granros]

dew, This is a good idea. Having Two forums is not necessarily a bad thing. I was going to suggest using the APAT thread which is pretty moribund right now (there are only 2 or 3 of us out there) but this will work well.

--fred--

[DewDiligence]

Correction:

In the referenced message, I wrote:

>>With most of the cash charges for “restructuring” out of the way, the company should be EBITDA-positive fairly soon, even without a strong recovery in the telecom sector.<<

In fact, the situation is better than I thought. According to GLW’s CFO, the company is already EBITDA-positive before restructuring charges:

http://biz.yahoo.com/bw/030110/102245_1.html

Dew