NDAQ:VIAVV - Post by User
Post by
newimprovedon Jul 09, 2001 9:31pm
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Post# 3967100
First Marconi, now Corning.
First Marconi, now Corning.JDSU Up .43 cents today.
Then after the market closes,
Corning (GLW-NY):
"Corning Slashes Jobs, Doesn't See Rebound For At Least 12 Months."
Remember, these guys basically invented (or developed) fibre-optics.
Like I said before ... disappointing earnings, high debt-ratios, saturated telecom market, inventory backed up, excess competition, lay-offs, plant closures, cancellation of dividends, etc.
Big long spiral down ... a baron desert at the bottom of many high-tech charts.
Half of todays gains gone in after hours trading.
Will good news come tommorrow to counter the Corning bombshell?
Nothing wrong with buying the beaten-down JDU stock. Just don't expect it to rocket into a quick two or three bagger.