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Friday, February 8, 2008

Corning (GLW) reaffirms forecast

Corning reaffirms their forecast every time they're going to speak at a conference or industry event. Most companies just tell you when something has changed, they tell you that they're the same. It's noisy and creates unnecessary moves in the stock. I wish they'd stop doing it.

Trends are good in the flat panel business and I think it will prove to be a banner year. That said, the consumer is on strike. My wife says not spending is the new black.

Fiber will see some increased margin due to Corning's innovative bendable fiber -- perhaps the only way to roll out fiber throughout metropolitan apartment buildings.

There's nothing to do here, though. Just tune out the boy who cried in line.

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