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Robbie Stephens Conference: Loose Lips Float Corning's Hidden Dragon
SAN FRANCISCO -- So Corning's (GLW Quote) got a hidden dragon. And the optical component industry may well have a crouching tiger as well, in the form of a potential big-money order.
During a question-and-answer session here at the Robertson Stephens Technology 2001 Conference Wednesday, Corning CEO John Loose was asked why he thought cash-strapped service providers were still going to buy gobs of his fiber and components this year. He didn't specifically cite the sweeping new martial arts epic, but investors came away with the distinct impression that Corning's got some kick left. Its shares jumped 8% Thursday, riding a Ciena (CIEN Quote)-inspired rally across the networking sector.
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