Micasa, internet transactions are doubling every 100 days now. This is pushing a great need for more capacity (bandwidth) by all the telecom providers. The route to this increasing capacity is to build new high capacity fiber networks and make the older fiber networks accept more than the single wavelength which they now carry. In a nutshell, this is why JDSU is getting such a high valuation vs its current revenue. The sales to support the new infastructure will soar in the next few years.Corning/Oak are also players in this component market. Corning just announced an expansion to build more components today. The race is on. My opinion is that your new shares of Corning will have strong legs for the next few years. Eventually one of the players will have a coup in the manufacturing technology or integration and undercut the other players. Then there will be a shake out. That is several years out, maybe 5? (Sort of what happened to disk drive makers, watch for the company that comes out with "microprocessor" equivalent component) Corning also is also one of the few companies that makes fiber which is necessary for the new networks, but this is almost a commodity product with low margins compared to the functional parts required to assemble the networks.A good source for more info is the site www.gildertech.com. He writes a news letter and columns for Fortune AND he puts the information in digestable form. He has two sample news letters posted, both are good reading.
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