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John Loose

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continue to be weak for the remainder of the year.

The telecommunications market outlook remains turbulent, ... We continue to see a very significant decrease in the long-haul market in North America.

Recognizing the many uncertainties about the broader economy, we are carefully walking the line between realism and optimism, ... Although it appears that our revenue stream will improve as the year plays out, the pace and timing of recovery is uncertain.

Our new outlook is based on recent customer feedback, which indicates that a meaningful recovery of spending by our telecommunications customers will occur much more slowly than we had previously anticipated,

Our photonic technologies business grew 75 percent to 100 percent per year for the past three years, and we originally anticipated similar growth again this year,

As a result, we added significant capacity and fixed costs to meet expected market demand that has not materialized. We now expect sales this year in the range of $600 million to $700 million for this business, with significantly lower sales of optical amplifiers and other photonic components.

Our investments in capital expansion and ongoing research and development, coupled with recent acquisitions, have positioned Corning as a world leader in optical networking, ... We believe the global appetite for Internet bandwidth and high-speed performance will continue to expand, and our products and technologies will help make that possible.

Our investments in capital expansion and ongoing research and development, coupled with recent acquisitions, have positioned Corning as a world leader in optical networking. We believe the global appetite for Internet bandwidth and high-speed performance will continue to expand, and our products and technologies will help make that possible.

Everyone at the camp wins. Players are coached and have a chance to make many contacts. Coaches have a chance to meet prospects and evaluate them and all of the money raised goes to this very important cause.

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