On Oct 19, 2:31 am, "Eisboch" wrote:
"D.Duck" wrote in message

...



Ahhhh, JDSU. Back in the 90's when I was a very active investor, JDSU is
one I "wish" I would have dabbled in. Made quite a bit of money leading
up
to the "bubble". Should have listened to Greenspan and his "irrational
exuberance" speech. Oh well, I did very well and never complain.

Now as I approach 70 it's much more conservative investments. I do have
quite a bit of Intel stock, but I feel that's reasonably safe. "When" is
gets over $30 I'll get out and buy a bunch of CDs. My have things changed
for me as I get older and more cautious.

You mean the Telecom bubble? That period was an amazing example of a
technology based feeding frenzy based on hype. Companies were scrambling to
acquire other companies that had anything at all to do with optical
multiplexing filters. It's why OCLI is no more. I remember Corning bought
a company called "CoreTec" for 1.4 billion. (that's with a "B"). CoreTec
had been financed with a relatively small amount of venture capital money
and had never produced or shipped a finished product. I met with the
founder and president of CoreTec about a month before Corning's acquisition
of them. We were discussing a possible joint venture between my company and
them. He wanted to continue discussions but was up front and told me of a
possible major event for them in the near future and had to hold off until
after that decision.

Corning ended up having to write the whole $ 1.4B off and it did a number on
their stock. I had a feeling they would recover, so I bought in while they
were low. Turns out it was a good move. I also hold a bit of JDSU.

Eisboch

Seems as though Corning has always been an up and down kind of
business.