Nortel is their largest customer for optical equipment. A sharp slowdown at Nortel in deployment of optical systems certainly is not good for Corning, and I think this new lowered information accelerates or adds a little bit to the time frame (for a turnaround).
Investors aren't giving management the benefit of the doubt on much of anything at the moment and this is probably deserved.
Appears to be a good quarter overall, driven by strong top-line growth and continued improvement in gross margins.
In one sense, you can be really excited about this because it shows gay and lesbian relationships are getting to be more accepted and [Schneider National] is actively seeking those employees to work for them.
There is a 'sweet spot' that Pfizer is hopefully exploring, consisting of companies that are big enough to be profitable and accretive and fill some voids, yet small enough to be viewed as targeted and manageable.
It may be wise to take profits on the news.
One aspect of the Pfizer story that is more difficult to nail down is how the company will use its sizeable cash hoards.
Will the company take another steep dividend increase? Will the company embark on a more sizeable share buyback program? Will the company make any corporate acquisitions? Pfizer could conceivably do all of the above.
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