Despite the ongoing market correction in the telecommunications sector, we believe the fundamentals remain intact for the optical networking industry.

I feel we needed a correction. It was out of control.

While the sector could remain volatile until then, we encourage investors to get back into these beaten-down optical leaders.

The demand picture remains solid, while the supply side is still constrained for certain components, mostly for new and high-end components.

While maintaining its status as the dominant supplier of premium fiber and cable, Corning has emerged as one of the premier players in the red-hot optical networking space.

I think the Nasdaq is playing catch-up, because we have had a full blown correction in most of the major indexes, but the Nasdaq hung up there I think toward participating fully,