SOURCE: Wall Street Equity Research

Wall Street Equity Research

August 19, 2010 09:23 ET

Professional Research on Corning and CommScope - A Tremor of Fear

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 19, 2010) -  www.wallstreetequityresearch.com allows shareholders to gain full understanding of the economic and market forces influencing the communication equipment industry, and offers free research on industry players Corning Inc. (NYSE: GLW) and CommScope Inc. (NYSE: CTV). Register today at www.wallstreetequityresearch.com to receive free research reports on these companies.

When the world's biggest supplier of computer networking equipment didn't meet Wall Street's quarterly expectations the rest of the industry felt the shockwaves. Telecommunications stocks dipped across the board this week in the wake of an industry leader's unmet anticipated revenues. Unmet revenue implies a loss yet strangely, the company's revenue is up 27% from last year and recently saw profits jump 79% in the 4th fiscal quarter. So what's the fuss about? The company is seen as an industry litmus test and a slightly negative result is slightly negative for the rest of the industry. 

www.wallstreetequityresearch.com is a specialized website where investors can have complete access to free reports on communication equipment industry; traders looking for analyst opinions on Corning Inc., CommScope Inc. and other players in the industry are welcomed to sign up for a free one year membership at http://www.wallstreetequityresearch.com/.

Regardless of the illogical nature of the industry downturn, it does serve to further demonstrate the instability of telecommunications and the global economic recovery in general. Telecommunications began the year strongly but remained in fear of a recession double dip despite strong sales through the first two quarters. When the industry leader underperformed many believed it to be an ominous indication of a second drop. Whether or not the second drop in the economy happens it appears that the fear of it is sufficient to shake the confidence of the industry.

Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting communication equipment stocks.

Optimism for telecommunications growth for the remainder of 2010 seems tempered at best since the earnings release last week. 

Even after posting positive results for this quarter, Corning Inc. and CommScope Inc. shares tumbled in the last few trading sessions. Corning Inc. broke the cycle on Tuesday closing up yesterday at $16.72. Shareholders and investors can sign up today at http://wallstreetequityresearch.com/August192010CorningInc.(GLW)190810.php or http://wallstreetequityresearch.com/August192010CommScopeInc.(CTV)190810.php to download the full reports on Corning Inc. and CommScope Inc.

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