SOURCE: World Street Fundamentals

October 28, 2011 09:00 ET

Analyst View, Impact of Global Events - Research Report on Corning Incorporated and Blue Coat Systems, Inc.

HONG KONG--(Marketwire - Oct 28, 2011) - Today, www.WorldStreetFundamentals.com released its industry report highlighting Corning Incorporated (NYSE: GLW) and Blue Coat Systems, Inc. (NASDAQ: BCSI). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php?id=GLW+BCSI.

Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets.'

As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.

Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.

World Street Fundamentals has highlighted Corning Incorporated for its current position within the technology industry. Corning Incorporated (Corning) is a technology-based company. Corning operates in five business segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. Display Technologies segment manufactures glass substrates for matrix liquid crystal displays (LCDs). The entire report on Corning Incorporated (NYSE: GLW) is available here: www.WorldStreetFundamentals.com/Report.php?id=GLW.

World Street has featured Blue Coat Systems, Inc. for its development within the technology industry. Blue Coat Systems, Inc. designs, develops and sells proxy and other appliances, and related software and services that secure the delivery of business applications, Web content and other information to distributed users over a wide area network (WAN), or across an enterprise's gateway to the public Internet (also known as the Web). The entire report on Blue Coat Systems, Inc. (NASDAQ: BCSI) is available here: www.WorldStreetFundamentals.com/Report.php?id=BCSI.

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