In the red-hot telecommunications market, speed and bandwidth are the new Holy Grails.
That's all in the past now and, in a strategically smart move, people will soon begin to know Corning more for its role in the red-hot telecommunications arena.
The Alameda, California company's main market was red-hot China, where telecommunications spending was booming and the economic growth was zooming.
For retail and wholesale trade, Seattle and New York are the best places to be; for media and telecommunications, San Francisco and New York are hot spots.
Shares in biotechnology, semiconductor companies and telecommunications equipment makers remain hot, but other groups are losing steam.
Last week, David Chacon, a former broker at Salomon, described how the firm dispensed shares in hot initial public offerings to executives of telecommunications companies for which the firm was also providing investment banking services.
A telecommunications company set up a free hot line for fans from across the country to call in their congratulations.
Most of those computer and telecommunications companies on Nasdaq were buyers of hot new hardware and software.
Mr. Spitzer, the House Financial Services Committee and market regulators are all conducting investigations into the allocation of hot initial public offering shares to top executives of telecommunications companies that were favored clients, and Mr. Grubman's role in the deals.
South Africa's largest mobile telecommunications operator, MTN, is proving to be hotter than any telecoms play one might find in the fast-growing markets in India and China: just look at the lineup of its suitors over recent years.
Hot on the heels of the information technology (IT) and telecommunications knowledge sectors, it seems that biotechnology deserves such praise.
