GLW-Q4 revised earnings-RM

I just wanted to briefly touch upon GLW's revised earnings this morning. As I stated when making my stock pitch, GLW's main driver is panel makers utilization rates. During Q3 earnings management warned that even though panel makers are at 70% utilization, it is possible it will continue to fall to as much as 50%. This was already priced into the valuation because of the conservative approach I took. The .20 to .28 cent EPS estimate is now expected to at the lower end at the conclusion of the quarter. The 17% fall in share price was completely overblown. As I expected in gained back more than half of the losses by day end. GLW finished off 6.88% on the day.