$GLW · Meet Kevin · 2026-10-29
说话者对康宁感到兴奋，认为凭借巨额供应协议和强大的定价能力，光纤业务有巨大的扩张机会，不过他并未持有该股。他提醒说，约一半业务属于传统/中型业务且并不景气，因此一个合理的价格是为整家公司买单，而只有一半业务在蓬勃发展。
逐段跳播
那些线缆可以由像 Corning 这样的公司制造，它生产光纤电缆中使用的玻璃。
Those cables can be made by a company like Corning, which makes the glass used in fiber optic cables.
他们唯一没有收购的是 Corning，它在该垂直领域运营，本质上是一家玻璃和光纤制造商。现在，Corning 是一家市值1130亿美元的公司。那是一家有近150年历史的公司。
The one thing they did n't buy was Corning , which operates in that vertical space and is essentially a glass and fiber manufacturer. Now , Corning is a $113 billion company. That's a company that's almost 150 years old .
我对 Corning 非常兴奋。我不持有 Corning 股票。
I'm really excited about Corning. I don't own Corning stock.
Corning 有一些巨额供应协议。Corning 也很有意思。我，呃，让我快速对 Corning 做个估值检查。啊，Corning 的股票代码是 GLW。他们的市盈率约为1.39。
定价能力很强。但是，他们里面有传统业务，对吧？所以，Corning 一半的业务是中端市场，另一半对光纤很棒。光学。这跟净投资不太一样。所以，当只有一半业务在蓬勃发展时，你实际上是在为整个公司支付一个合理的价格。
Corning has some huge supply agreements. Corning is interesting, too. I, uh, let me do a quick valuation check on Corning. Ah, Corning's ticker is GLW. They're at a P/E ratio of around 1.39.
Great pricing power . But, they've got legacy business in it, right? So, half of Corning's business is mid-cap , and the other half is great for fiber. Optical. It's not quite the same net investment .
So, you're actually paying a fair price for an entire company when only half of its business is thriving.
这就是为什么 Corning 是光纤扩展如此大的机会，也是为什么 Marvell 说：“去他的。”
That's why Corning is such a big opportunity to expand with fiber optics , and that's why Marvel is saying, "Screw it ."