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   Technology StocksCorning Incorporated (GLW)

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From: John Hayman5/15/2008 9:14:05 AM
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Corning To Showcase Gorilla(TM) Glass at SID Display Week 2008
Thursday May 15, 8:30 am ET
New glass designed for customer applications in which high strength is critical

CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE:GLW - News) announced today that it will be featuring its recently introduced Gorilla™ glass at SID Display Week 2008, May 19-23 in Los Angeles. This new thin-sheet glass was designed such that, upon chem-strengthening, it provides device manufacturers with a highly durable, scratch-resistant liquid crystal display (LCD) display cover. With its unique set of characteristics, Corning Gorilla glass offers added protection for personal electronic devices and is especially valuable for those featuring touch screen technologies.

The consumer electronics market requires materials innovation that enables product designers to pack more features into a single device, including higher-resolution displays. This is particularly true for handheld electronic devices. Device makers have long been challenged with balancing the trade-offs of appearance versus product durability. When it comes to insuring that the display’s optical quality is maintained over the life of a device, Corning Gorilla glass provides an optimal solution. It is a thin, optically pure sheet glass that has superior scratch resistance when compared to other strengthened glass products currently on the market.

“What sets Gorilla glass apart is its enhanced durability,” said Corning’s Gorilla glass program manager James E. Hollis. “This is especially important for handheld devices that are routinely thrown around by consumers. A protective cover made from Corning Gorilla glass is capable of providing the best protection for LCD screens versus any other glass in the marketplace today.”

Corning Gorilla glass is available in a variety of thicknesses, from 0.7mm up to 2.0mm, providing flexibility in device design as well as glass processing. It is an environmentally friendly alumino-silicate glass produced with Corning’s proprietary fusion draw process. Fusion draw technology enables the production of uniform thin sheets with a pristine surface. It is also adaptable to scalable sheet sizes for optimal throughput. The result is a drawn surface that in many cases requires no additional finishing for some applications while providing a wide range of thickness options, low surface roughness and superior flatness. These benefits enable Corning customers to optimize device design and fabrication efficiencies.

Corning will showcase its product portfolio for the display industry at the 2008 SID conference. Included will be the Corning Thin Sheet Xtra™ Series, the Vita™ OLED sealing solution, an inspection objective for inspecting glass after circuits are printed, and a lithography objective for printing circuitry on the LCD glass. For more information, visit the Corning booth, #635, in the Los Angeles Convention Center or Corning's Web site at

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To: John Hayman who wrote (2194)7/8/2008 1:54:38 PM
From: Elroy
   of 2260
Bought some GLW on the dip today.

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From: mlkr11/13/2008 6:59:52 PM
   of 2260
Moved down to $8 then pulled up higher with DOV up more than 500 points!

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To: mlkr who wrote (2196)12/30/2008 1:07:56 PM
From: steve kammerer
   of 2260
Yeah but look what's happened. What's your feeling for the future?

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To: steve kammerer who wrote (2197)12/30/2008 1:11:55 PM
From: mlkr
   of 2260
If holiday sales not moving this up would wait january affect to pass to buy for long term hold..just remember it went down to 3-4 dollars during last recession and then GLW had to reinvent itself as mainly LCD firm. This is my coffee cub reading of course...

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From: Glenn Petersen1/11/2009 3:33:22 PM
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A Jolt Brings Corning Back to Its Research Roots


January 11, 2009
Filed at 2:58 p.m. ET

CORNING, N.Y. (AP) -- By day, Kishor Gadkaree puts samples of a honeycomb-shaped filter into a miniature gas chamber that simulates the insides of a coal-burning smokestack.

These rigorous tests will take years. But by night, Gadkaree dreams that this filter -- which is designed to neutralize the poisonous mercury spewed by the world's coal-fired power plants -- will be the next big hit for a nearly 160-year-old company that recently survived a brush with extinction.

At its newly expanded research haven, Corning Inc. is betting tens of millions of dollars that tougher environmental regulations, plus a few more years of experiments, will turn the mercury trap into something that can generate at least $500 million to $1 billion in annual sales.

''We are going over those hurdles one by one,'' Gadkaree said as he showed off his shelf-top mini-flue at Sullivan Park, a hilltop campus outside this rural town of 10,000 that gave the company its name. ''We can show it works. Now we're trying to find out how much customers will pay for it.''

Corning is famed for entwining specialty materials in potent technologies, from figuring how to make light bulb blanks for Thomas Edison in 1880 to devising the hair-thin optical fibers that helped spur the Internet revolution.

''We have set ourselves up to be patient,'' said Mark Newhouse, who oversees Corning's development of new technologies. ''We talk about how many businesses we will create in a decade, not in a couple of years.''

But while Corning amassed a decade-after-decade array of breakthroughs ranging from ovenproof Pyrex dishes and cathode-ray tubes to auto-pollution filters and space-telescope mirrors, the company has had to endure multiple reincarnations.

Never did a cyclical slide turn so ugly as in 2001-2002, when the dot-com bust punctured the booming telecommunications equipment market.

Lopsided investments in fiber optics almost capsized Corning: Its stock tumbled from $113 in September 2000 to a mere $1.10 in October 2002 as annual revenue shrank to $3.2 billion from $7.1 billion.

Corning quickly retooled itself as the world's biggest maker of liquid-crystal-display glass for flat-screen televisions and computers. The ultra-thin monitors delivered 90 percent of Corning's $2.2 billion profit in 2007.

Nonetheless, the company has learned the hard way that it needs to spread its risks over a variety of high-growth businesses.

During its perilous downturn, former Chief Executive James Houghton came out of retirement to right the ship launched by his great-great-grandfather, Amory Houghton Sr., when he bought a stake in a Massachusetts glassmaker in 1851.

Known to some as ''Dark Angel'' for his 1980s moves to shelve slow-growth Corning businesses, upon his return James Houghton mothballed fiber plants and slashed the work force from 43,000 to 22,500. He offloaded the once-stellar photonics business, which made the optical switches and other exotica that manage the rapid flow of light signals through optical fiber.

The patriarch and his chosen successor, Wendell Weeks, also turned back the clock. They championed wider exploration of arenas in which Corning boasts expertise, a more freewheeling philosophy once associated with Bell Laboratories and other high-tech powerhouses.

One key difference: While ensuring an unusually high 10 percent of revenue is allocated to research, Corning's management imposed a more rigorous, companywide system for nurturing the best ideas along step by step.

Out of hundreds of projects each year, it chooses to keep pursuing just a handful seen as likely to hit a jackpot. Among the latest high-wager hopefuls, in addition to the mercury filters for coal plants: green lasers to equip cell phones with projectors, micro-reactors to enhance chemical processing and silicon bonded to glass to extend battery life for handheld electronics.

''Anything related to glass and glass derivatives, they have probably the best, most concentrated group of experts on the planet,'' said analyst C.J. Muse of Barclays Capital.

With the economy hurling spitballs, Corning's stock stands around $11 a share, down from $28 in May. The company recently trimmed its plans for 2009 capital spending by up to $200 million after an abrupt slowdown in LCD-TV sales -- a nagging reminder that relying on one colossal cash cow product leaves it vulnerable to cyclical swings.

So far, research is largely unscathed. With lab space enlarged by a $300 million investment last year, Sullivan Park is packed again with 1,800 scientists, engineers and technicians, up from 1,100 in 2002.

Gadkaree, who has 67 patents in 25 years at Corning, is one of 15 active research fellows who are given more leeway to explore projects of special interest.

In the 1990s, he developed a water-purification filter that was shelved because the market wasn't deemed big enough. But because it was also capable of capturing metals, the filter got another look in 2004 when signs resurfaced that a long-anticipated federal law eventually could impose a 90 percent reduction on mercury emissions.

Burning coal sends an estimated 300 tons of mercury into the air annually, with U.S. plants alone accounting for nearly 50 tons. As many as 630,000 children born each year in the U.S. are at risk of learning disabilities and physical ailments related to the neurotoxin, according to the Environmental Protection Agency.

Laws in New Jersey, Connecticut and Massachusetts already require coal plants to snare at least 85 percent of mercury emissions, and more than a dozen other states led by Maryland and Pennsylvania are imposing their own stringent restrictions beginning in 2010.

Corning expects its carbon filter will be more cost-effective than a current technique of injecting activated carbon-based chemicals into flue gas. While the chemicals absorb mercury, they can also contaminate a plant's fly ash residues, which are an ingredient in cement and other construction materials.

The new filter employs a ceramic honeycomb that was invented by Corning in the early 1970s and sits at the heart of the smog-busting catalytic converter in automobiles. The filter contains hundreds of tiny passages impregnated with chemicals that stabilize and corral mercury particles.

The big question is whether the filter will be able to capture 90 percent of mercury ''as we make the filter larger and run ever longer periods,'' Gadkaree said. ''Back in 2004, I would have said the probability (of success) is about 10 percent. Now I'd say maybe 50 percent.''

Even those odds are encouraging to Corning, given how big the market for mercury abatement could be. Coal-fired utilities are the largest source of mercury pollution that remains unregulated by the EPA, and yet coal is plentiful and homegrown.

Despite the rise of wind, solar and other renewable-energy alternatives, ''there's at least 20 years where even we will concede that there's a role for coal,'' said John Rumpler, senior attorney for Boston-based Environment America. ''That's a long time horizon for anybody to be investing in mercury-control technologies.''

Gadkaree, 55, knows too well that without customers, great innovations go nowhere. He hopes this one can leave a bigger mark.

''Getting a paycheck, everybody can do that, right?'' he said. ''But `you did something good' -- at the end of my career, I want to be able to say that.''

Copyright 2009 The Associated Press

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From: JakeStraw7/27/2009 8:39:23 AM
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Corning 2Q profit of $611 million exceeds Wall Street forecast

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From: David C. Burns5/12/2010 11:19:18 PM
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Metamaterials are man-made substances designed to do some very weird things that natural materials don't. The path of a beam of light through a natural material like glass is predictable, but scientists from the California Institute of Technology have engineered an optical material that bends light in the wrong direction. This new negative-index metamaterial (NIM) could have several valuable uses including invisibility cloaking, superlensing (imaging nano-scale objects using visible light), and improved light collection in solar cells.

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From: Sam5/20/2010 12:59:43 AM
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Corning upholds 2Q10 forecast
Press release, May 19; Yvonne Yu, DIGITIMES [Wednesday 19 May 2010]

Corning president and COO Peter F. Volanakis has indicated that Corning's businesses, including its equity ventures, are on track with its forecast for the second quarter of 2010.

Corning's display businesses, both its wholly owned business and Samsung Corning Precision Glass, are expected to see a mid-single-digit sequential growth for the second quarter. Prices are expected to be down slightly sequentially.

Corning's forecast for the second quarter also includes 10-15% sequential growth for its telecommunications segments amid strong seasonal demand for both fiber and cable in North America and Europe driven by very strong pull from new private network builds, as well as from the start of a fiber-to-the-home ramp in Canada, and 15-25% sequential growth for specialty materials segment, primarily driven by the Gorilla glass.

Industry data indicates that retail demand for LCD TVs, notebooks, and monitors remains robust. April LCD TV shipments increased 13% in the US market on year. Shipments in Europe and Japan increased 22% and 44%, respectively, for the month. "These growth rates continue to run ahead of our internal forecasts," Volanakis said. The retail data is the result of reports from research firms such as NPD, GFK and CMM, as well as the company's internal analysis.

In China, LCD TV demand appears to remain strong as well. "We do not yet have April retail data for China, but there are no indications that consumers' appetite has abated," Volanakis said. "Incentive programs continue and retail prices are very attractive. As a result, we still see 37 million LCD TV unit sales in China this year."

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From: John Hayman8/1/2010 2:51:20 PM
   of 2260
1962 glass could be Corning's next bonanza seller
Sturdy Corning glass from 1962 could be a multibillion winner in frameless TV market

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