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   Technology StocksCorning Incorporated (GLW)

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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
   of 2260
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
   of 2260
Corning 2Q profit of $611 million exceeds Wall Street forecast

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From: David C. Burns5/12/2010 11:19:18 PM
   of 2260
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
   of 2260
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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To: John Hayman who wrote (2203)8/2/2010 10:11:54 PM
From: glenn snyder
   of 2260
He estimates that a sheet of Gorilla would add $30 to $60 to the cost of a set.

On a $2000-3000 TV I don't think that will be that big of a deal.

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From: David C. Burns9/7/2010 12:14:53 PM
   of 2260
Corning's Specialty Glass Combined with Oerlikon Solar's Micromorph(R) Technology Delivers Silicon-Tandem Solar Cell with 11.9 Percent Efficiency

CORNING, N.Y., September 7, 2010 — Corning Incorporated (NYSE: GLW) and Oerlikon Solar (SIX: OERL) announced today that they have achieved a record-breaking 11.9 percent stabilized conversion efficiency in a silicon-tandem, research-size photovoltaic cell. Results were confirmed by the United States National Renewable Energy Laboratory (NREL).

Based on the unique combination of Oerlikon Solar’s world leading Micromorph® technology and Corning’s thin specialty glass, the resulting solar cell’s energy conversion efficiency exceeds the current 11.7 percent industry record, set in 2004, and was achieved without the use of antireflective coating.

Increasing conversion efficiency, or the rate at which sunlight energy is converted into electric current, is a key industry challenge. This milestone for Micromorph® tandem technology is particularly significant in the advancement of thin-film photovoltaics, a rapidly progressing segment of the fast-growing solar energy industry.

The newly developed photovoltaics research cell combines the advanced light-trapping capabilities of Corning’s specialty glass and Oerlikon Solar’s proprietary Micromorph® technology, utilizing a zinc oxide low-pressure chemical vapor deposition (LPCVD) front contact.

“The 11.9 percent efficiency achievement is an important step forward in thin-film innovation for our customers,” said Dr. Jurg Henz, chief executive officer, Oerlikon Solar. “We look forward to continued work with Corning on a roadmap to advance this technology to cell efficiencies of 12 percent and beyond.”

“We are thrilled with the milestone reached through this very strong collaboration between Oerlikon Solar and Corning,” noted Dr. Gary Calabrese, vice-president, Science and Technology and director, Corning Photovoltaic Glass Technologies. “More importantly, we are strongly encouraged by the great opportunities that these advancements make possible for the photovoltaics industry as the combined efforts of these two companies move forward to achieve even higher efficiencies with silicon tandem.”

More information and research details will be presented by Dr. Julien Bailat of Oerlikon Solar at the 25th Annual European Photovoltaics Solar Energy Conference (PVSEC) and the 5th World Conference on Photovoltaic Energy Conversion (WPEC-5) in Valencia Spain on Sept. 7. A presentation on the topic of photovoltaics glass reliability will also be presented by Dr. James Webb of Corning Incorporated at the same conference on Sept. 8.

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From: i-node1/11/2011 10:41:37 AM
1 Recommendation   of 2260
Corning is making its Consumer Electronics Show (CES) debut this year. And though it's a newcomer, it's one of the most talked about and prevalent companies at the convention.

This year, the CES is focused largely on touch-screen tablets and smart phones, and Corning makes the material—called Gorilla Glass—that encases nearly all these devices.

Gorilla Glass is used in 150 different products on the market today—phones, tablets and laptop screens. Over 200 million devices with Gorilla Glass have sold and after just three years on the market it has 20 percent of the phone market.

Corning doesn't talk about who its customers are, but Apple [AAPL 342.52 0.065 (+0.02%) ] is clearly one of its largest—it uses the glass for its iPhone and iPad. What makes it so useful for touch screens? It's twice as strong and half as thick as competitors' glass. Corning's been demonstrating the durability to CES attendees by encouraging them to scratch it with a key or break it with a metal barit hardly smudges.

In an interview CEO Wendell Weeks tells CNBC that Gorilla Glass is the most exciting growth opportunity in Corning's 150-year history. Last year the product had a $400 million run rate, it's profitable and its growth rate has been doubling annually for the past couple years.

But now, Gorilla Glass is poised to grow even faster. Corning says the market for this type of glass—called cover glass—should quadruple this year.

Gartner projects tablet sales will triple to 60 million in 2011 and smartphones—with Gorilla Glass touch screens—are expected to continue to explode. And now, Gorilla Glass is moving into a new market, which requires bigger pieces of its glass. Here at CES Sony announced that it is featuring Gorilla Glass in its new Bravia TVs.

Corning is making a big effort to establish itself as a key part of consumer devices. In addition to a big booth at CES, where Corning is doing demos and taking meetings with a range of potential new partners, the company is launching a print and online ad campaign for the Gorilla Glass brand.

Weeks says the potential for Gorilla Glass is endless. The company is now molding the glass into shapes, so it could be used in cars. Since the glass so much lighter than traditional glass that lends itself to battery-powered "green" vehicles.

And the company is already experimenting with putting the glass on refrigerators and using it as an architectural material. And now Corning is working on the second generation of the glass, which is even stronger and more flexible, which should open the door to more potential products.

Corning made a name for itself as a brand for cookware products—products it no longer makes—but now it's well on its way to building another kind of consumer brand recognition for Corning yet again.

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