| From: JakeStraw | 3/17/2015 11:06:04 AM | | | | | | Corning's germ-fighting glass means you can touch an ATM with less worry
cnet.com
The special glass is just beginning to make its way into public displays such as ATMs and payment terminals, but Corning hopes it will eventually get into consumer electronics. |
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| From: Asymmetric | 5/10/2015 2:26:06 PM | | | | | | Corning Watch: Balance keeps company on solid footing
LARRY WILSON, Elmira Star-Gazette May 8, 2015
Ever since Corning Inc. stared down bankruptcy early in this century, the company has kept a fund for a rainy day.
At the end of last year, that fund totaled $6.1 billion in cash and short-term investments. By the end of this year's first quarter, it had declined to $5.1 billion.
Is this a sign that the company is so confident about its future that it can allow its rainy day fund to dwindle? Or is it a sign that the lessons of past troubles have begun to fade as a new generation begins to take over the Fortune 500 company?
Actually, it's probably not either one. Corning's Chairman and CEO, Wendell Weeks, hasn't forgotten the early part of the last decade, when it appeared questionable whether he and others would keep their jobs.
They did and went on a single-minded crusade to better balance the Twin Tiers' largest employer so as to avoid allowing one business to threaten the existence of the company.
Generally, they have been remarkably successful. Corning Inc. was over-dependent on optical fiber and related components when the market for those products imploded.
It later became over-dependent on liquid-crystal display glass, which could have set the company up for another hard fall.
Today, however, Corning is better balanced than it has been in many decades.
Optical communications has recovered to provide a steady income from fiber-to-the-home and data center products.
Liquid crystal display glass has stayed strong, despite some challenges. Gorilla Glass, not used in displays but rather as a protective cover, has become a significant moneymaker.
Environmental products to cut emissions from cars and trucks show continued growth. Life Sciences keeps Corning on the cutting edge of bio-technology.
The rebalancing of Corning is the overarching achievement of Weeks and his team in the past five years.
Now, the collapse of a single segment of Corning's business, although it would be significant would not be catastrophic.
With the economic uncertainties and the potential geopolitical disruptions that lie ahead, corporations that rely principally on one product may find it difficult to survive.
Corning, on the other hand, has positioned itself to face the future without allowing a single business to dominate the company.
That may be one of the reasons why the rainy day fund has been allowed to shrink a little.
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| From: John Hayman | 11/25/2020 5:15:10 PM | | | | | | Hello, anyone out there in GLW ?? I can't believe that there hasn't been any post on this board for four years. The stock price hasn't been on fire for sure, but there is a dividend that is small, but yet ???
Anyway, I am just keeping the subject alive.
John
go GLW , I hope !!! |
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| To: John Hayman who wrote (2258) | 11/19/2021 9:13:57 AM | | From: Geomean | | | | I'm new to Corning. It looked pretty good in a Better Investing Stock Selection Guide analysis. I'm looking for a message board with thoughtful discussion and analysis of the company. It's three year strategic plan is worth reading, especially relating to Corning's use of it's cash flow for innovation, capital expenditures, increasing shareholder dividends and stock buybacks.
Gorilla glass has been a great success. It's flexible Willow Glass has been mentioned in several scholarly papers relating to perovskite solar cells. Energy Materials Corporation in Rochester NY is building a roll to roll perovskite 100 M per hour production prototype using a monster (leased) Kodak roll to roll film deposition machine capable of producing 4 GW of solar cell material per year using Willow Glass as the substrate. Energy Materials says the production prototype machine is scaleable by 10X for each machine. It's received a 4 Million grant from the US Dept. of Energy for this work.
Willow Glass seems to be an excellent substrate for flexible solar cell production. Power Roll in England is doing similar work as EMC applying PV materials to flexible substrates. Power Roll's patents seem to be substrate agnostic as long as they are flexible enough to go around roller drums that have ports for material deposition. Corning is already in the top 10 worldwide in polysilicon production through it's 80% interest in Hemlock Semiconductor of Hemlock, MI. Apparently Willow Glass is much more durable than polysilicon.
Corning is worth some study. |
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| To: Geomean who wrote (2259) | 11/19/2021 10:19:57 AM | | From: John Hayman | | | | This year I went on a road trip and went through Corning NY. I spent some time in the town, eating, observing, and conversing with locals. Afterwards , based on that visit to Corning, I sold my shares!!!
I made a profit on it, and some dividends, but I was not impressed with the future of the company. There was a lot of logic to apply for it to be a winner, but it never panned out as a good investment to me.
Good luck with them, I hope you make some money.
John |
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