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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.86
GLW's Cash to Debt is ranked higher than
69% of the 2648 Companies
in the Global Electronic Components industry.

( Industry Median: 1.27 vs. GLW: 1.86 )
GLW' s 10-Year Cash to Debt Range
Min: 0.04   Max: 2.74
Current: 1.86

0.04
2.74
Equity to Asset 0.72
GLW's Equity to Asset is ranked higher than
81% of the 2625 Companies
in the Global Electronic Components industry.

( Industry Median: 0.55 vs. GLW: 0.72 )
GLW' s 10-Year Equity to Asset Range
Min: 0.23   Max: 0.76
Current: 0.72

0.23
0.76
Interest Coverage 15.70
GLW's Interest Coverage is ranked lower than
52% of the 1634 Companies
in the Global Electronic Components industry.

( Industry Median: 115.19 vs. GLW: 15.70 )
GLW' s 10-Year Interest Coverage Range
Min: 4.77   Max: 25.76
Current: 15.7

4.77
25.76
F-Score: 7
Z-Score: 3.84
M-Score: -3.02
WACC vs ROIC
12.30%
6.56%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 19.88
GLW's Operating margin (%) is ranked higher than
96% of the 2651 Companies
in the Global Electronic Components industry.

( Industry Median: 3.84 vs. GLW: 19.88 )
GLW' s 10-Year Operating margin (%) Range
Min: -100.02   Max: 27.16
Current: 19.88

-100.02
27.16
Net-margin (%) 25.45
GLW's Net-margin (%) is ranked higher than
98% of the 2651 Companies
in the Global Electronic Components industry.

( Industry Median: 3.07 vs. GLW: 25.45 )
GLW' s 10-Year Net-margin (%) Range
Min: -90.92   Max: 88.38
Current: 25.45

-90.92
88.38
ROE (%) 11.45
GLW's ROE (%) is ranked higher than
80% of the 2610 Companies
in the Global Electronic Components industry.

( Industry Median: 5.66 vs. GLW: 11.45 )
GLW' s 10-Year ROE (%) Range
Min: -68.52   Max: 45.83
Current: 11.45

-68.52
45.83
ROA (%) 8.37
GLW's ROA (%) is ranked higher than
88% of the 2663 Companies
in the Global Electronic Components industry.

( Industry Median: 3.07 vs. GLW: 8.37 )
GLW' s 10-Year ROA (%) Range
Min: -36.27   Max: 30.5
Current: 8.37

-36.27
30.5
ROC (Joel Greenblatt) (%) 13.19
GLW's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 2659 Companies
in the Global Electronic Components industry.

( Industry Median: 9.56 vs. GLW: 13.19 )
GLW' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -108.33   Max: 41.77
Current: 13.19

-108.33
41.77
Revenue Growth (3Y)(%) 11.00
GLW's Revenue Growth (3Y)(%) is ranked higher than
85% of the 1910 Companies
in the Global Electronic Components industry.

( Industry Median: 2.10 vs. GLW: 11.00 )
GLW' s 10-Year Revenue Growth (3Y)(%) Range
Min: -27.6   Max: 17.4
Current: 11

-27.6
17.4
EBITDA Growth (3Y)(%) 8.40
GLW's EBITDA Growth (3Y)(%) is ranked higher than
78% of the 1549 Companies
in the Global Electronic Components industry.

( Industry Median: 1.40 vs. GLW: 8.40 )
GLW' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -49.6   Max: 34.1
Current: 8.4

-49.6
34.1
EPS Growth (3Y)(%) -0.80
GLW's EPS Growth (3Y)(%) is ranked higher than
68% of the 1397 Companies
in the Global Electronic Components industry.

( Industry Median: 2.20 vs. GLW: -0.80 )
GLW' s 10-Year EPS Growth (3Y)(%) Range
Min: -35.8   Max: 106
Current: -0.8

-35.8
106
» GLW's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

GLW Guru Trades in Q1 2014

Caxton Associates 50,000 sh (New)
Richard Pzena 11,113,952 sh (+273.98%)
David Dreman 138,828 sh (+71.84%)
HOTCHKIS & WILEY 33,449,129 sh (+13.59%)
Robert Olstein 207,000 sh (+2.48%)
Steven Cohen 36,534 sh (+2.46%)
John Buckingham 367,235 sh (+2.22%)
Dodge & Cox 57,996,868 sh (+0.09%)
Jean-Marie Eveillard 40 sh (unchged)
Brian Rogers 15,000,000 sh (unchged)
John Hussman 10,000 sh (unchged)
PRIMECAP Management 19,983,150 sh (-0.19%)
Jeff Auxier 383,951 sh (-0.26%)
Arnold Van Den Berg 2,877,393 sh (-1.3%)
Bill Frels 4,151,918 sh (-1.34%)
Mario Gabelli 1,317,151 sh (-4.21%)
Charles Brandes 10,113,072 sh (-20.25%)
Yacktman Fund 4,750,000 sh (-24%)
Ray Dalio 74,045 sh (-36.03%)
Jeremy Grantham 252,700 sh (-41.41%)
Donald Yacktman 7,283,861 sh (-49.5%)
Paul Tudor Jones 13,500 sh (-50.18%)
Yacktman Focused Fund 2,220,000 sh (-58.5%)
» More
Q2 2014

GLW Guru Trades in Q2 2014

John Hussman 250,000 sh (+2400%)
Ray Dalio 302,490 sh (+308.52%)
Paul Tudor Jones 29,999 sh (+122.21%)
John Buckingham 368,073 sh (+0.23%)
Robert Olstein 207,000 sh (unchged)
Jean-Marie Eveillard 40 sh (unchged)
Jeff Auxier 383,951 sh (unchged)
Jeremy Grantham Sold Out
Yacktman Focused Fund Sold Out
Caxton Associates Sold Out
Dodge & Cox 57,842,418 sh (-0.27%)
PRIMECAP Management 19,825,950 sh (-0.79%)
Charles Brandes 10,018,018 sh (-0.94%)
Richard Pzena 10,149,295 sh (-8.68%)
HOTCHKIS & WILEY 30,447,082 sh (-8.97%)
Mario Gabelli 1,137,068 sh (-13.67%)
Bill Frels 3,580,460 sh (-13.76%)
Brian Rogers 12,778,786 sh (-14.81%)
Yacktman Fund 3,550,000 sh (-25.26%)
Arnold Van Den Berg 1,965,378 sh (-31.7%)
David Dreman 92,597 sh (-33.3%)
Donald Yacktman 4,513,066 sh (-38.04%)
» More
Q3 2014

GLW Guru Trades in Q3 2014

John Hussman 650,000 sh (+160%)
Paul Tudor Jones 50,269 sh (+67.57%)
Ray Dalio 447,676 sh (+48%)
Robert Olstein 267,000 sh (+28.99%)
HOTCHKIS & WILEY 32,308,348 sh (+6.11%)
Richard Pzena 10,440,873 sh (+2.87%)
John Buckingham 373,356 sh (+1.44%)
Jean-Marie Eveillard 40 sh (unchged)
PRIMECAP Management 19,825,950 sh (unchged)
Yacktman Fund 3,550,000 sh (unchged)
Jeff Auxier 383,301 sh (-0.17%)
Donald Yacktman 4,501,907 sh (-0.25%)
Dodge & Cox 57,660,438 sh (-0.31%)
Brian Rogers 12,250,000 sh (-4.14%)
Bill Frels 3,407,515 sh (-4.83%)
Arnold Van Den Berg 1,813,595 sh (-7.72%)
David Dreman 81,291 sh (-12.21%)
Mario Gabelli 975,268 sh (-14.23%)
Charles Brandes 7,127,356 sh (-28.85%)
» More
Q4 2014

GLW Guru Trades in Q4 2014

Joel Greenblatt 1,974,880 sh (New)
Jim Simons 1,716,900 sh (New)
Paul Tudor Jones 113,534 sh (+125.85%)
Ray Dalio 561,376 sh (+25.4%)
Robert Olstein 313,000 sh (+17.23%)
David Dreman 92,350 sh (+13.6%)
Richard Pzena 11,357,075 sh (+8.78%)
Charles Brandes 7,578,803 sh (+6.33%)
Dodge & Cox 58,052,475 sh (+0.68%)
Jean-Marie Eveillard 40 sh (unchged)
Brian Rogers 12,250,000 sh (unchged)
Yacktman Fund 3,550,000 sh (unchged)
John Buckingham 373,205 sh (-0.04%)
PRIMECAP Management 19,817,850 sh (-0.04%)
Jeff Auxier 382,301 sh (-0.26%)
Donald Yacktman 4,471,132 sh (-0.68%)
Bill Frels 3,265,395 sh (-4.17%)
Arnold Van Den Berg 1,617,708 sh (-10.8%)
Mario Gabelli 797,286 sh (-18.25%)
HOTCHKIS & WILEY 26,067,901 sh (-19.32%)
John Hussman 500,000 sh (-23.08%)
» More
» Details

Insider Trades

Latest Guru Trades with GLW

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
HOTCHKIS & WILEY 2014-12-31 Reduce -19.32%0.44%$17.5 - $23.32 $ 24.420%26067901
Arnold Van Den Berg 2014-12-31 Reduce -10.8%0.38%$17.5 - $23.32 $ 24.420%1617708
Joel Greenblatt 2014-12-31 New Buy0.37%$17.5 - $23.32 $ 24.420%1974880
John Hussman 2014-12-31 Reduce -23.08%0.25%$17.5 - $23.32 $ 24.420%500000
Charles Brandes 2014-12-31 Add 6.33%0.15%$17.5 - $23.32 $ 24.420%7578803
Robert Olstein 2014-12-31 Add 17.23%0.13%$17.5 - $23.32 $ 24.420%313000
Richard Pzena 2014-12-31 Add 8.78%0.11%$17.5 - $23.32 $ 24.420%11357075
Ray Dalio 2014-12-31 Add 25.4%0.02%$17.5 - $23.32 $ 24.420%561376
Charles Brandes 2014-09-30 Reduce -28.85%0.78%$19.55 - $22.33 $ 24.417%7127356
John Hussman 2014-09-30 Add 160%0.68%$19.55 - $22.33 $ 24.417%650000
Arnold Van Den Berg 2014-09-30 Reduce -7.72%0.29%$19.55 - $22.33 $ 24.417%1813595
Robert Olstein 2014-09-30 Add 28.99%0.15%$19.55 - $22.33 $ 24.417%267000
HOTCHKIS & WILEY 2014-09-30 Add 6.11%0.13%$19.55 - $22.33 $ 24.417%32308348
Ray Dalio 2014-09-30 Add 48%0.02%$19.55 - $22.33 $ 24.417%447676
Arnold Van Den Berg 2014-06-30 Reduce -31.7%1.59%$20.38 - $22 $ 24.415%1965378
Yacktman Focused Fund 2014-06-30 Sold Out 0.48%$20.38 - $22 $ 24.415%0
John Hussman 2014-06-30 Add 2400%0.4%$20.38 - $22 $ 24.415%250000
Donald Yacktman 2014-06-30 Reduce -38.04%0.24%$20.38 - $22 $ 24.415%4513066
HOTCHKIS & WILEY 2014-06-30 Reduce -8.97%0.23%$20.38 - $22 $ 24.415%30447082
Yacktman Fund 2014-06-30 Reduce -25.26%0.22%$20.38 - $22 $ 24.415%3550000
Brian Rogers 2014-06-30 Reduce -14.81%0.16%$20.38 - $22 $ 24.415%12778786
Richard Pzena 2014-06-30 Reduce -8.68%0.11%$20.38 - $22 $ 24.415%10149295
David Dreman 2014-06-30 Reduce -33.3%0.07%$20.38 - $22 $ 24.415%92597
Ray Dalio 2014-06-30 Add 308.52%0.04%$20.38 - $22 $ 24.415%302490
Richard Pzena 2014-03-31 Add 273.98%0.95%$17.05 - $20.61 $ 24.430%11113952
Yacktman Focused Fund 2014-03-31 Reduce -58.5%0.59%$17.05 - $20.61 $ 24.430%2220000
Charles Brandes 2014-03-31 Reduce -20.25%0.57%$17.05 - $20.61 $ 24.430%10113072
Donald Yacktman 2014-03-31 Reduce -49.5%0.54%$17.05 - $20.61 $ 24.430%7283861
HOTCHKIS & WILEY 2014-03-31 Add 13.59%0.31%$17.05 - $20.61 $ 24.430%33449129
Yacktman Fund 2014-03-31 Reduce -24%0.24%$17.05 - $20.61 $ 24.430%4750000
David Dreman 2014-03-31 Add 71.84%0.09%$17.05 - $20.61 $ 24.430%138828
Ray Dalio 2014-03-31 Reduce -36.03%0.01%$17.05 - $20.61 $ 24.430%74045
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Guru Investment Theses on Corning Inc

Bill Frels Comments on Corning Inc - Jun 25, 2014

On the equity side, Corning, Incorporated (GLW) proved to be the largest contributor to performance for the period, returning 16.84%. As a global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems, Corning has evolved over the last decade from being a manufacturer of optical fiber and cable into a broad-based supplier of optical solutions for the communications industry.



From Bill Frels' Mairs & Power Balance Fund First Quarter 2014 Commentary.



Check out Bill Frels latest stock trades

Top Ranked Articles about Corning Inc

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Arnold Van Den Berg is the founder of Austin-based Century Management. He and his team seek companies that are trading at discounts to their intrinsic value either because they are lesser known, have a short-term problem or are temporarily out of favor. Read more...
Bill Frels Comments on Corning Inc
On the equity side, Corning, Incorporated (GLW) proved to be the largest contributor to performance for the period, returning 16.84%. As a global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems, Corning has evolved over the last decade from being a manufacturer of optical fiber and cable into a broad-based supplier of optical solutions for the communications industry. Read more...
Bill Frels' Mairs & Power Balance Fund First Quarter 2014 Commentary
March 31, 2014 Read more...
Arnold Van Den Berg adds Wells Fargo to his Top Five Holdings of the First Quarter
Arnold Van Den Berg is the founder of Austin-based Century Management. He and his team seek companies that are trading at discounts to their intrinsic value either because they are lesser known, have a short-term problem or are temporarily out of favor. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 13.70
GLW's P/E(ttm) is ranked higher than
84% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 31.70 vs. GLW: 13.70 )
GLW' s 10-Year P/E(ttm) Range
Min: 2.23   Max: 401.25
Current: 13.7

2.23
401.25
Forward P/E 15.31
GLW's Forward P/E is ranked higher than
87% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 15.31 )
N/A
PE(NRI) 13.50
GLW's PE(NRI) is ranked higher than
84% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 31.40 vs. GLW: 13.50 )
GLW' s 10-Year PE(NRI) Range
Min: 2.23   Max: 428
Current: 13.5

2.23
428
P/B 1.62
GLW's P/B is ranked higher than
63% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 1.71 vs. GLW: 1.62 )
GLW' s 10-Year P/B Range
Min: 0.74   Max: 7.44
Current: 1.62

0.74
7.44
P/S 3.45
GLW's P/S is ranked lower than
58% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 1.02 vs. GLW: 3.45 )
GLW' s 10-Year P/S Range
Min: 1.97   Max: 9.48
Current: 3.45

1.97
9.48
PFCF 9.24
GLW's PFCF is ranked higher than
90% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 98.89 vs. GLW: 9.24 )
GLW' s 10-Year PFCF Range
Min: 6.45   Max: 555
Current: 9.24

6.45
555
POCF 7.13
GLW's POCF is ranked higher than
85% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 19.50 vs. GLW: 7.13 )
GLW' s 10-Year POCF Range
Min: 4.77   Max: 43.9
Current: 7.13

4.77
43.9
EV-to-EBIT 15.38
GLW's EV-to-EBIT is ranked higher than
73% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 24.22 vs. GLW: 15.38 )
GLW' s 10-Year EV-to-EBIT Range
Min: -54.7   Max: 150.4
Current: 15.38

-54.7
150.4
PEG 1.96
GLW's PEG is ranked higher than
82% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 1.96 )
GLW' s 10-Year PEG Range
Min: 0.23   Max: 4.7
Current: 1.96

0.23
4.7
Shiller P/E 14.89
GLW's Shiller P/E is ranked higher than
93% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 14.89 )
GLW' s 10-Year Shiller P/E Range
Min: 5.42   Max: 912
Current: 14.89

5.42
912
Current Ratio 4.41
GLW's Current Ratio is ranked higher than
90% of the 2641 Companies
in the Global Electronic Components industry.

( Industry Median: 1.92 vs. GLW: 4.41 )
GLW' s 10-Year Current Ratio Range
Min: 1.22   Max: 5.09
Current: 4.41

1.22
5.09
Quick Ratio 3.84
GLW's Quick Ratio is ranked higher than
91% of the 2641 Companies
in the Global Electronic Components industry.

( Industry Median: 1.41 vs. GLW: 3.84 )
GLW' s 10-Year Quick Ratio Range
Min: 0.79   Max: 4.42
Current: 3.84

0.79
4.42
Days Inventory 86.29
GLW's Days Inventory is ranked higher than
58% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 76.84 vs. GLW: 86.29 )
GLW' s 10-Year Days Inventory Range
Min: 66.07   Max: 111.77
Current: 86.29

66.07
111.77
Days Sales Outstanding 56.39
GLW's Days Sales Outstanding is ranked higher than
82% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 81.88 vs. GLW: 56.39 )
GLW' s 10-Year Days Sales Outstanding Range
Min: 31.42   Max: 104.49
Current: 56.39

31.42
104.49

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.72
GLW's Dividend Yield is ranked lower than
55% of the 1749 Companies
in the Global Electronic Components industry.

( Industry Median: 1.80 vs. GLW: 1.72 )
GLW' s 10-Year Dividend Yield Range
Min: 0.19   Max: 2.75
Current: 1.72

0.19
2.75
Dividend Payout 0.23
GLW's Dividend Payout is ranked higher than
100% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 4.08 vs. GLW: 0.23 )
GLW' s 10-Year Dividend Payout Range
Min: 0.06   Max: 0.96
Current: 0.23

0.06
0.96
Dividend growth (3y) 21.10
GLW's Dividend growth (3y) is ranked higher than
90% of the 837 Companies
in the Global Electronic Components industry.

( Industry Median: 3.60 vs. GLW: 21.10 )
GLW' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 26
Current: 21.1

0
26
Yield on cost (5-Year) 4.48
GLW's Yield on cost (5-Year) is ranked higher than
75% of the 1801 Companies
in the Global Electronic Components industry.

( Industry Median: 2.16 vs. GLW: 4.48 )
GLW' s 10-Year Yield on cost (5-Year) Range
Min: 0.5   Max: 7.25
Current: 4.48

0.5
7.25
Share Buyback Rate 3.40
GLW's Share Buyback Rate is ranked higher than
96% of the 1486 Companies
in the Global Electronic Components industry.

( Industry Median: -1.20 vs. GLW: 3.40 )
GLW' s 10-Year Share Buyback Rate Range
Min: 3.4   Max: -16.4
Current: 3.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.77
GLW's Price/Tangible Book is ranked higher than
68% of the 2802 Companies
in the Global Electronic Components industry.

( Industry Median: 2.50 vs. GLW: 1.77 )
GLW' s 10-Year Price/Tangible Book Range
Min: 0.93   Max: 17.47
Current: 1.77

0.93
17.47
Price/DCF (Projected) 0.74
GLW's Price/DCF (Projected) is ranked higher than
94% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 0.74 )
GLW' s 10-Year Price/DCF (Projected) Range
Min: 0.66   Max: 19.72
Current: 0.74

0.66
19.72
Price/Median PS Value 0.81
GLW's Price/Median PS Value is ranked higher than
88% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 1.19 vs. GLW: 0.81 )
GLW' s 10-Year Price/Median PS Value Range
Min: 0.24   Max: 1.7
Current: 0.81

0.24
1.7
Price/Graham Number 0.94
GLW's Price/Graham Number is ranked higher than
85% of the 2803 Companies
in the Global Electronic Components industry.

( Industry Median: 3.14 vs. GLW: 0.94 )
GLW' s 10-Year Price/Graham Number Range
Min: 0.43   Max: 9
Current: 0.94

0.43
9
Earnings Yield (Greenblatt) 6.50
GLW's Earnings Yield (Greenblatt) is ranked higher than
71% of the 2643 Companies
in the Global Electronic Components industry.

( Industry Median: 4.70 vs. GLW: 6.50 )
GLW' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 16.9
Current: 6.5

0.7
16.9
Forward Rate of Return (Yacktman) 3.86
GLW's Forward Rate of Return (Yacktman) is ranked higher than
68% of the 1240 Companies
in the Global Electronic Components industry.

( Industry Median: 6.89 vs. GLW: 3.86 )
GLW' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.3   Max: 31
Current: 3.86

-2.3
31

Business Description

Industry: Computer Hardware » Electronic Components
Compare:HTHIY, MIELY, APH, TEL, CBE » details
Traded in other countries:GLW.Germany, GLW.Mexico, GLW.Argentina, GLW.Switzerland,
Corning Inc was incorporated in the State of New York in December 1936. The Company's name was changed from Corning Glass Works to Corning Incorporated on April 28, 1989. The Company is a provider of high-performance glass for LCD televisions, computer monitors, and other information display applications; optical fiber and cable and hardware and equipment products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates in five reportable business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. Display Technologies manufacture liquid crystal display glass for flat panel displays. Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Environmental Technologies manufactures ceramic substrates and filters for automotive and diesel applications. Specialty Materials manufacture products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Life Sciences manufacture glass and plastic consumables for scientific applications. All other operating segments that do not meet the quantitative threshold for separate reporting have been grouped as 'All other.' This group includes development projects and new product lines, certain corporate investments, Samsung Corning Precision's non-LCD business, and Corning's Eurokera and Keraglass equity ventures with Saint Gobain Vitrage S.A. of France, which manufactures smooth cooktop glass/ceramic products in France, China, and South Carolina. Its production of specialty glasses, ceramics, and related materials requires energy, uninterrupted power sources, certain precious metals, and different batch materials. Many of Corning's manufacturing processes could be operated with natural gas, propane, oil or electricity, or a combination of these energy sources. The Company's trademarks include the following: Corning, Celcor, DuraTrap, Epic, Evolant, HPFS, Lanscape, Pyrex, ClearCurve, SMF-28e, and Gorilla. The Company faces competition from; Asahi Glass, Nippon Electric Glass, Avan Strate, Inc., NGK, Denso, CommScope, TE Connectivity, Panduit Corporation, Transitions Optical, Oerlikon, Hoya and Heraeus. The Company's manufacturing process generates chemical waste, waste water and other industrial waste and greenhouse gases at different stages in the manufacturing process, and it is subject to a variety of laws and regulations relating to the use, storage, discharge and disposal of such substances.
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Sapphire Isn't a Threat to Corning Anymore Nov 26 2014 
Corning's Focus on Growth Areas Can Push the Stock Higher Nov 25 2014 

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