Corning Incorporated produces specialty glasses, ceramics, and related materials worldwide. The company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences.
The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) for notebook computers, flat panel desktop monitors, and LCD televisions.
The Telecommunications segment produces optical fiber and cable, and hardware and equipment products, including cable assemblies, fiber optic hardware, fiber optic connectors, optical components and couplers, closures and pedestals, splice and test equipment, and other accessories for optical connectivity to the telecommunications industry.
This segment also provides optical fiber technology products for various applications, comprising premises, fiber-to-the-home access, metropolitan, long haul, and submarine networks.
The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications.
The Specialty Materials segment manufactures products that provide approximately 150 material formulations for glass, glass ceramics, and fluoride crystals.
The Life Sciences segment develops, manufactures, and supplies scientific laboratory products, such as general labware and equipment, as well as tools and reagents for cell culture and bioprocess, and genomics and proteomics.
This segment also develops and produces various technologies, including the Corning Epic systems for high throughput screening; the Corning HYPERFlask Cell Culture Vessel for increased cell yields; and other novel surfaces comprising Corning CellBIND Surface, the Corning Osteo-Assay surface, and the Corning Synthemax Surface.
The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
Please keep (GLW) Corning Incorporated on your watch list for a price move above $12.88 - $12.93 on heavier than average daily trading volume of 11.40 million. The move the upside will depend upon the earning of tech bellweather (AAPL) Apple, Inc. in which reports earning on Tuesday, July 24, 2012, 2:00 p.m. PDT/5:00 p.m. EDT.
Corning supplies tablet manufacturers such as (AAPL) Apple, Inc., (DELL) Dell, Inc. as well as (HPQ) Hewlett-Packard, to name a few with its Gorilla Glass. Sales of Gorilla Glass are the primary reason Corning saw revenues advance 19% last year to $7.9 billion.
As of the close of trading on Friday (GLW) Corning Incorporated ended the week trading at $12.27 -0.05 or -0.41% on lighter than average downside trading volume of 55.20 million. Please note that this is not a buy recommendation please do your own due diligence or get help from a professional before trading.
By: Marlin Rolle
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