Home > News > No Glass Ceiling to Hold Back Corning - Barron's
August 13th, 2007
No Glass Ceiling to Hold Back Corning - Barron's
Abstract:
After near-bankruptcy, Corning (GLW) has maintained profitability for two years now through innovative technological developments in products for hot markets. The former glass company now produces high quality LCD displays for popular consumer items like computer screens, TVs and digital cameras. LCD technology appears to be beating plasma, and analysts expect demand to grow 30% by 2008. Display revenues were $2.1 billion, or 40% of sales this year—a 22% increase over 2006. Corning's nanotechnology advances in the again-hot field of fiber optic cables offers lucrative potential as giants like Verizon (VZ) scrap copper for fiber optic internet infrastructure.
Source:
seekingalpha.com
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