This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Corning Innovation To Drive Future Growth

Several innovations from Corning Incorporated’s (NYSE: GLW) new business portfolio have the opportunity for growth and could become significant revenue generators for the company, Wendell P. Weeks, chairman, chief executive officer and president, will tell investors today at the company’s annual investor meeting beginning at 9 a.m. in New York.

Weeks will open the meeting by acknowledging the challenges the company is facing in 2012: lower LCD glass prices; higher corporate tax rates; and declining equity earnings, which have combined to lower Corning’s profitability. However, he will remind investors that “despite these challenges, Corning plans to grow profits along our way to achieving our goal of $10 billion in sales.” Last week, the company announced record 2011 sales of $7.9 billion.

Vision of the future

Weeks will recall for investors that a year ago the company shared a vision of the future through a video, “ A Day Made of Glass.” The video portrayed “a mobile world, a visual world, a world of intuitive interfaces, a world requiring massive bandwidth, and a world of life-enhancing technologies,” Weeks will say. “We are excited about this world, because it’s a world that depends on highly engineered specialty glass and fiber optic technology.”

Weeks also will unveil Corning’s newest video, “A Day Made of Glass 2,” which demonstrates even more ways that Corning’s specialty glass is helping enable a world of communication and connection. Both videos will be available for viewing at later today.

Innovative opportunities

To illustrate how Corning’s latest innovations are helping to bring this vision of the future to life, Weeks will demonstrate Corning ® Gorilla ® Glass 2 in a live product-durability test, noting that the company has further improved the product attributes by reducing the glass thickness by 20% while maintaining its industry-leading damage resistance.

Additionally, Weeks will discuss several ways the company is providing glass innovations to enable high-performance displays. He will demonstrate Corning’s Lotus™ Glass and show work that the company is doing on ultra-slim flexible glass. Corning’s patented fusion glass manufacturing process should allow the company to produce slim, flexible glass that is five times thinner than standard display glass. It also has the potential to revolutionize the way displays are manufactured by allowing device makers to move from batch manufacturing to a continuous roll-to-roll process.

“Ultra-slim glass creates the opportunity to manufacture devices using the same techniques as plastic films, while providing all the advantages of glass in terms of transparency, encapsulation, and high-temperature tolerance,” Weeks will explain. “This unlocks the opportunity for some very exciting displays.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,799.50 -13.89 -0.08%
S&P 500 2,091.86 +2.99 0.14%
NASDAQ 5,131.1160 +14.9730 0.29%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs