Corning Continues Unbreakable Cycle

Corning (GLW Quote) has stuck with its growth forecast and plans to rebuild LCD glass supplies again.

Just months after being blindsided by an economic downturn, Corning says it is on track to reach its 18% LCD growth target for the year. After a strong March quarter, Corning's finance head Jim Flaws told investors Monday at a JPMorgan tech conference in Boston that the company only needs to hit 10% to 15% quarterly growth from here on to make its goal.

The problem is that Corning's glass goes into expensive TVs, a tough sell in a weak economy. The fear is that Corning will get sucked into the same cycle this year -- pushing too much glass at a time of declining LCD TV growth. ...