Corning Sees Glass Half Improved

Less than two weeks after Corning (GLW Quote) said it was on track with its liquid crystal display glass target, the company raised its second-quarter forecast Thursday.

The Corning, N.Y.-based glassmaker says the "supply chain is in full recovery mode" and that LCD glass volume will grow "more than 75% sequentially," which is up from the prior estimate of 50%.

Corning got hammered last year as glass supplies exceeded demand and prices fell further than it expected. The company had to shut down some of its glass production and cut 3,500 or 13% of its staff to try to rebalance its costs with fallen revenue levels. ...