Topic: How To Invest

Hi, Pat: Could you kindly give me your opinion on Corning Inc.? Many thanks.

Article Excerpt

Corning Inc., $24.78, symbol GLW on New York (Shares outstanding: 1.3 billion; Market cap: $31.5 billion; www.corning.com), started making glass products in 1851. The company has a long history of innovation, including producing bulbs for Thomas Edison’s first electric lights in 1879. In 1947, it became the first company to mass-produce cathode-ray tubes for TV sets. Today, Corning makes advanced materials for a range of products at 70 plants in 15 countries. It gets about 55% of its sales from Asia. The company has five divisions: Display Technologies, which supplied 40% of Corning’s 2014 sales, makes liquid crystal display (LCD) panels for computers and TV sets. The company has developed a manufacturing process that improves the quality of larger panels. Optical Communications (27% of 2014 sales) makes fibre optic cables and related gear for phone and cable companies. Specialty Materials (13% of sales) makes chemically strengthened glass and ceramic materials that manufacturers use in touch screens and optical sensors. Environmental Technologies (11% of sales) makes materials…