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Better than expected second-quarter earnings and improved guidance had Corning (NYSE: GLW) trading 11% higher yesterday. The firm reported sales of $971 million, up from $752 million a year earlier.
Demand for glass helped Corning make a profit in its second quarter but it warned it was running out of glass and would have to build another glass factory.The firm made net profits of $108 million on turnover of $971 million.
Corning Incorporated will meet with investors over the next two weeks to discuss the company's three growth opportunities and its progress on improved profitability in 2004.
Samsung Electronics Co., Ltd., the world's largest provider of TFT-LCD display panels, announced to the U.S. market today the glass substrate for its new 7th generation TFT-LCD line located in Tangjung, Asan, Korea.
Samsung Corning has raised its stake in electronic component maker Shenzhen SEG Samsung Glass Co. (Q.SSK) to 35%, equal with the founding partner, according to a statement Monday.
Corning Inc., the world's largest maker of fiber-optic cable, said on Tuesday it will expand a liquid crystal display glass plant in Taiwan because of growing demand from the computer and television industries.
James Houghton returned from partial retirement on Monday to take the helm at Corning as the venerable glass company based in upstate New York continued its efforts to recover from a disastrous move into optical communications.
Nippon Sheet Glass Co . (J.NSG or 5202) Friday revised down its profit forecast for the year ended March 31 due to slimmer profits on its information technology products and poor earnings at subsidiaries.
Dow Corning Corp. expanded its thermally conductive product line with three dispensable thermal interface materials that are designed to protect and extend the life of electronics systems.
Dow Corning Corp, one of the world's biggest makers of silicone products, on Tuesday launched a new Internet trading platform for selling to bulk clients in a move it said would revolutionize the market.
Dow Corning silicones are used in many important ways. For example, they allow architects to build towering structures where sealants contribute to the mechanical strength of structurally glazed building faades.
Dow Corning Corp. reported 2001 net income of $41 million, down 74 percent from $158.8 million reported last year, excluding unusual items in both years.
U.S. silicone-based products maker Dow Corning Corp will build a plant in Malaysia this year as part of a pledge made in 1998 to invest two billion ringgit ($526 million) in the country, newspapers said on Tuesday.
TTF Aerospace, LLC has teamed up with InspecTech Aero Service, Inc. of Fort Lauderdale, FL to install bullet-resistant, anti forced-entry SPD windows into new, TTF-designed armored cockpit doors.