Corning Incorporated Gorilla Glass Being Used by ICONIA Tablet for Enhanced Touch Experience - NYSE:GLW

Date: 11 January 2011
Source: Corning Incorporated (Corning)
Corning Incorporated NYSE:GLW declared on 6th of January that its Gorilla® Glass has been designed into Acer’s ICONIA tablet computer which is equipped with the versatility of a 14-inch form factor with a unique dual-screen layout and highly spontaneous all-point touch functionality.

The ultra-thin Gorilla Glass works as a cover glass for Tablet’s dual multi-touch displays, and includes a full range of intuitive and easy-to-use features designed to fully utilize the devices’ multi-touch technology.

Corning Incorporated NYSE:GLW on January 07, 2010 decreased 0.26% with the closing price of $19.46. The overall volume in the last trading session was 20.24 million shares. Its fifty two week range was $15.45- $21.10. The total market capitalization remained $ 30.41 billion.

Corning Incorporated NYSE:GLW current month market trading activity remained positive as the volume gained positive points of growth as compared from the last months’ results. Having focused on the diversified business company effectively gathered investors’ attention and with surging buying trend the volume rose to 13.77 million shares on 3rd of January from the last year’s closing of 4.76 million shares.

Company’s stock price remained on a track of positive growth for over two months. During the month of November price experienced a downfall when it went down below $17.50 from a high of $19.00. Later on the position got better as price surged consistently and experienced a dynamic growth after it announced its agreement with Advinus Therapeutics for the provision of its Epic technology to India on 2nd of December. Recently, as latest development of this month, Corning announced on third of January that board has elected Mr. Wendell as company’s president and COO.

In the share capital GLW has 1.56 billion shares outstanding which all shares have been floated in market. GLW has last month share price volatility of 1.71% while its beta coefficient included 1.40. Beta coefficient is a measure of risk associated with trading. GLW stock price is going above its 20 days moving average with 1.67% and also remote positively from its 50 days moving average by 4.39%.

GLW current year earnings per share decreased with 61.41% and its quarter performance remained 6.22%. GLW stock price is moving below its 52 week high with 6.94% and going ahead its 52 week low with 26.55%. Company has its stock institutional ownership remained 0.20% while the insider ownership remained 79.33%.

Corning Incorporated (Corning) is a technology-based corporation that operates in five reportable business segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. Corning manufactures and processes products at approximately 60 plants in 13 countries. Its subsidiaries include Corning Cable Systems LLC, Corning Cable Systems Polska Sp. Z o.o, Axygen BioScience, Inc and Corsam Technologies LLC. In September 2009, Corning acquired Axygen BioScience, Inc. In October 2010, the Company acquired Plaslab S.A.S.

600450 Corning Incorporated Gorilla Glass Being Used by ICONIA Tablet for Enhanced Touch Experience - NYSE:GLW

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