A Glass Act on the Cheap

Date: 15 November 2011
Source: http://online.barrons.com
Corning's wares have become the face of consumer electronics, from TVs to tablets. But its shares have practically dropped from sight.

Why they could do smashingly well.

Shattered by falling sales of televisions and personal computers, shares of specialty-glass maker Corning have dropped 20% since the start of the year, and now trade at levels last seen during the height of the worldwide financial crisis in late 2008 and 2009.

Then as now, the makers of flat panels, to which Corning supplies glass, drastically cut back on inventories and reduced production levels at their plants in response to an uncertain economic environment that has hindered consumer spending and hurt pricing. The flat-panel makers are taking their cue from the television makers.

Corning shares (ticker: GLW) performed well through the early part of this year, much as a bullish piece in Barron's last December predicted ("Corning's Winning App for the iPad," Dec. 13, 2010). But euro-zone financial woes, fears of a double-dip recession and the protracted budgetary stalemate in Washington this past summer have undermined business and sent the stock tumbling from a first-quarter high. A revival could now be in order.

Read more: online.barrons.com/

600450 A Glass Act on the Cheap glassonweb.com
Date: 15 November 2011
Source: http://online.barrons.com

See more news about:

Others also read

Joint study by Corning and Ford showcases the benefits of using Gorilla Glass for Automotive in windshield applications.   Random stones are one of the biggest reasons windshields need replacing.
Corning hosts second Glass Summit to inspire new thinking about emerging applications for glass.   Glass experts from Corning, academia, funding agencies, and other facets of the industry meet and discuss the future direction of glass science around the globe.
Iris™ Glass earns honors for enabling thinner displays with low-color shift - Corning Incorporated’s light-guide plate solution, Iris™ Glass, has received a 2016 Display Component of the Year award from the Society for Information Display (SID).
Corning Incorporated today announced the results of a recently delivered joint research paper with the Ford Motor Company about the damage resistance of thin, lightweight glass for automotive windshields.
Corning’s specialty glass is finding myriad new applications in industries such as retail  Corning first introduced its vision for advanced glass technologies back in 2011 with its “A Day Made of Glass” video series.
Glass Performance Days (GPD) will present a Learning Event entitled "The Art of Modern Glass Architectural Applications" on Thursday 10th March, in co-operation with The Glass Innovation Institute and alongside the Glass Window and Door Expo in Istanbul, Turkey.

Add new comment