| Business Summary | | Corning
Incorporated
is
a
global,
technology-based
company
that
operates
in
three
broadly
based
business
segments,
Telecommunications,
Advanced
Materials
and
Information
Display.
The
Telecommunications
Segment
produces
optical
fiber
and
cable,
optical
hardware
and
equipment,
photonic
modules
and
components
and
optical
networking
devices
for
the
worldwide
telecommunications
industry.
The
Advanced
Materials
Segment
manufactures
specialized
products
with
properties
for
customer
applications,
utilizing
glass,
glass
ceramic
and
polymer
technologies.
Businesses
within
this
segment
include
environmental
products,
life
science
products,
semiconductor
materials
and
optical
and
lighting
products.
The
Information
Display
Segment
manufactures
glass
panels
and
funnels
for
televisions
and
CRTs,
liquid
crystal
display
glass
for
flat
panel
displays
and
projection
video
lens
assemblies.
Corning
and
its
subsidiaries
manufacture
products
at
approximately
96
plants
in
18
countries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Corning
Inc.
is
a
global,
technology-based
corporation
which
operates
in
three
broadly
based
business
segments:
Telecommunications,
Advanced
Materials
and
Information
Display.
For
the
six
months
ended
6/30/01,
total
revenues
rose
21%
to
$3.79
billion.
Net
loss
totaled
$4.62
billion
vs.
an
income
of
$226
million.
Revenues
reflect
increased
demand
for
premium
fiber
and
cable
and
photonics
products.
Net
loss
reflects
the
inclusion
of
a
$4.77
billion
restructuring
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| James Houghton, 65 Chairman | -- | -- | John Loose, 59 Pres,
CEO, Director | $7.3M | $32M | James Flaws, 52 CFO,
Exec. VP, Director | -- | -- | Peter Volanakis, 45 Director,
Pres, Corning Technologies | -- | -- | Wendell Weeks, 41 Pres
of Corning Optical Communications, Director | 15.1M | 12M | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|