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Profile - Corning Incorporated (NYSE:GLW)
As of 31-Aug-2001
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Recent Events
Aug 30Price hit new 52-week low ($11.66)
Location
One Riverfront Plaza
Corning, NY 14831
Phone: (607) 974-9000
Fax: (607) 974-8091
Email: info@corning.com
Employees (last reported count): 40,300
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Communications Equipment
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Index Membership
 ·S&P 500
Ownership
·Insider and 5%+ Owners: 1%
·Over the last 6 months:
 · 2 insider buys; 40.0K shares (0.4% of insider shares)
 · one insider sell; 20.0K shares
  (0.2% of insider shares)
·Institutional: 56% (56% of float)
(1,735 institutions)
·Net Inst. Selling: 54.8M shares (+11.76%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
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

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

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
15.1M12M
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
Statistics at a Glance -- NYSE:GLWAs of 31-Aug-2001
Price and Volume
52-Week Low
on 30-Aug-2001
$11.66 
Recent Price$12.01 
52-Week High
on 1-Sep-2000
$113.333
Beta1.71 
Daily Volume (3-month avg)8.88M
Daily Volume (10-day avg)6.96M
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-89.4%
52-Week Change
relative to S&P500
-85.8%
Share-Related Items
Market Capitalization$11.2B
Shares Outstanding931.6M
Float922.3M
Dividends & Splits
Annual Dividend (indicated)$0.24 
Dividend Yield2.00%
Last Split: 3 for 1 on 4-Oct-2000
Per-Share Data
Book Value (mrq)$6.43 
Earnings (ttm)-$4.79 
Earnings (mrq)-$5.13 
Sales (ttm)$8.65 
Cash (mrq)$1.42 
Valuation Ratios
Price/Book (mrq)1.87 
Price/EarningsN/A 
Price/Sales (ttm)1.39 
Income Statements
Sales (ttm)$7.94B
EBITDA (ttm)-$3.74B
Income available to common (ttm)-$4.44B
Profitability
Profit Margin (ttm)-58.0%
Operating Margin (ttm)-54.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-32.22%
Return on Equity (ttm)-51.90%
Financial Strength
Current Ratio (mrq)2.15 
Debt/Equity (mrq)0.73 
Total Cash (mrq)$1.31B
Short Interest
As of 8-Aug-2001
Shares Short42.4M
Percent of Float4.6%
Shares Short
(Prior Month)
39.3M
Short Ratio6.55 
Daily Volume6.47M
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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