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Home > Company Index > Telecommunications > Switching & Transmission Equipment > Corning Incorporated

Corning Incorporated
NYSE: GLW
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 NEWS FROM THE WIRES
Corning adds Russian optical-fiber to holdings abroad
Aug 23 2001 12:20 PM PDT

Eurostocks in tech, telco slump as Wall St fades
Aug 16 2001 06:52 AM PDT

Eurostocks in tech, telco slump as Wall St fades
Aug 16 2001 06:52 AM PDT

Hot stocks highlights - Aug. 16
Aug 16 2001 06:51 AM PDT

Hot stocks highlights - Aug. 16
Aug 16 2001 06:51 AM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
Stocks Drop as GDP Dips
Aug 29 2001 02:04 PM PDT

Market Punishes Ciena for Profit Warning
Aug 16 2001 04:14 PM PDT

Tech Left in the Dust
Aug 14 2001 02:27 PM PDT

Blue Chips to the Rescue
Aug 10 2001 02:24 PM PDT

Market Download: Summer Gloom
Jul 30 2001 12:00 AM PDT

 PROFILE
Corning is the torchbearer for fiber optics. Once known primarily for its kitchenware and lab products, the materials pioneer is the world's top maker of fiber-optic cable (ahead of Lucent), which it invented more than 20 years ago. Corning's growing telecommunications unit (about 70% of sales) makes optical fiber and cable and photonic components. The company's advanced materials unit makes industrial and scientific products, including emission controls and semiconductor materials. Its information display segment makes glass products for televisions, VCRs, and flat-panel displays. Corning's joint ventures include beleaguered breast implant maker Dow Corning. About half of sales are made outside of the US.

 COMPETITION
Alcatel (ALA)
Lucent Technologies Inc. (LU)
Pirelli S.p.A. (PIREY)

 DEALS
Deal: Lucent Sells China-Based Optical Fiber Businesses
Date Announced: 07.24.01
Value of transaction (US $Mil): 225
Description: Corning pays $225 million cash for Lucent's joint ventures in China: Lucent Technologies Shanghai Fiber Optic Co. and Lucent Technologies Beijing Fiber Optic Cable Co.

Search all deals for this company

 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 7,127.10
1-Yr. Sales Growth: 65.9%
Employees: 40,300
Revenue per employee: $176,851.12

 KEY PEOPLE
• John W. Loose
    CEO
• James B. Flaws
    CFO

 CONTACT INFO
1Riverfront Plaza
Corning, NY 14831
US
Phone: 607-974-9000
Fax: 607-974-8091
Online: Web Site

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