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Wednesday, March 26, 2014

Corning Inc- Price Target $22.25 $GLW

Corning Inc (NYSE:GLW)- Corning Incorporated (Corning) is a global, technology-based corporation. The Company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences.


Points to consider;
  • Deep porduct lines in both fiber optics and glass/screen products.
  • The thicker, less-durable Sapphire glass will not play as big of an impact of GLW as some would think.
  • This week, Intel started shipping a brand new class of ultra-fast fiber optic cables, co-developed with Corning. The so-called MXC connector sits at the end of a Corning-branded fiber bundle, containing up to 64 fiber-optic cables. Together, these bundles can deliver a bandwidth of 1.6 terabits per second in total, split between 32 incoming and 32 outgoing fibers.
  • The cables and connectors are comparable to good old Ethernet equipment in size, and Corning engineered the included ClearCurve fiber to handle tight bends and long cable runs without losing signal..
During the year ended December 31, 2011, Corning launched Corning Lotus Glass, an environmentally friendly, display glass developed to enable technologies, including organic light-emitting diode (OLED) displays and next generation liquid crystal displays (LCD). Corning Lotus Glass helps support the demanding manufacturing processes of both OLED and liquid crystal displays for portable devices, such as smart phones, tablets, and notebook computers. In March 2011, the Company acquired all outstanding shares from the shareholders of MobileAccess. In December 2011, it acquired Mediatech, Inc. In May 2013, the Company acquired Bargoa SA. Effective January 15, 2014, Corning Inc acquired the remaining 50.6% interest in Samsung Corning Precision Materials Co Ltd.