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UBS says its checks indicate Corning's (GLW -1.6%). glass shipments are holding up well heading...

UBS says its checks indicate Corning's (GLW -1.6%). glass shipments are holding up well heading into the company's July 25 Q2 report. That leads the firm to reiterate a Buy and $18.50 PT. However, Corning is following the tech sector lower in the wake of hhgregg's warning, which arguably has negative implications for Corning's TV glass business.
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Comments (3)
  • chopchop0
    , contributor
    Comments (3873) | Send Message
     
    TVs are in a state of perpetual price declines. Gorilla glass is s a small silver lining for what is otherwise a dark cloud for GLW. Their biggest product literally collapses in price every year.
    11 Jul 2012, 02:51 PM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    Let's hope Corning can use their balance sheet to create some revenue.
    11 Jul 2012, 03:18 PM Reply Like
  • chris293
    , contributor
    Comments (210) | Send Message
     
    hhgregg's warning, a small? company in the south for 5 years giving out warning?????
    11 Jul 2012, 05:21 PM Reply Like
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