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Corning Inc. (GLW)

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  • Apr. 24, 2013, 12:05 AM
    Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN
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  • Apr. 23, 2013, 5:30 PM
    Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN
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  • Apr. 12, 2013, 12:54 PM
    Though Samsung (SSNLF.PK) is the world's biggest memory maker and a top LCD maker, the growing needs of its phone/tablet ops are forcing it to turn to 3rd-party suppliers. Digitimes reports Samsung has stepped up its purchases of mobile DRAM chips from Elpida and NAND flash products from Toshiba, and that the electronics giant is also buying 5.8" LCD panels from Taiwanese suppliers for its phablets. The implications for memory/LCD demand and pricing are a positive for rivals MU, SNDK, AUO, and LPL, and perhaps also glassmaker GLW and NAND controller supplier SIMO.
    | 8 Comments
  • Mar. 21, 2013, 6:37 PM
    Sapphire glass will find its way into smartphone displays, GT Advanced (GTAT) insists. Sapphire, used in the iPhone 5's camera lens, is thinner and ~3x stronger/scratch-resistant than Gorilla Glass (GLW). But a sapphire display costs ~$30, whereas a Gorilla Glass display costs less than $3. GT is hoping its furnaces, which can be upgraded to support larger crystals at little cost, will narrow the gap to 3x-4x. Industry analyst Eric Virey, who thinks sapphire's cost could fall below $20 in a couple years, expects "some high-end smartphones using sapphire in 2013." (previous)
    | 20 Comments
  • Feb. 28, 2013, 12:48 PM
    Don't hold your breath for flexible gadgets based on Corning's (GLW) Willow Glass, suggests exec James Clappin. Given that customers "are not accustomed to glass you roll up," he thinks it will probably be 3 years or more before flexible Willow Glass displays arrive. However, simpler products, such as a thin film for touch panels and a flexible barrier for solar modules, are expected this year. The comments follow speculation an Apple iWatch will make use of Willow Glass. (Bargoa purchase)
    | 2 Comments
  • Feb. 27, 2013, 5:15 PM
    Corning (GLW) is buying Bargoa S.A., a Brazilian maker of telecom products that rely on thermo injection molding. The purchase complements Corning's optical fiber/telecom cable business. Terms are undisclosed. (PR)
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  • Feb. 10, 2013, 3:27 PM
    Apple (AAPL) is indeed thinking of selling an iWatch, both the NYT and WSJ report. Sources claim Apple is experimenting with iOS-based watches made of curved glass, and has discussed the matter with Foxconn. If an iWatch ever arrives, there's a good chance it will use Corning's (GLW) Willow Glass, which was created with bendable displays in mind. Former Apple UI designer Bruce Tognazzini recently predicted an iWatch will arrive, while providing a long list of apps/services it might support.
    | 102 Comments
  • Jan. 29, 2013, 9:22 AM
    More on Corning: Q4 LCD glass volumes were up in the high-single digits Q/Q, above raised guidance; sales were up 3% Y/Y. Price declines were higher than for Q3 (as expected), but are expected to moderate. Specialty Materials (SM) sales+10% Q/Q and +68% Y/Y thanks to Gorilla Glass demand. Telecom sales10% Y/Y, Environmental-6%, Life Sciences +29%. Q1 LCD glass volumes expected to be up Y/Y, but down in the mid-single digits Q/Q. Telecom expected to be up Y/Y in Q1, SM expected to fall Q/Q, but double-digit growth seen for 2013. GLW +1.4%. (PR)
    | 2 Comments
  • Jan. 29, 2013, 7:19 AM
    Corning (GLW): Q4 EPS of $0.34 beats by $0.01. Revenue of $2.15B beats by $0.08B.
    | 1 Comment
  • Jan. 29, 2013, 12:05 AM
    Notable earnings before Tuesday’s open: AKS, ARLP, ASH, BSX, BTU, CIT, CP, DHI, EDU, EMC, F, GLW, GNTX, HOG, HRS, HW, IP, ITW, JBLU, KLIC, LLY, LXK, NEE, NUE, PFE, PHG, PII, PNR, TROW, TUP, TYC, VLO, WRB, X
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  • Jan. 28, 2013, 5:30 PM
    Notable earnings before Tuesday’s open: AKS, ARLP, ASH, BSX, BTU, CIT, CP, DHI, EDU, EMC, F, GLW, GNTX, HOG, HRS, HW, IP, ITW, JBLU, KLIC, LLY, LXK, NEE, NUE, PFE, PHG, PII, PNR, TROW, TUP, TYC, VLO, WRB, X
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  • Jan. 11, 2013, 11:01 AM
    Corning (GLW -3.5%) heads south following a downgrade to Neutral from Goldman. The firm argues the catalysts that drove its September upgrade - improving LCD industry fundamentals and capital allocation moves - are mostly played out in the wake of Corning's Q3 beat and Q4 pre-announcement. Moreover, it sees forex and a Q1 LCD inventory correction producing downside to estimates. Corning closed yesterday right around where it was when Goldman made its upgrade.
    | 7 Comments
  • Jan. 8, 2013, 6:15 PM
    Goldman Sachs' 23 best stocks for fat dividends and big buybacks: AIZ, UFS, VR, CCE, WYN, HFC, LOW, AMP, MPC, NSC, AXS, FITB, AMAT, PFE, JPM, DELL, RSG, PRU, BLK, CSX, GLW, TRV, CMCSA.
    | 17 Comments
  • Jan. 3, 2013, 5:45 PM
    Less than a year after commencing shipments of Gorilla Glass 2, Corning (GLW) is set to unveil its successor at CES. The company boasts Gorilla Glass 3 will offer a 3x improvement in scratch resistance and a 40% decrease in visible scratches relative to its predecessor, as well as 50% more retained strength once the glass becomes flawed. Corning needs ongoing glass innovations to both stay ahead of rivals such as Dragontrail glass vendor Asahi, and to bolster its margins and ASPs at a time when industry volume growth is soft.
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  • Dec. 13, 2012, 1:42 PM
    AU Optronics (AUO +7.9%) is posting huge gains, apparently thanks to favorable comments from rival LCD supplier Chimei Innolux. Chimei says it expects 2013 sales to rise 10%, welcome news for an industry hit hard in 2012 by slumping TV demand. AU's gains come in spite of a Digitimes report claiming the company's capacity will drop 7% this month due to a "high voltage circuit drop" at a Taiwanese facility. LCD glassmaker Corning (GLW +0.7%) is outperforming, but LG Display (LPL -1.6%) isn't.
    | 3 Comments
  • Dec. 4, 2012, 12:20 PM
    Windows (MSFT) notebook unit sales fell 10% Y/Y on Black Friday, claims NPD, which recently estimated a 24% Y/Y drop for the first month of Windows 8 sales. Windows 8 gear made up 89% of notebook sales and sported an ASP of just $368; touchscreen devices made up only 3% of sales. Mac (AAPL) sales were flat Y/Y while Android (GOOG) tablets saw a 177% increase, though their ASP plunged to $151 from $219 (no doubt thanks to the Kindle Fire/Nexus 7). TV units rose 4%, but revenue fell 6% thanks to falling ASPs. Total consumer electronics sales fell 5.6%.
    | 16 Comments
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Company Description
Corning Inc is engaged in manufacturing of specialty glass and ceramics. The Company's segments are Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences.