ATLBob

Corning Retains Strong Balance Sheet & Market Position Despite Earnings Warning

I'm also long GLW and have been for some time.

Nothing material has changed within GLW: consumers will ultimately continue to purchase larger LCD TV's and notebook computers, fiber will continue to be installed, the environmental benefits of the ceramic technologies will eventually increase demand and profitability in that area, and innovations will come from the Life Sciences division. The recent drop in share price is Wall Street punishment for the earnings warning: typical myopic/short-term reaction that doesn't seem related to the long-term prospects of the Company. I'm using this weakness to add to my position and lower my cost-basis as I continue to believe in GLW for the long-term.