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05:55 EDTGLW
theflyonthewall.com: Corning's CFO sold 100,000 shares, Barron's reports
Corning's (GLW) vice chairman and CFO, James B. Flaws, sold 100,000 shares for $15.75 each on Nov. 9. After the sale, he owned 2,175,507 shares directly, indirectly and through exercisable options, a stake representing less than 1% of the company's outstanding shares. A Corning spokesman says the sale was just a normal part of managing Flaws' portfolio. He says Flaws has a long history of maintaining a portfolio of about the number of shares he currently holds. Corning also has a small stock-selling window, beginning four days after its quarterly earnings announcement. Three senior vice presidents -- Pamela C. Schneider, Lawrence D. McRae and Vincent P. Hatton -- have all sold smaller amounts since Corning's Q3 earnings report. Ben Silverman, director of research at InsiderScore.com, said the three other sales at Corning are not concerning, but Flaws' sale is a red flag. "His sale represents a 'radical reversal of sentiment,'" noted Silverman. "Flaws is a Corning lifer and a well-respected financial officer, thus we're surprised to see him sell so soon after buying stock". Silverman also pointed out that Flaws has a substantial group of options set to expire over the next year. These were awarded before the telecom bubble burst and will likely expire worthless. "As such, Flaws' 'perceived equity' in Corning will drop dramatically over the next year," said Silverman. Reference Link :theflyonthewall.com



News For GLW From The Last 14 Days
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February 8, 2010
13:10 EDTGLW
theflyonthewall.com: Philips bets on shift in lighting market to LED, Reuters reports

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09:28 EDTGLW
theflyonthewall.com: Corning removed from short-term buy list at Deutsche Bank
:theflyonthewall.com

February 5, 2010
14:19 EDTGLW
theflyonthewall.com: Corning shares defended at UBS
:theflyonthewall.com
09:27 EDTGLW
theflyonthewall.com: Pre-market top 5 losers
The following stocks were the top percentage losers before the open on solid volume of at least 50,000 shares, trading at over $10. PFWD (22.6%), AIXG (4.5%), CIEN (2%), GOLD (1.6%), GLW (1.3%). :theflyonthewall.com
08:04 EDTGLW
theflyonthewall.com: Corning sees FY10 revenue up 10%

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07:38 EDTGLW
theflyonthewall.com: Corning to host investor meeting

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February 4, 2010
15:39 EDTGLW
theflyonthewall.com: Corning CEO Flaws says company to raise expectations for LDC shipments
Corning CEO Flaws says company to raise expectations for LDC shipments at investor meeting tomorrow, reports Bloomberg :theflyonthewall.com

February 3, 2010
08:34 EDTGLW
theflyonthewall.com: Dow Corning reports Q4 non-GAAP profit $211.3M

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January 26, 2010
09:40 EDTGLW
theflyonthewall.com: Corning says glass market to be up in Q1 vs. original expectations
On the Q4 earnings conference call, Corning (GLW) said it expects glass market to be up in Q1 versus original expectations of slightly lower seasonal demand. The company also expects a strong year in 2010 for LCD TV sales. In addition, the company said it has seen television panel makers increasing their inventories in Q1. The company expects its margins to increase in Q1 over Q4. Glass volume is expected to be up 8%-12% sequentially in Q1, and SCP glass volume will be flat to up slightly quarter to quarter. Corning expects 70% of the LCD television growth this year will come from China and other developing regions. :theflyonthewall.com
07:42 EDTGLW
theflyonthewall.com: Corning sees Q1 telecommunications business segment sequential sales to be down
The company anticipates its first-quarter Telecommunications business segment sequential sales to be down 10% to 15% due to lower private network and fiber demand in China. :theflyonthewall.com
07:41 EDTGLW
theflyonthewall.com: Corning's wholly owned business is expected to see a quarterly volume increases
The company’s wholly owned business is expected to see a quarterly volume increase of 8% to 12% sequentially, while SCP sequential volume should be flat to up slightly in the first quarter. Corning expects moderate price declines in the quarter at its wholly owned business and SCP. :theflyonthewall.com
07:39 EDTGLW
theflyonthewall.com: Corning expects display glass market to be up in Q1

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07:37 EDTGLW
theflyonthewall.com: Corning: Display Technology sales were up 84% YoY in Q4

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07:36 EDTGLW
theflyonthewall.com: Corning is pleased by the continued strength of telecom sales in China

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07:17 EDTGLW
theflyonthewall.com: Corning CFO: Company has strong momentum heading into 2010

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07:14 EDTGLW
theflyonthewall.com: Corning:Display Technologies combined LCD glass volume increased 18% YoY

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06:59 EDTGLW
theflyonthewall.com: Corning reports Q4 EPS ex-items 44c vs. consensus of 42c

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06:57 EDTGLW
theflyonthewall.com: Corning reports Q4 EPS ex-items 44c vs. consensus of 42c

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