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News Breaks | | | | November 27, 2012 | | 08:03 EDT |  | GLW | Corning now sees glass market volume up in low single digits in Q4
Prior forecast was down low to mid single digits. “As a result,” SVP and Corporate Controller Tony Tripeny will say, “Corning’s total LCD glass volume at its wholly owned business and Samsung Corning Precision Materials Co., Ltd., should be up in the mid-single digits sequentially.” Tripeny will explain that North American TV sales are stronger than the company expected in the fourth quarter, the Chinese market continues to experience good demand, and the supply chain is preparing for the upcoming Chinese New Year holiday. He will reaffirm that Corning expects LCD glass price declines in the fourth quarter to be slightly higher than those in the third quarter, a result of the company’s new agreements with key customers. Looking forward, Tripeny will tell investors, “We expect our share of the LCD glass market to remain stable at quarter four levels as a result of the long-term supply agreements we entered into last quarter, and we anticipate price declines will be moderate in the first quarter.” | |
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News For GLW From The Last 14 Days Check below for free stories on GLW the last two weeks. |
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| May 17, 2013 | | 09:30 EDT | | GLW | PPG says court issues opinion on Pittsburgh Corning reorganization
 Subscribe for More Information | | | May 14, 2013 | | 07:20 EDT |  | GLW | JPMorgan to host a conference
Subscribe for More Information | | | May 13, 2013 | | 10:09 EDT |  | GLW | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 07:31 EDT | | GLW | Corning upgraded to Equal Weight from Underweight at Morgan Stanley
Subscribe for More Information | | | 06:21 EDT | | GLW | Corning upgraded to Overweight from Equal Weight at Barclays
Subscribe for More Information | | | May 9, 2013 | | 05:50 EDT |  | GLW | Samsung using its own parts to cut costs, WSJ reports
Samsung Electronics's (SSNLF) newsest smartphone, the Galaxy S 4, takes advantage of its chip- and display-manufacturing prowess to get its material costs closer to Apple's (AAPL) costs for the iPhone 5, reports the Wall Street Journal. Reference Link | |
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