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News Breaks
November 27, 2012
08:03 EDTGLWCorning 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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November 19, 2015
08:32 EDTGLWCorning focusing on new end markets to expand growth, says Susquehanna
Susquehanna said Corning has recently focused on new end-market opportunities that could help provide growth as display matures. Although the firm noted the company is trying to find opportunities, they see only 6-8% accretion to 2017 earnings. Susquehanna reiterated its Positive rating and $22 price target on Corning shares.
November 17, 2015
07:56 EDTGLWUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link

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