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News Breaks
February 7, 2014
09:30 EDTGLWCorning sees Optical Communications segment growing twice as fast in FY14
Clark S. Kinlin, executive vice president, said that optical solutions will continue driving profitable growth for Corning's Optical Communications segment. He noted that the scale and rate of bandwidth growth-driven by video, wireless data, and cloud computing - are straining data centers and networks. "Optical-based solutions provide the most cost-effective capacity and speed to alleviate pressures on the network," Kinlin explained. He highlighted industry studies that show global IP traffic growing at 23% per year through 2017, with mobile traffic the fastest-growing component. "Our solid foundation of optical components is providing our customers with the necessary integrated solutions for today's growing variety of network applications," he added. Kinlin said that the company expects its Optical Communications segment to grow twice as fast as the overall industry in 2014.
News For GLW From The Last 14 Days
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October 1, 2014
17:04 EDTGLWCourt affirms amended reorganization plan for Pittsburgh Corning Corporation
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17:03 EDTGLWPPG Industries' and Corning' Pittsburgh Corning reorganization plan reaffirmed
PPG Industries (PPG) announced that the U.S. District Court for the Western District of Pennsylvania issued a memorandum opinion and order on Sept. 30 affirming confirmation of the current Pittsburgh Corning plan of reorganization. PPG and Corning Incorporated (GLW) are each 50% shareholders of Pittsburgh Corning, which filed for Chapter 11 bankruptcy protection in 2000. Under the plan of reorganization, PPG and its participating insurers are to make their initial payments to the trust 30 business days after the plan becomes effective and all conditions to funding have been met.
September 26, 2014
07:34 EDTGLWKei Advisors to hold a conference
Western New York Investors Conference to be held in Buffalo, New York on September 26.

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