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Buoyed by LCD Sales, Corning Reports $646M Profit

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CORNING, N.Y., Jan. 25, 2007 -- Citing tremendous growth in glass sales for LCD TVs, Corning Inc. yesterday announced a fourth-quarter profit of $646 million, or 41 cents per share, and said the strong sales of its glass substrates would continue in 2007. "Our excellent fourth-quarter results capped an outstanding full-year performance for Corning," said Wendell P. Weeks, president and CEO, in a statement. "This was the fourth consecutive year that we recorded significant improvement in the company's profitability and we reached a new all-time record for net income and earnings per share." Corning, a maker of glass,...Read full article

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    Published: January 2007
    Glossary
    glass
    A noncrystalline, inorganic mixture of various metallic oxides fused by heating with glassifiers such as silica, or boric or phosphoric oxides. Common window or bottle glass is a mixture of soda, lime and sand, melted and cast, rolled or blown to shape. Most glasses are transparent in the visible spectrum and up to about 2.5 µm in the infrared, but some are opaque such as natural obsidian; these are, nevertheless, useful as mirror blanks. Traces of some elements such as cobalt, copper and...
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    CommunicationsCorningCorning Inc.display technologiesearningsEmploymentfiber opticsglassLCDNews & FeaturesphotonicsquartersalesSCPsubstratetelecommunicationstelevision

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