Corning Outlines Growth Businesses
Feb 26,2007
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Growing demand for liquid crystal display (LCD) television, increased regulatory requirements for reduced diesel engine emissions and expanding broadband capabilities are critical drivers of Corning Incorporated’s (NYSE: GLW) long-term growth strategy, Wendell P. Weeks, president and chief executive officer, will tell investors today.
Weeks and other senior executives will present Corning’s view on the markets it serves at the company’s annual investor relations meeting to be held at the Mandarin Oriental Hotel in New York City beginning at 9 a.m. today. The presentations will also be broadcast live via the company’s Web site.
In his opening remarks Weeks will say, “Last year at this meeting I said that 2006 would be a year of execution and a year that would tell us a lot about our business strategy. I think that our record performance for net income and earnings per share last year and progress in our key growth businesses demonstrates that we succeeded.”
“As we look forward to 2007 and beyond,” Weeks will say, “The future of Corning appears bright. We are committed to maintaining our global leadership in LCD glass, gaining the majority share of the emerging heavy-duty diesel emissions control market opportunity, and capturing the growth which is returning to the telecommunications industry. Our goal is to deliver another year of growth to our shareholders.”
“Corning also has some very exciting growth opportunities well beyond those of 2007,” Weeks will add. “We are pleased to be able to share with you today just a few of the many new technologies in development in our very robust innovation pipeline.”
Weeks and other senior executives will present Corning’s view on the markets it serves at the company’s annual investor relations meeting to be held at the Mandarin Oriental Hotel in New York City beginning at 9 a.m. today. The presentations will also be broadcast live via the company’s Web site.
In his opening remarks Weeks will say, “Last year at this meeting I said that 2006 would be a year of execution and a year that would tell us a lot about our business strategy. I think that our record performance for net income and earnings per share last year and progress in our key growth businesses demonstrates that we succeeded.”
“As we look forward to 2007 and beyond,” Weeks will say, “The future of Corning appears bright. We are committed to maintaining our global leadership in LCD glass, gaining the majority share of the emerging heavy-duty diesel emissions control market opportunity, and capturing the growth which is returning to the telecommunications industry. Our goal is to deliver another year of growth to our shareholders.”
“Corning also has some very exciting growth opportunities well beyond those of 2007,” Weeks will add. “We are pleased to be able to share with you today just a few of the many new technologies in development in our very robust innovation pipeline.”
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