Recent

% | $
Quotes you view appear here for quick access.

Corning Inc. Message Board

  • SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Up to the top of the list where it belongs.

    • There are two potential "problems" I see with the CC, things that may cause a flight from the stock when it sinks in:
      1. The non-GAAP earnings (pro forma, taking out non recurring revenues and costs) for 4th quarter 2007 are only 5% higher than same for 4th quarter 2006.
      2. They make it a point to be totally silent about 2008 beyond the first quarter. Everyone expects demand for LCDs to be high in the first quarter due to the Super Bowl. The $64 question is how far is demand going to decline after 1st quarter as US slips into a potentially deep recession.

      • 2 Replies to siyeso1
      • siyeso1, you wrote, "There are two potential "problems" I see with the CC, things that may cause a flight from the stock when it sinks in:

        1. The non-GAAP earnings (pro forma, taking out non recurring revenues and costs) for 4th quarter 2007 are only 5% higher than same for 4th quarter 2006.
        2. They make it a point to be totally silent about 2008 beyond the first quarter. Everyone expects demand for LCDs to be high in the first quarter due to the Super Bowl. The $64 question is how far is demand going to decline after 1st quarter as US slips into a potentially deep recession."
        _______________________________

        Apparently you have misread the numbers. Non-GAAP earnings (pro forma, taking out non recurring revenues and costs) for 4th quarter 2007 were $.40. "This represents a 29% increase over fourth quarter EPS excluding specials of $0.31 a year ago."

        And they were not "silent about 2008 beyond the first quarter." While they did not give specific quarterly guidance beyond Q1 (and they never give guidance more than one quarter out), they made it clear that they will be INCREASING their previous estimate of a 25% increase in glass volume for 2008 and also reiterated that both glass and panels are expected to remain in tight supply.

        Cathi

 
GLW
18.19-0.49(-2.62%)Aug 3 4:01 PMEDT