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Corning Inc. Message Board

  • corvettegirl11758 corvettegirl11758 Jun 19, 2008 3:06 PM Flag

    Corning Inc. CEO: Company Going Strong

    Corning Inc. CEO: Company Going Strong
    Reported by: Staci-Lyn Honda
    Last Update: 6/18 7:50 pm

    (2008) CORNING—

    Even with the sluggish economy, Corning Incorporated C.E.O, Wendell Weeks says he expects the LCD glass market to grow by 25 to 30 percent this year, because of demand. Last quarter, the company's profits more than tripled. The driving force behind that: LCD sales. Weeks hopes to make this year the sixth straight year of improvement for the company.

    "We're facing some economic uncertainty now so we remain focused on executing our operating program and living our values so we can deliver,” said Corning Incorporated C.E.O, Wendell Weeks.

    Weeks told Corning retirees Wednesday that the company has seen a drop in their clean diesel sale products. But he still expects that sector to see growth by the end of the year.

    Corning’s second quarter earnings will be released in August. Wednesday the stock dropped almost 50 cents, closing at 21 dollars 19 cents.

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