Topic: How To Invest

Hi Pat: Could I get your opinion of Corning? It seems to be overlooked in today’s market. Thanks.

Article Excerpt

Corning Inc., $17.85, symbol GLW on New York (Shares outstanding: 1.6 billion; Market cap: $27.9 billion), began making glass products in 1851. The company has a long history of innovation, including making glass bulbs for Thomas Edison’s first electric lights in 1879. In 1947, Corning became the first company to mass produce cathode-ray tubes for TV sets. Today, Corning makes advanced materials for a wide range of products at 60 plants in 13 countries. Asian customers account for about 60% of Corning’s sales. The company has five divisions: 1) Display Technologies, which accounted for 45% of Corning’s 2009 sales, makes liquid crystal display (LCD) glass panels for computer monitors and TV sets. The company has developed a manufacturing process that cuts down on flaws in larger panels. 2) Telecommunications (31% of 2009 sales) makes fibre-optic cables and related equipment for telephone and cable companies. 3) Environmental Technologies (11% of sales) makes materials and components for car-engine filters, including catalytic converters. These devices trap…