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NEWS TAGGED CORNING
Wednesday 10 June 2009
Display Taiwan 2009: Global glass market to increase 5-10% in 2009, says Corning
Corning Display Technologies Taiwan (CDTT) president Alan Eusden, speaking at Display Taiwan 2009 that kicked of today, updated Corning's outlook for 2009, indicating that the LCD...
Monday 1 June 2009
Corning raises 2Q09 LCD volume expectations, says CEO
Stronger-than-expected demand for LCD glass has caused Corning to raise its expectation for second-quarter sequential volume growth, according to company chairman and CEO, Wendell...
Wednesday 20 May 2009
Supply of 5G, 6G glass substrates 20% short of demand
Supply of 5G and 6G glass substrates is 20% short of demand as Taiwan LCD panel makers have begun to take deliveries ahead of schedule amid concerns about component shortage in the...
Tuesday 5 May 2009
Corning and Microvision announce agreement for supply of green lasers for microprojectors
Corning and Microvision have announced that the companies have entered into a supply agreement under which Corning will supply its G-1000 green lasers to Microvision, as a key component...
Monday 4 May 2009
Corning CEO describes 2008 as a year with 'split personality'
Corning chairman and CEO Wendell P Weeks has described 2008 as a year with a "split personality," as he recalled how the company was heading towards record-breaking performance...
Tuesday 28 April 2009
Corning 1Q09 sales down, but expects strong LCD glass demand in 2Q09
Corning has announced that revenues for the first quarter of 2009 declined 9% sequentially to US$989 million, but it expects that continued strengthen in the LCD TV market will boost...
Friday 20 March 2009
AUO is optimistic for 2009 outlook
LJ Chen, president and CEO of AU Optronics (AUO), has struck an optimistic note about the LCD panel market in 2009, saying the industry does not need to be pessimistic because of...
Friday 20 March 2009
Corning more upbeat about 1Q09
Encouraging data from panel makers and LCD TV retail sales indicate that the display supply chain is performing as predicted, according to Corning. As a result, the company has been...
Tuesday 3 March 2009
Corning optimistic about LCD market
Corning has expressed optimism for the LCD market, as it has seen encouraging signs in strong LCD TV sales, healthy inventories and stable prices.
Monday 9 February 2009
Corning prepared for prolonged recession, but expects LCD demand recovery starting in 2Q09
Hard hit by slowing global economies, Corning is prepared for a prolonged recession, "but well positioned in key growth markets to take advantage of opportunities when the economy...
Wednesday 10 December 2008
Corning notes LCD glass oversupply, prices to drop more than usual in 1Q09
Although noting the recent strength of LCD TV unit sales in the retail channel, LCD glass maker Corning admitted the LCD supply chain is still correcting for excess inventory. According...
Friday 21 November 2008
Corning to lay off 200 contract workers worldwide and 85 employees in Kentucky
Corning has denied speculation that it would lay off salaried employees in Taiwan. But the glass substrate supplier has revealed that it plans to discontinue about 200 contract workers...
Wednesday 19 November 2008
Corning withdraws 4Q08 and 2009 guidance
Citing declining LCD glass demand, Corning has announced that it will withdraw its previously disclosed financial guidance for the fourth quarter of 2008 and the entire 2009.
Thursday 30 October 2008
Corning expects profits and LCD glass shipments to drop in 4Q08
Corning has reported a slight sequential increase in its LCD glass shipments and a sharp sequential decline in overall profits for the third quarter, and it expects LCD glass shipments...
Wednesday 8 October 2008
Corning to delay construction at Taichung facility, cuts 2009 capex
Noting what he called current economic turbulence, Corning vice chairman and CFO James B Flaws indicated that the LCD glass maker is widening its estimates on the lower-end for 2009...