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Corning, Incorporated (GLW)

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Wendell P. Weeks , CEO/Director/Chairman of the Board

www.corning.com

Industry: Telecomm

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Overview

A global, technology-based corporation which operates in four reportable business segments: Display Technologies, Telecommunications, Environmental Technologies and Life Sciences.

Press Releases

Corning CFO to Address Maxim Group Growth Conference Oct-07-2008, 08:45AM EDT
Beacon Equity Issues Technical Trade Alerts on Communications Stocks: MOT, QCOM, NOK, DTV, GLW, VZ Oct-06-2008, 09:20AM EDT
Corning and DSM Announce Successful Pilot Operation of Industrial-Scale Microreactor for cGMP Pharmaceutical Production Oct-01-2008, 04:01PM EDT
Corning Declares Quarterly Dividend Oct-01-2008, 11:17AM EDT
Seven Summits Research Releases Comments on RIMM, SLB, GLW, MRVL, and ESRX Sep-26-2008, 10:30AM EDT

News From Around the Web

News

H.S. Football Scores - Week 6 (NY); Week 7 (PA) (NBC 18 Elmira (WETM))

Oct 12 2008
College report /News and notes (Buffalo News)

Oct 12 2008
Millennium Pipeline project slips further behind schedule (Press & Sun Bulletin, Binghamton)

Oct 11 2008
Crack Cocaine Raid In Corning (NBC 18 Elmira (WETM))

Oct 11 2008
Scenery and wine in NY's Finger Lakes region (Yahoo! News)

Oct 10 2008
Inside Out: Capitol Hill Aides Run for Congress (CQ Politics)

Oct 09 2008
Outlook roundup: Alaska Air, Corning (Boston Globe)

Oct 07 2008
Corning maintains 3rd - quarter guidance, but CFO says uncertainty ahead, reduces spending plans (Canadian Business Online)

Oct 07 2008
Corning Outlines Slower Growth Expectations (GLW) (24/7 Wall St.)

Oct 07 2008

Employees

Number of Employees: 24,800

Revenue per Employee: $230,490

Top Executives

Vincent P. Hatton, General Counsel/Senior VP

Mark S. Rogus, Senior VP/Treasurer

James B. Flaws, CFO/Vice Chairman/Director

Lawrence D. McRae, Divisional Senior VP

William D. Eggers, Senior VP/General Counsel

Peter F. Volanakis, COO/Director/President

Kirk P. Gregg, Executive VP/Chief Administrative Officer

Pamela C. Schneider, Senior VP/Other Executive Officer

Eric S. Musser, General Manager, Divisional/Vice President

Dr.Joseph A. Miller, Jr., Executive VP/Chief Technology Officer

Jane D. Poulin, Divisional Vice President/Chief Accounting Officer

Larry Aiello, Jr., CEO, Subsidiary/President, Subsidiary

John M. Hennessy, Other Corporate Officer

James R. Houghton, Director/Other Corporate Officer

Robert B. Brown, Divisional Executive VP

R. Tony Tripeny, Vice President/Controller

Katherine A. Asbeck, Divisional Senior VP

Board of Directors

William D. Smithburg, Director

Mark S. Rogus, Senior VP/Treasurer

James B. Flaws, CFO/Vice Chairman/Director

Robert F. Cummings, Jr., Director

John Seely Brown, Director

Peter F. Volanakis, COO/Director/President

Dr. Jeremy R. Knowles, Director

Dr. H. Onno Ruding, Director

Eugene C. Sit, Director

James J. O'Connor, Director

Gordon Gund, Director

Dr.Deborah D. Rieman,Ph.D., Director

Hansel E. Tookes, II, Director

John M. Hennessy, Other Corporate Officer

James R. Houghton, Director/Other Corporate Officer

Kurt M. Landgraf, Director

Padmasree Warrior, Director

Financials

Quarterly

Annual

Income Statement	07/2008	04/2008	02/2008	10/2007
Sales	678 Mil.	616 Mil.	674 Mil.	664 Mil.
Gross Operating Profit	1.01 Bil.	1 Bil.	908 Mil.	889 Mil.
Operating Income before D & A (EBITDA)	591 Mil.	608 Mil.	498 Mil.	532 Mil.
Total Income Before Interest Expenses (EBIT)	838 Mil.	1.11 Bil.	677 Mil.	705 Mil.
Total Net Income	3.21 Bil.	1.03 Bil.	717 Mil.	617 Mil.
Basic EPS, Total	2.05	0.66	0.46	0.39
Diluted EPS, Total	2.01	0.64	0.45	0.38

BALANCE STATEMENT	07/2008	04/2008	02/2008	10/2007
Cash and Equivalents	2.18 Bil.	2.12 Bil.	2.22 Bil.	1.88 Bil.
Total Assets	5.65 Bil.	5.34 Bil.	5.29 Bil.	5.13 Bil.
Total Liabilities	1.96 Bil.	1.86 Bil.	2.51 Bil.	2.26 Bil.
Total Capitalization	15.16 Bil.	12.24 Bil.	11.01 Bil.	10.26 Bil.

Cash Flow	07/2008	04/2008	02/2008	10/2007
Net Cash From Continuing Operations	985 Mil.	295 Mil.	2.08 Bil.	1.34 Bil.
Net Cash From Investing Activities	-916 Mil.	-375 Mil.	-561 Mil.	-326 Mil.
Net Cash From Financing Activities	-206 Mil.	-129 Mil.	-539 Mil.	-356 Mil.
Net Change in Cash & Cash Equivalents	-41 Mil.	-92 Mil.	1.06 Bil.	721 Mil.

Income Statement	2008	2007	2006	2005
Sales	2.51 Bil.	2.31 Bil.	2.1 Bil.	1.95 Bil.
Gross Operating Profit	3.35 Bil.	2.86 Bil.	2.48 Bil.	1.9 Bil.
Operating Income before D & A (EBITDA)	1.87 Bil.	1.49 Bil.	1.28 Bil.	892 Mil.
Total Income Before Interest Expenses (EBIT)	2.32 Bil.	2 Bil.	1.29 Bil.	-996 Mil.
Total Net Income	2.15 Bil.	1.86 Bil.	585 Mil.	-2.16 Bil.
Basic EPS, Total	1.37	1.2	0.4	-1.56
Diluted EPS, Total	1.34	1.16	0.38	-1.56

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	2.22 Bil.	1.16 Bil.	1.34 Bil.	1.01 Bil.
Total Assets	5.29 Bil.	4.8 Bil.	3.86 Bil.	3.28 Bil.
Total Liabilities	2.51 Bil.	2.32 Bil.	2.22 Bil.	2.34 Bil.
Total Capitalization	11.01 Bil.	8.94 Bil.	7.4 Bil.	6.03 Bil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	2.08 Bil.	1.8 Bil.	1.94 Bil.	1.01 Bil.
Net Cash From Investing Activities	-561 Mil.	-2.18 Bil.	-1.71 Bil.	-992 Mil.
Net Cash From Financing Activities	-539 Mil.	180 Mil.	147 Mil.	265 Mil.
Net Change in Cash & Cash Equivalents	1.06 Bil.	-185 Mil.	333 Mil.	321 Mil.

Corning, Incorporated (GLW)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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