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Last $319.63 MXN
Change Today 0.00 / 0.00%
Volume 0.0
GLW* On Other Exchanges
New York
As of 4:09 PM 06/26/15 All times are local (Market data is delayed by at least 15 minutes).

corning inc (GLW*) Snapshot

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52 Week High
03/4/15 - $373.25
52 Week Low
10/16/14 - $237.80
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corning inc (GLW*) Details

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for active matrix liquid crystal displays (LCDs) that are used primarily in LCD televisions, notebook computers, and flat panel desktop monitors. The Optical Communications segment manufactures optical fiber and cable; and hardware and equipment products comprising cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. It also provides subscriber demarcation, connection, and protection devices; plant enclosures; and RF interconnects for the cable television industry. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary, and gasoline and diesel applications. The Specialty Materials segment manufactures products that provide approximately 150 material formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment develops, manufactures, and supplies scientific laboratory products, such as general labware and equipment, as well as specialty surfaces, media, and reagents for cell culture research, bioprocessing, genomics, drug discovery, microbiology, and chemistry. It also develops and produces various technologies, including the Corning HYPER platform of vessels for cell yields; Corning Microcarriers for cell scale-up, therapy, and vaccine applications; Corning CellBIND Surface, Matrigel, BioCoat, and Synthemax II surfaces; and Corning stemgro media. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is based in Corning, New York.

34,600 Employees
Last Reported Date: 02/13/15
Founded in 1851

corning inc (GLW*) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $1.3M
Vice Chairman, Chief Financial Officer, Membe...
Total Annual Compensation: $2.4M
President of Corning Glass Technologies
Total Annual Compensation: $641.7K
Senior Vice President and General Counsel
Total Annual Compensation: $1.0M
Chief Administrative Officer and Executive Vi...
Total Annual Compensation: $668.2K
Compensation as of Fiscal Year 2014.

corning inc (GLW*) Key Developments

Corning Incorporated Introduces EDGE8(TM) Solutions for Data Centers

Corning Incorporated announced its latest optical cabling innovation for data centers and storage area networks (SAN), EDGE8(TM) solutions. EDGE8 is the modular, tip-to-tip optical cabling system to feature an eight-fiber (Base-8) cabling design that maximizes per-rack-unit density for better network scalability and improved link performance. Driven by increasing adoption of cloud computing and a growing demand for streaming video, data centers and SANs are migrating to faster transmission speeds to find and send data back to consumers as quickly as possible. The company's EDGE8 is the most future-ready data center connectivity solution available for simple, efficient and cost-effective migration to transmission speeds up to 400 gigabits per second. EDGE8 solutions, with eight-fiber MTP(R) connectors, make it easy to match the fiber count in the backbone of data center networks and SANs with today's Base-8 Quad Small Form Factor Plugable transceivers. This capability results in 100% fiber utilization, streamlined 1:1 port mapping, and up to 50% reduction in link attenuation by eliminating the need for conversion modules. EDGE8 furthers the benefits of Base-8 design with pinned MTP trunks that enable simple patch cable deployment and optimized harness mapping, resulting in no unused fiber/connectors. EDGE8 modules also offer a 30% improvement in insertion loss, resulting in longer duplex link distances. EDGE8 is built on the foundation of company's family of EDGE(TM) solutions, currently deployed in over 50,000 data centers across 30 countries around the world. EDGE solutions help operators maximize every inch of valuable data-center real estate with optical cables so light and compact that just one cable can replace as many as 72 copper cables. Plus, all EDGE solutions are fiber-based, so they consume about one-fourth the power per port of copper, saving money, reducing heat, and decreasing overall carbon emissions for a smaller impact on the environment.

Gerresheimer AG and Corning Enter into 10-Year-Supply Agreement

Gerresheimer AG and Corning enter into a 10-year-supply agreement for borosilicate glass tubes that secures Gerresheimer's high demand for glass tubing.

Corning Incorporated Agrees to Form a Joint Venture with Gerresheimer AG

Corning Incorporated has agreed to form a joint venture with Gerresheimer AG to accelerate pharmaceutical glass packaging products. Under the transaction, Corning will hold a 75% stake in the joint venture, while the remaining 25% stake will be held by Gerresheimer. In addition, Corning has agreed to acquire the borosilicate glass tubing business of Gerresheimer for approximately EUR 196 million on a debt-free basis. Corning and Gerresheimer have also entered into a 10-year-supply agreement for borosilicate glass tubes. The joint venture will allow Gerresheimer to expand its product portfolio of tubular pharmaceutical packaging products.


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Price/Sales 2.6x
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