Corning CFO: Strong TV Growth in China

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July 31 (Bloomberg) -- Adam Johnson updates the latest news on Corning on Bloomberg Television's "Lunch Money." (Source: Bloomberg)

Helicopters -- it is all about innovative solutions and one innovative tradition is corning.

The cfo james flaws thanks the glass business can double thanks in part to china.

We have seen strong television growth in china helped with energy incentives from the chinese government.

We are getting good in automobiles with catalytic and murders in china -- converters in china.

Telephone business is flat in china.

Even though we know gdp is softening a little in china, our three segments have done well.

Research and development is key for a company like corning.

You have thousands of patents to your credit.

It is roughly 9% of sales.

Where'd you you see the research and development budget going over the next couple of years?

I think it will grow slightly, but at a lower rate then maybe it has the last couple of years.

We have moved it up quite a bit.

We will be generating some things out of that rmb -- research and development.

You hope to have the anti- reflective glass on some devices.

A lower rate then maybe it has the last couple of years.

We are getting more out of the research and develop met and we are delighted.

When i was visiting with ceo wendell weeks he showed me some of the new product and there i am throwing a baseball, trying to break the guerrilla grass.

That is unbelievable.

He clocked me at 70 miles an hour and i could not crack it.

They are talking about putting guerrilla grass in the car components.

Where does that stand right now -- glass in the car components.

Where does that stand right now?

We are trying to win our first car.

The car business does not change quickly.

We are engaged in potentially getting glass onto a car with three companies, and we are close.

We hope it provides -- we think

This text has been automatically generated. It may not be 100% accurate.

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