2 posts and columns on James Flaws

Voices

Corning: LCD Demand Crumbling; Guidance Too High

in News on November 18, 2008 at 7:23 am PT

Things keep getting worse for Corning, as demand for large-screen LCD televisions sags in the face of a global consumer recession. The LCD glass maker this morning said it is now withdrawing the financial guidance it provided just a few weeks ago for the fourth quarter and for 2009. In a statement, CFO James Flaws said that “Panel makers, particularly those in Taiwan, have continued to reduce the utilization of their factories heading into the second half of this quarter in response to weakened retail demand for LCD televisions and desktop monitors.”

Voices

Corning: Q3 Glass Shipments Short of Expectations

in News on October 7, 2008 at 12:39 pm PT

The troubles are deepening at LCD glass maker Corning (GLW). This morning, Corning CFO James Flaws said in a statement that third-quarter glass shipments grew 2 percent sequentially, which was lower than expected. Corning said volume was was up 12 percent at Samsung Corning joint venture, but down 10 percent at the wholly-owned business.