Voices

Corning to Cut Wholly Owned Glass Capacity 30-40 Percent

Corning will cut the production capacity of its glass business by 30-40 percent due to a lack of demand in the LCD television market. It wasn’t until after Labor Day that the decline reached the sector, though fears about the economy have been growing all year.

Voices

Corning Outlook Hit by Stronger Yen, Taiwan Slowdown

The sell-off in Corning (GLW) shares today reflects disappointment with the company’s third quarter revenue outlook. In an interview with Tech Trader Daily this morning, Corning CFO Jim Flaws says the lower-than-expected forecast reflects two underlying issues.