Corning: share price increases as LCD demand surges

Global leader in speciality glass and ceramics, Corning, has a current share price about 30% ahead of the market price – at USD 18.23.

Corning is a global leader in producing speciality glass and ceramics that are used in various technology-based applications. Its operations are split among five diversified business segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences.
Corning’s glass manufacturing operations date back to its founding in 1851, and, today, its Display Technologies segment, as well as its joint venture, Samsung Corning, manufacture glass substrates for active matrix liquid crystal displays (LCDs) that are used primarily in notebook computers, flat panel desktop monitors, and LCD televisions.
In the LCD market, Corning mainly competes with Asahi Glass, Nippon Electric Glass, and Avan Strate, Inc. Its competitors across other segments include Schott, Shin-Etsu Quartz Products, Carl Zeiss, Nikon, Denso, 3M Company and Tyco Electronics among others.
The share price is currently USD 18.23, a price estimate that is about 30% ahead of the market price.