Tuesday, September 11, 2007

Go Buy Corning Stock - Info from Standard & Poor's

S&P says demand for the company's LCD panels and fiber-optic gear will strengthen and rates the stock a strong buy


We contend that Corning (GLW; recent price, $24.71) is well-positioned to benefit from growing demand for both liquid-crystal display panels and fiber-optic telecommunications equipment. By our analysis, Corning's markets for LCD glass panels will remain strong, while the company's investments in facilities and its relationships with leading market share television manufacturers should yield higher sales.

We also forecast that fiber-optic sales to the telecommunications sector will strengthen over the next two years. We expect strong revenue and earnings-per-share gains in 2007 and 2008.

In our view, the shares are undervalued vs. those of peers and warrant a 5-STARS (strong buy) recommendation.

The telecommunications segment produces optical fiber and cable and hardware and equipment products for the worldwide telecommunications industry. A significant portion of Corning's optical fiber is sold to its own subsidiaries. The company's hardware and equipment products include cable assemblies, fiber-optic hardware, fiber-optic connectors, and optical components and couplers.

In April, 2007, Corning announced plans to reopen a portion of its Concord (N.C.) optical fiber manufacturing facility as a result of volume growth in the optical fiber market, which has been greater than 15% over the past two years. In July, 2007, the company announced plans to expand its optical fiber manufacturing facility in China based on continued growth in that country's optical fiber market. The expansion is expected to be completed in 2009.

3 comments:

Anonymous said...

Oi, achei seu blog pelo google está bem interessante gostei desse post. Gostaria de falar sobre o CresceNet. O CresceNet é um provedor de internet discada que remunera seus usuários pelo tempo conectado. Exatamente isso que você leu, estão pagando para você conectar. O provedor paga 20 centavos por hora de conexão discada com ligação local para mais de 2100 cidades do Brasil. O CresceNet tem um acelerador de conexão, que deixa sua conexão até 10 vezes mais rápida. Quem utiliza banda larga pode lucrar também, basta se cadastrar no CresceNet e quando for dormir conectar por discada, é possível pagar a ADSL só com o dinheiro da discada. Nos horários de minuto único o gasto com telefone é mínimo e a remuneração do CresceNet generosa. Se você quiser linkar o CresceNet(www.provedorcrescenet.com) no seu blog eu ficaria agradecido, até mais e sucesso. (If he will be possible add the CresceNet(www.provedorcrescenet.com) in your blogroll I thankful, bye friend).

Anonymous said...

Bonjorno, fiberopticnews.blogspot.com!
[url=http://cialisiall.pun.pl/ ]Vendita cialis generico[/url] [url=http://viagraradj.pun.pl/ ]Comprare viagra in Italia[/url] [url=http://cialisantr.pun.pl/ ]Acquistare cialis [/url] [url=http://viagrarier.pun.pl/ ]Comprare viagra [/url] [url=http://cialistagh.pun.pl/ ]Compra cialis in Italia[/url] [url=http://viagraenat.pun.pl/ ]Vendita viagra [/url]

Anonymous said...

Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!