Corning Incorporated
Industry: Communications Equipment

Corning Incorporated is a global, technology-based corporation that operates in two reportable business segments, Telecommunications and Technologies. The Telecommunications Segment primarily produces optical fiber and cable, optical hardware and equipment, photonic modules and components and optical networking devices for the worldwide telecommunications industry. The Technologies Segment manufactures specialized products with properties for customer applications utilizing glass, glass ceramic and polymer technologies.

Business Summary
Corning Incorporated (Corning) is a global, technology-based corporation that operates in four business segments: Display Technologies, Telecommunications, Environmental Technologies and Life Sciences. Corning's Display Technologies segment manufactures glass substrates for active matrix liquid crystal displays (LCDs). The Telecommunications segment produces optical fiber and cable, and hardware and equipment products for the worldwide telecommunications industry. Corning's environmental products include ceramic technologies and solutions for emissions and pollution control in mobile and stationary applications around the world. Life Sciences laboratory products include microplate products, coated slides, filter plates for genomics sample preparation, plastic cell culture dishes, flasks, cryogenic vials, roller bottles, mass cell culture products, liquid handling instruments, Pyrex glass beakers, pipettors, serological pipettes, centrifuge tubes and laboratory filtration products.

Financial Summary
Corning Inc. is a global, technology-based Corp. that operates in two broadly based business segments: Telecommunications and Technologies. For the 6 months ended 6/30/05, revenues rose 21% to $2.19B. Net income from cont. ops. totaled $414M, up from $163M. Results reflect the continued growth in the Display Technologies segment, decreased loss on retirement of debt, and lower interest expenses.