Company Profile For Corning Incorporated

Corning Incorporated (Corning is a global, technology-based company that operates in five business segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. Display Technologies segment manufactures glass substrates for use in liquid crystal flat panel displays. Telecommunications segment manufactures optical fiber and cable, and hardware and equipment components for the telecommunications industry. Environmental Technologies segment manufactures ceramic substrates and filters for automobile and diesel applications. Specialty Materials segment manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Life Sciences segment manufactures glass and plastic consumables for pharmaceutical and scientific applications. In September 2009, the Company acquired all the interest in Axygen BioScience, Inc. and its subsidiaries.

BRIEF: For the nine months ended 30 September 2009, Corning Incorporated's revenues decreased 21% to $3.86B. Net income decreased 75% to $1.27B. Revenues reflect decreased income from Display Technologies and lower revenue from Telecommunications segment. Net income also reflects decreased equity in earnings of affiliated companies, lower interest income, higher interest expenses and presence of Other-than-temporary impairment losses.