Corning makes specialty glass and ceramics that are used in everything from flat-screen TVs to optical fiber to biosensors for drug research.
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The death of the auto industry should be priced into this stock at this price. From here it should see a boost from the fiber optic play coming with the Obama infrastructure challenge. There ought also to be steady adoption of flat panel tvs, not the wild adoption that most business models predicted. There ought to be enough for a company that is still making money at productive activities within the 21st century economy to make more.