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Corning makes specialty glass and ceramics that are used in everything from flat-screen TVs to optical fiber to biosensors for drug research.
Corning should be close to a bottom after today's drop. Short-term, there may be some pain, but long-term things are bright. The cyclical aspects of the business will eventually rebound. LCD prices are stabilizing, and capacity reductions will eventually lead to better margins there. Speciality glass, including Gorrila and Lotus, will be profit drivers in the future. Fiber optics will also come back in the future, as data carriers will need to expand capacity in the near future. Perhaps most importantly, Corning is a company that innovates; they will produce new products that people and business want. Add the great dividend, and you have a long-term winner.
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