Suggestion by 220.127.116.11 on 2007-12-07 19:20:33
I can see Corning's viability as a company that can deliver strong earnings in the short term. But considering that most of its products don't seem to have a shelf life that can sustain them long term, what are they doing to cover for this? With the current downtrend in consumer confidence and the speed at which television technologies evolve, how can one be sure that their success in the display industry continues? With low consumer sentiment (and it looks to go lower) big ticket items, such as LCDS, should generate less revenue based on my Econ 101 rules. Should there be change in technology by the time that consumers start buying again without restraint, what will protect Corning's largest (by far) revenue generator? How much of a future does the optical fiber cable have? Now as you've mentioned it seems that Verizon wants to quintuple their FiOS customers; but this demand has a near term time horizon. Cities such as San Francisco are testing blanket wireless networks to provide internet access to their citizens. And with the advent of VOIP it could leave the need for fiber optics out in the cold. Oil prices have recently hit all time highs. This, coupled with finite resources, has led companies' increased interest in exploring alternate energies. Once the transition is made to clean energies what will become of Corning's Environmental Technologies business? I'm not saying that Corning is not continually researching and developing new products to keep up with the technology evolution. I would just like to be sure that GLW has a long term horizon.
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