10-KPeriod: FY1998

CORNING INC /NY Annual Report, Year Ended Dec 31, 1998

Filed February 24, 1999For Securities:GLW

Summary

Corning Inc./NY (GLW) filed its 10-K annual report for the period ending December 30, 1998, on February 23, 1999. This filing provides a comprehensive overview of the company's financial performance and strategic position as of the end of 1998, reflecting its operations in key segments such as Specialty Materials, Information Display, and Environmental Technologies. Investors should note the company's continued focus on innovation and its role as a materials science leader. The report likely details significant developments, investments in research and development, and its outlook for various markets, including telecommunications, consumer electronics, and automotive. Understanding these aspects is crucial for assessing Corning's growth potential and its competitive landscape at the close of the 20th century.

Key Highlights

  • 1The filing covers Corning's financial performance and operations for the fiscal year ending December 30, 1998.
  • 2Key business segments likely include Specialty Materials, Information Display, and Environmental Technologies, reflecting diverse market exposure.
  • 3The report provides insights into Corning's investment in research and development, crucial for its materials science leadership.
  • 4Investors can expect to find information on the company's strategic initiatives and market positioning.
  • 5The filing offers a historical snapshot of Corning's financial health and operational focus at the turn of the millennium.

Frequently Asked Questions

Based on the context of a 10-K from that era for Corning, the primary business segments typically included Specialty Materials, Information Display (likely encompassing CRT glass and related products), and Environmental Technologies (such as emissions control substrates).

Corning has historically been a leader in materials science, and its 1998 filings would emphasize its commitment to research and development. This focus is essential for developing new products and technologies across its diverse markets, such as optical fiber for telecommunications, advanced glass for displays, and specialized materials for environmental applications.

Investors should examine key financial metrics such as revenue growth across segments, profitability (gross margin, operating income, net income), earnings per share (EPS), cash flow from operations, and capital expenditures. Trends in these areas provide insight into the company's operational efficiency and financial health.

In 1998, Corning was likely influenced by the booming telecommunications sector (driving demand for optical fiber), the growth in consumer electronics (requiring display glass), and increasing environmental regulations (boosting the need for emissions control technologies).