Corning Encouraged By Tv Sales

Corning Incorporated senior management updated investors in Corning, New York, on 19 March 2009 on the company's Display Technologies business and discussed the company's 2009 proxy material. Encouraging data from panel makers and LCD television retail sales indicate that the display supply chain is performing as predicted, management said. As a result, the company has been experiencing increasing glass orders over the past few weeks at both its wholly owned business and Samsung Corning Precision Glass Co., Ltd. The company now believes total glass volume for the 1Q 2009 could be flat to down 5% sequentially, versus its original guidance of a 20% to 25% fall.