GLW-Corning Inc.

First founded in 1851 in the Williamsberg section of Brooklyn, New York. The company later moved to Corning, New York were they took on the name. Like many companies, Corning's growth and change have led to the elimination or downsizing of many prior operations based within the city. However, Corning still maintains their world headquarters within the city itself. They have also established and continue to expand their nearby research and development facility as well as operations associated with catalytic converters and diesel filters. Corning has a long history of community development and has assured community leaders of their intent to remain headquartered in the city. Wendell P. Weeks is the current Chairman and CEO, James B. Flaws is the current Vice Chairman and Chief Financial Officer and Peter F. Volanakis is the current President and Chief Operating Officer of the company.

Corning is the leading designer and manufacturing of glass and ceramic substrates found in liquid crystal displays, fiber-optic cables, automobiles, and laboratory products. The company has five primary divisions--display technologies, telecommunications, environmental technologies, specialty materials, and life sciences--but most of its revenue stems from its display technologies and telecommunications segments, which generate about 45% and 30% of sales, respectively.

We bought GLW because it is in the technological area and technology is a huge part of our society. Especially when our group saw that they helped with LCD TV's they are huge now so we thought buy buy buy!

We purchased 70 shares of GLW at $18.06 on 1/26/2010. We sold 40 shares on 2/22/2010 at $17.77 and the remaining 30 shares on 3/8/2010 at 18.21, besides making a profit our other reason was the stock dipped after purchase and we sold the first 40 shares because we wanted to be safe just in case the stock tanked even more. We sold the remaining 30 when it was on a run, wanting to just get rid of it and still make a profit.