Corning Set to Produce 3D Gorilla Glass - Analyst Blog

By
A A A

Corning Inc ( GLW ) recently announced that it has a new manufacturing process in place to mold its shatter-resistant smartphone glass covers. These covers can be molded into three-dimensional shapes, which will allow device makers to try new options while designing their products.

Corning, which considers Apple ( AAPL ) and Samsung Electronics to be the major consumers of its Gorilla Glass, is collaborating with Taiwan-based G-Tech Optoelectronics Corp. on this new venture.

This new technology is believed to help in making the thickness of Gorilla Glass uniform even when it's molded into different shapes. It is more economical and will significantly lower the cost of curved displays.

It should be noted, however, that this 3D-shaped Gorilla Glass has no connection whatsoever with 3D viewing. Corning will use the manufacturing process to create unique shapes of Gorilla Glass without making it bulkier or compromising on its other characteristic features. Corning will no longer need to ship the parts from other parts of the globe.

Corning is a leading manufacturer of specialty glass and ceramics. In the recently concluded third quarter, the company spent $146 million on cash dividends and used $209 million to repurchase its common stock.

Corning has a strong balance sheet, which will help the company to capitalize on investment opportunities and make strategic acquisitions, further improving its growth prospects. The senior notes offering will bring down its cost of capital, thus strengthening the company's balance sheet and supporting its future growth.

Currently, Corning has a Zacks Rank #3 (Hold). Some better-ranked stocks worth considering include Envivo Inc ( ENVI ) and Numerex Corp. ( NMRX ), both with a Zacks Rank #2 (Buy).



APPLE INC (AAPL): Free Stock Analysis Report

ENVIVIO INC (ENVI): Free Stock Analysis Report

CORNING INC (GLW): Free Stock Analysis Report

NUMEREX CP-CL A (NMRX): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: AAPL , ENVI , GLW , NMRX

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com