Manage methods in vehicles to lab gear to just about something its clients want to spend it great money for. It specializes in fixing difficult issues and is darn good at it. Nevertheless, when you appear at Corning's financials by section, it is clear that it is extremely reliant on its Lcd business. As soon as you aspect in its nonwholly owned businesses, including its 50% stake in Samsung Corning Precision Supplies, the Lcd division tends to make up over fifty percent of revenue and nearly all the revenue. Why does the market care? Because it fears that the wave Corning's been using is about to hit shore. Liquid crystal display revenue have shot up as folks have been upgrading to flatscreen and/or highdefinition TVs. That boost won't last forever. Include in competitive threats from systems like OLEDs, a tenuous economy, and pricing stress from Corning's clients, and we can paint a stark picture of falling volumes and falling margins. The market definitely has. Let us hit quantity issues and then pricing. Ignoring shortterm turbulence, the Lcd market is nonetheless anticipated to develop over the coming years. Just at a lower price. Business watcher IHS iSuppli projects Lcd shipments will cheap air max 95 improve from just below 650 million models in 2010 to closer to a billion in 2014. Any projections should have a grain of salt, but the thing to be aware is that, despite what you'd guess from Corning's inventory cheap nike air jordan cost, Lcd volumes might really go up in the medium term. That said, Corning by itself realises the Liquid crystal display business, if not fully mature, is at minimum quickly approaching maturity. It believes it can stay "a extremely profitable company" even as cheap nike free run 2 the cheap jordans industry matures and even as cheap nike free run uk it methodically lowers its costs to its customers. Remember that Corning has been able to maintain up its pricing energy and makes, as one analyst put it, "a extremely envious amount of money." A decade in the past, Corning's glass made up less than ten% of the cost of a big tv. Now it's more than 20%. It is always essential to see who has the pricing power in a value chain. In retail,Woolworths Ltd. (ASX:WOW) andWesfarmers Ltd. In addition, as screens get thinner, Corning can do much more with much less glass. As one of its higherups place it, "We melt our glass in lbs and we sell it in sq. feet." Bottom line, Corning's Liquid crystal display business is stronger than the market thinks it is. Then we get to the sexy parts of the company. While Corning retains on maintaining on in television and pc screens, it is investing in the long term. Corning has lasted one hundred sixty many years because of its innovation culture. That is how you bridge the length from Thomas Edison to Steve Jobs. It consistently and routinely spends on R committing about ten% of its sales. On leading of that, it is committing