Corning, Inc. (GLW)

[buzlightwave]

Corning sees Optical Communications segment growing twice as fast in FY14

February 7, 2014
09:30 EDT

Clark S. Kinlin, executive vice president, said that optical solutions will continue driving profitable growth for Corning's Optical Communications segment. He noted that the scale and rate of bandwidth growth-driven by video, wireless data, and cloud computing - are straining data centers and networks. "Optical-based solutions provide the most cost-effective capacity and speed to alleviate pressures on the network," Kinlin explained. He highlighted industry studies that show global IP traffic growing at 23% per year through 2017, with mobile traffic the fastest-growing component. "Our solid foundation of optical components is providing our customers with the necessary integrated solutions for today's growing variety of network applications," he added. Kinlin said that the company expects its Optical Communications segment to grow twice as fast as the overall industry in 2014.

http://www.theflyonthewall.com/permalinks/entry.php/GLWid1959925/GLW-Corning-sees-Glass-Technologies-adding-about-M-incremental-profit-this-year