Corning Businesses

Established in 1851, Corning is a large company with offices and manufacturing plants in half-dozen continents. At the beginning of the 2001 Corning employed a global tack force of over 41,000. In 2000 Corning took in gross gross revenue of $7,127.1 billion up 50.32% from 1999 when gross revenue were $4,741.1 jillion. Since 1996 when sales were $3,328 million sales begin risen 114.16 %, an average increase of 28.54% per year. However on impertinently summations instead of spacing out the amortization get down individually year, Corning estimates what the whole expense will be for the manner of the asset and takes that expense in year of purchase. So since in 2000 when Corning expanded, its amortization expense was extremely higher(prenominal). Even though Cornings sales went up, their net income went down from $515.8 million in 1999 to $422 million in 2000. With all the expanding Corning did in 2000 the companys add up assets change magnitude 168.55% from $6,5 26 in 1999 to $17,525.7 million in 2000. Corning integrate creates leading-edge technologies for the fast increase markets of the worlds economy in three major(ip) clientele sectors. Corning manufactures optical fiber, cable and photonic products for the telecommunication manufacturing; and high performance displays and components for television and other communication link industries. Corning too uses advanced materials to manufacture products for scientific, semiconductor and environmental markets.

Corning offers a avow of optical fiber products designed to perform in a variety of applications, including long-haul, submarine, met ro, access and premises and leads the teleco! mmunications industry in the developing of new fiber designs. Telecommunications is the biggest and most profitable business for Corning and stick out be classified as its marrow business. Sales in the telecommunications segment increased over 73% from 1999 to 2000. In 2000 in this segment alone Corning took in $5,120.7 million net sales. This accounts for over... If you indispensableness to get a full essay, bon ton it on our website: BestEssayCheap.com

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