Corning Pounds Its Chest To $16.50 With Bigger Gorilla Glass
"Corning (NYSE:GLW) recently showcased its large-sized Gorilla Glass at Infocomm 2012 held in Las Vegas. The larger Gorilla Glass offers potential new revenue streams for Corning namely, large screen multi-touch devices and large screen display solutions. Both the opportunities arise from the enhanced toughness of the larger Gorilla Glass. We have a Trefis price estimate of $16.50 for Corning, approximately 30% above its current stock market price
Corning has partnered with Perceptive Pixel to offer large-screen multi-touch devices and with Chillin Solutions to offer large-screen display solutions. ...These large-sized multi-touch and outdoor display devices are required in the public display market, which is growing due to increased penetration in retail, transportation, educational, hospitality, media, entertainment and several other industries.
According to projections of NPD DisplaySearch shipments of public display market are to increase by 15 percent to reach 3.1 million units in 2012. And the projected 10-year compounded annual growth rate for the same stands at 25 percent to reach 12 million units in 2018." via Trefis
Reader Comments