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Gorilla Glass 2.0 Makes Corning a Star of CES

Post Time:Jan 12,2012Classify:Industry NewsView:1014

The International Consumer Electronics Show is in full swing and the biggest star of the show isn’t a new gadget. Is it Microsoft‘s (NASDAQ:

 

No, no, and no. The prettiest debutante at the CES ball isn’t any of these devices, but it is dancing with all of them. Corning‘s (NYSE:

 

New York State’s most famous glassware company is talking up the latest version of its ultra-light, ultra strong glass at the show while nearly every electronics manufacture in the world is showing off products that use the material. Gorilla Glass 2.0 is 20% thinner than the original Gorilla Glass, just .8mm thick compared to 1mm. The original material has made Corning the toast of the glass display manufacturing business since Apple (NASDAQ:

 

It is also remarkably durable, able to withstand 55kg of force per square meter, or, to get technical, a force of about 539 Newtons. To get un-technical, that means that a really big dog could bite a sheet of Gorilla Glass 2.0 and the glass would be just fine.

 

The glass is so sleek and strong, it seems everyone’s putting it in their new toys. Samsung (PINK:

 

Handheld devices aren’t alone in using the technology either. Sony‘s (NYSE:

 

This is good news for Corning’s investors. Revenue from Gorilla Glass in 2011 is expected to total $700 million, more than two-and-a-half times 2010′s revenue of $250 million. The company generates around $2 billion in revenue each quarter, with the Gorilla Glass-making Display Technologies operating segment of the company generating around 39% of that revenue. The glass’ dramatic earnings growth in just a year, coupled with a hyped new version of that product, indicates it is well positioned to gain prominence in handheld electronics. Corning cut its profit outlook for the fourth quarter of 2011 due to the weak TV market, on which Gorilla Glass has relied heavily, but if smartphones, tablets, and Ultrabook laptops use the material, it can combat those losses.

 

So 2012 is  heating up for Corning. CES is Gorilla Glass 2.0′s coming-out party. And with new devices from Apple like the iPad 3, Apple HDTV, and iPhone 5 expected out this year, it looks like the party won’t stop soon.

 

Source: www.investorplace.comAuthor: shangyi

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