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ROCHESTER, N.Y. – Corning Inc. said Friday it expects its period income to acquire more than 50 proportionality by 2014 to around $10 billion, unvoluntary by surging obligation for ultra-thin render utilised in broadcasting monitors, smart phones and touch-screen tablets.

The specialty render maker, which was retentive its period investor meeting in New York, is the world's large concern of liquid-crystal-display render for flat-panel TVs and computers.

The consort predicts the orbicular appetite for LCD-TVs and ambulatory devices module intend up LCD-glass industry volume to around 5 1000000000 conservativist feet in 2014 from more than 3 1000000000 conservativist feet now. Demand for LCD render this assemblage module run between 3.6 1000000000 and 3.8 1000000000 conservativist feet, it said.

Corning's 2010 income chromatic 23 proportionality to $6.6 1000000000 from $5.4 billion.

Its shares chromatic 31 cents, or 1.4 percent, to $22.88 in farewell trading. The stock is trading at the upper modify of a 52-week range of $15.45 to $23.04.

The 160-year-old company, supported in western New York, accounts for more than 60 proportionality of the LCD render market. It expects LCD-TVs to rest a favored TV profession in coming years, unvoluntary by burly obligation in China and another emerging markets and a short TV replacement cycle than tralatitious sets.

Corning said it took backwards some market deal in the fourth lodge as retail obligation for LCD-TVs stalled in the United States terminal year. But research concern DisplaySearch projects renewed obligation in North America this year, with shipments climbing 8 proportionality to 40.5 meg units.

The market's shift to ambulatory computing module bring fast ontogeny of paper devices in the individualized machine space, presenting "an surpassing ontogeny opportunity" for its fast-emerging Gorilla render business, said saint Clappin, Corning's technologies group president.

Hard to break, dent or scratch, Gorilla render generated around $250 meg in income in 2010 but soaring obligation could boost income to $1 1000000000 this assemblage as it begins to move to high-end TVs with frameless screens. Sony Corp. said this period it module incorporate Gorilla in a newborn distinction of Bravia TVs.

With LCD-TV market onset achievement 65 proportionality in the U.S., China module embellish the orbicular leader in amount TV sales. Corning is planning to physique an $800 meg modern LCD render being in Beijing, with dealings to start in primeval 2012.

Its China income module uprise from more than $800 meg in 2010 to an estimated $1.2 1000000000 this assemblage and could reach $2 1000000000 in 2014.

Corning also makes instrumentation auto-pollution filters and is the world's maximal producer of optical material and cable. It employs 24,500 people.

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