CORNING, N.Y., April 29 -- While Corning Inc. faces serious challenges, it will succeed by capitalizing on its strengths in the telecommunications, advanced materials, information display and environmental markets, said James R. Houghton, chairman and CEO, at Corning's annual shareholder's meeting last week. Houghton said Corning continues to believe the telecommunications industry has hit bottom but that demand will stay low for the foreseeable future. He said the company must cut costs to prepare to operate as a smaller company, and he reiterated the company's restructuring plans announced...Read full articleRelated content from Photonics MediaArticlesUltrafast Phenomenon Prompts Data Storage Efficiency HypothesisA recent discovery from the University of California, Davis (UC Davis), could enable faster and more efficient magnetic hard drives by using ultrafast laser pulses to process data. 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