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Corning to Narrow Photonics Scope

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CORNING, N.Y., Jan. 13 -- Corning Inc. said it will continue to reduce the fixed-cost structure in its optical fiber and cable businesses, narrow its product scope in photonics, reduce corporate staff spending and possibly cut more jobs this year in an attempt to return to profitability. The company is considering a number of options for its photonics business, including the potential of partnerships, joint ventures or other possibilities, James B. Flaws, vice chairman and CFO, told investors at the fifth annual Needham Growth Conference in New York City last week. Flaws said Corning will...Read full article

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    Published: January 2003
    CommunicationsConsumerindustrialNews & Features

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