pe: Public Company Fax: (607) 974-5927 Stock Symbol: GLW www.corning.com Stock Exchange: NYSE Chairman and CEO: James R. Houghton LOCATION 2004 Employees: 25,000 Corning, NY (HQ) 2004 Revenue ($mil.): $3,854 DEPARTMENTS KEY COMPETITORS Accounting Agere Systems Engineering Alcatel Human Resources Furukawa Electric Manufacturing Marketing EMPLOYMENT CONTACT Corning Recruiting P.O. Box 1262 Findlay, OH 45840 E-mail: corning@aon-hros.com VAULT CAREER LIBRARY 2005 Vault Inc. Vault Guide to the Top Telecom Employers Corning Incorporated THE SCOOP From glass to optics to engines Corning is the world's most recognized glassmaker, though beginning in the mid- 1990s it began to sell off some of the divisions that produce the kitchenware and housewares that many American consumers have come to associate with the company. Corning sold off these divisions to concentrate (and invest) more heavily in optical cables, photonics, television displays, and other specialty glass products. Founded in 1851 in rural central New York State, the firm was responsible for making the glass envelope for Thomas Edison's first light bulb, as well as the red, green, and yellow lenses used in the first traffic light. Most recently, the company has shown a commitment to producing ultra-thin glass for LCD computer and television displays and ceramic substrates for diesel and automotive emissions control. Big shot Feeling the aftershocks of stagnant sales, Corning has trimmed its product line and research efforts to focus more on fiber optics, which it invented more than 20 years ago. The company is the world's leading fiber optics supplier, and fiber-optic cable and related photonics represent a full 70 percent of Corning's revenue. As part of its refocusing effort, the company spun off its medical testing and drug research business in 1996. That move paid off; in 1996 and 1997, the company's net income increased 12 percent and 19 percent, respectively. In 1998, the firm sold all but 8 percent of its highly recognizable line of brand-name houseware