I have done some research on GLW's Life Science Division
(http://www.corning.com/Lifesciences/inside_life_sciences/) and feel if the company continues to invest in this sector of their business, the growth opportunities are very good.
Cornings Life Sciences Division is currently under the Advanced Materials Segment.
The Advanced Materials Segment manufactures specialized products with properties for customer applications, utilizing glass, glass ceramic and polymer technologies. Businesses within this segment include environmental products, life science products, semiconductor materials and optical and lighting products
Recent Developments:
Advion BioSciences Selects Corning Incorporated's IntelliSense to Manufacture ESI Chip September 19, 2001
IntelliSense Corporation, a subsidiary of Corning Incorporated, announced that it has signed a definitive two and one-half year agreement to manufacture Advion BioSciences' Electrospray Ionization Chip. This MicroElectro Mechanical Systems device will enable high-throughput mass spectrometry for proteomics, drug discovery, and genomics research.
Whitehead, Corning announce research agreement
By Seema Kumar
Whitehead Institute
WEDNESDAY, NOVEMBER 1, 2000
(http://web.mit.edu/newsoffice/tt/2000/nov01/corning.html)
Corning Inc. has announced a $10 million research agreement with the Whitehead Institute for Biomedical Research to develop the next generation of DNA microarrays and other tools for the post-genome world.
*** This small research agreement with MIT could develop into something big. I wouldn't be surprised to see Corning spinn off this company in two to three years if the research in-progress proves efficient ***
Corning Microarray Technologies
Corning Microarray Technologies is a new platform of microarray technology products being developed by Corning Life Sciences for the life science industry. By leveraging our strength and experience in glass and plastics manufacturing, process engineering, and surface technologies, Corning is working to transform the microarray technology marketplace by providing high-quality, reasonably priced research tools that facilitate the widespread use of this new and exciting technology. The CMT-GAPS™ Coated Slides and the CMT™ - Hybridization Chamber are just the first in what promises to be a growing family of CMT products that will bring the power of microarray technology into every life science laboratory
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A lot of investors are focused on Corning's fiber optics business but Corning has several other (very profitable) operating divisions positioned in other very large growth markets.
EKS |
