Does Corning make the glass used in both, or just in LCD flat-panel TVs?
WW: Corning manufactures the glass for LCD panels. Recently, LCD monitors surpassed the 50% penetration threshold for desktop monitors and it is the glass technology used in all laptop computers. LCD technology is just beginning in entertainment TV and should capture about 10% of the global television market this year. We believe it will be the technology of choice for TVs in the future, growing to about 21% of the more than 200 million televisions sold annually by 2007. RS: Many industry watchers think there is a capacity glut building among the producers of panels used in flat-panel TVs. Assume for the sake of argument that they’re correct and that the panel makers and the TV makers will continue losing pricing power as supply outpaces demand — how might this affect Corning’s business? WW: We watch the retail market very closely and we plan our capacity expansions in line with our view of market growth, rather than simply responding to our customers’ individual expansion plans. If w
