Corning Inc. (NYSE: GLW) is a specialty glass products manufacturer. Since its inception, Corning has evolved from a small bulb maker into a multinational corporation with over $1.55 billion in revenue and $816 million in profit.

Just a few years ago, Corning may have been written off as yet another casualty of the tech bubble. By 2000, the company received three-quarters of its revenues from its telecommunications division due to intensive capital spending to expand internet coverage. By 2003, the tech spending had evaporated and massive overcapacity drove the company to the brink of bankruptcy.

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