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2007'05.17.Thu
Corning to Meet with Investors
May 17, 2007



Company to Reiterate Second-Quarter Guidance, Update LCD
Glass Market Expectations

    CORNING, N.Y., May 17 /Xinhua-PRNewswire/ -- Corning
Incorporated (NYSE: GLW) Vice Chairman and Chief Financial
Officer James B. Flaws will participate in a "fireside
chat" with investors at the Deutsche Bank Technology
Conference in San Francisco on May 16. Chairman and Chief
Executive Officer Wendell P. Weeks will also participate in
a similar discussion with investors at the JP Morgan
Technology and Telecommunications Conference in Boston on
May 21. Flaws and Weeks will address questions posed by
investors and discuss the company's expectations for
continued growth and profitability in 2007 at both
meetings. The company will confirm its previously disclosed
second-quarter guidance.

    (Logo: http://www.xprn.com.cn/xprn/sa/200612081746.jpg
)

    Corning executives will also update the company's
liquid crystal display (LCD) glass market growth
expectations for 2008. The company now expects the 2006 to
2008 cumulative annual growth rate for LCD glass demand to
be about 32 percent, versus its previous estimate of 30
percent. The company's estimate for LCD glass market volume
growth for 2007 remains unchanged at 35 to 40 percent. The
higher growth forecast for 2008 is the result of stronger
LCD TV penetration expectations. Corning now anticipates
the penetration rate of LCD TVs to be about 47 percent in
2008, versus its previous estimate of 45 percent.

    Corning's fireside chats with investors at the Deutsche
Bank Technology Conference and the JP Morgan Technology and
Telecommunications Conference will be available via webcast
by accessing the IR events calendar on Corning's Web site at
http://www.corning.com/investor_relations .

    About Corning Incorporated

    Corning Incorporated ( http://www.corning.com ) is the
world leader in specialty glass and ceramics. Drawing on
more than 150 years of materials science and process
engineering knowledge, Corning creates and makes keystone
components that enable high-technology systems for consumer
electronics, mobile emissions control, telecommunications
and life sciences. Our products include glass substrates
for LCD televisions, computer monitors and laptops; ceramic
substrates and filters for mobile emission control systems;
optical fiber, cable, hardware & equipment for
telecommunications networks; optical biosensors for drug
discovery; and other advanced optics and specialty glass
solutions for a number of industries including
semiconductor, aerospace, defense, astronomy and
metrology.

    Forward-Looking and Cautionary Statements

    This press release contains forward-looking statements
that involve a variety of business risks and other
uncertainties that could cause actual results to differ
materially. These risks and uncertainties include the
possibility of changes in global economic and political
conditions; currency fluctuations; product demand and
industry capacity; competition; manufacturing efficiencies;
cost reductions; availability of critical components and
materials; new product commercialization; changes in the
mix of sales between premium and non-premium products; new
plant start-up costs; possible disruption in commercial
activities due to terrorist activity, armed conflict,
political instability or major health concerns; adequacy of
insurance; equity company activities; acquisition and
divestiture activities; the level of excess or obsolete
inventory; the rate of technology change; the ability to
enforce patents; product and components performance issues;
stock price fluctuations; and adverse litigation or
regulatory developments. Additional risk factors are
identified in Corning's filings with the Securities and
Exchange Commission. Forward-looking statements speak only
as of the day that they are made, and Corning undertakes no
obligation to update them in light of new information or
future events.


    For more information, please contact:
    
    Media Relations:
    Corning China                                
     Lydia Lu                                           
     Tel:   +86-21-5467-4666-1900                  
     Email: lulr@corning.com                             

    Corning US
     M. Elizabeth Dann
     Tel:   +1-607-974-4989
     Email: dannme@corning.com

    Investor Relations: 
     Kenneth C. Sofio
     Tel:   +1-607-974-7705
     Email: sofiokc@corning.com
PR
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