24741--2/24/2009--CORNING_INC

related topics

{operation, international, foreign}

{customer, product, revenue}

{product, market, service}

{tax, income, asset}

{regulation, change, law}

{financial, litigation, operation}

{product, liability, claim}

{cost, operation, labor}

{personnel, key, retain}

{property, intellectual, protect}

{cost, regulation, environmental}

{cost, contract, operation}

{condition, economic, financial}

{investment, property, distribution}

{competitive, industry, competition}

As a result of the current recession in the economies of the United States and many other countries and volatility and uncertainty in global capital and credit markets, a number of the risks we normally face may increase in both our consolidated operations and at our equity method investments. These include: Our sales could be negatively impacted by the actions or circumstances of one or more key customers leading to the substantial reduction in orders for our products If the markets for our products do not develop and expand as we anticipate, demand for our products may decline, which would negatively impact our results of operations and financial performance We face pricing pressures in each of our leading businesses that could adversely affect our financial performance We face risks related to our international operations and sales We face risks due to foreign currency fluctuations If the financial condition of our customers declines, our credit risks could increase If we do not successfully adjust our manufacturing volumes and fixed cost structure, or achieve manufacturing yields or sufficient product reliability, our operating results and cash flow could suffer, and we may not achieve anticipated profitability levels Our future financial performance depends on our ability to purchase a sufficient amount of materials, parts, and manufacturing equipment components to meet the demands of our customers We have incurred, and may in the future incur, restructuring and other charges, the amounts of which are difficult to predict accurately We have incurred, and may in the future incur, goodwill and other intangible asset impairment charges If our products, including materials purchased from our suppliers experience performance issues, our business will suffer We face competition in most of our businesses Changes in our effective tax rate or tax liability may have an adverse effect on our results of operations Accounting and disclosure rules may affect financial results We rely on key personnel and the loss of their services or the inability to attract and retain them may negatively affect our businesses We are subject to strict environmental regulations and regulatory changes that could result in fines or restrictions that interrupt our operations We may experience difficulties in enforcing our intellectual property rights and we may be subject to claims of infringement of the intellectual property rights of others Current or future litigation may harm our financial condition or results of operations We face risks through our equity method investments in companies that we do not control We may not have adequate insurance coverage for claims against us Our businesses may be subject to increased regulatory enforcement

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24741--2/24/2009--CORNING_INC_/NY