Corning to Highlight Strategic Plans to Reach $10 Billion in

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Corning (GLW) is expected to share details its plans to achieve $10 billion in sales by 2014 when key executives speak at the company's annual investor meeting in New York at 9 a.m. today. Corning had announced 2010 sales of $6.6 billion. According to the company, it will highlight its capability to deliver specialty glass and ceramic-based solutions for devices across many industries. The company's path to $10 billion in sales will also include details of its strategic innovations in its business segments, including Display Technologies, Display Technologies, Telecommunications, Life Sciences, Environmental Technologies, and Emerging Technologies, as well as seizing opportunities for its major product, Corning Gorilla Glass. The company has also stated that it expects 2011 capital spending to be in the range of $2.4 billion to $2.7 billion, primarily in support of expanding LCD and Corning Gorilla Glass capacity and investments in its environmental and life sciences businesses. Corning shares are up 1.33% or $0.30 to $22.87.