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  • December 2005 (Revised November 2006)
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Corning, 2002

By: Malcolm P. Baker and James Quinn
  • Format:Print
  • | Pages:15
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Abstract

Corning, with large investments in fiber optic technology, was hit particularly hard by the collapse of the telecommunications industry in 2001. With over $4 billion in debt, the firm's survival appears to rest on raising additional equity capital. The protagonist is considering whether to invest in Corning or in a new mandatory convertible preferred stock that is being offered to the public.

Keywords

Financial Strategy; Financial Condition; Financial Instruments; Valuation; Capital; Public Equity; Stock Shares; Business or Company Management; Strategy; Manufacturing Industry; Industrial Products Industry

Citation

Baker, Malcolm P., and James Quinn. "Corning, 2002." Harvard Business School Case 206-018, December 2005. (Revised November 2006.)
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About The Author

Malcolm P. Baker

Finance
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Related Work

    • December 2005 (Revised November 2006)
    • Faculty Research

    Corning, 2002

    By: Malcolm P. Baker and James Quinn
Related Work
  • Corning, 2002 By: Malcolm P. Baker and James Quinn
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