Corning Takes Action on Misappropriation of Trade Secrets.Business Editors CORNING, N.Y.--(BUSINESS WIRE)--June 6, 2002 Corning Incorporated Corning Incorporated NYSE: GLW is an American manufacturer of glass, ceramics and related materials, primarily for industrial and scientific applications. The company was known until 1989 as Corning Glass Works. (NYSE NYSE See: New York Stock Exchange :GLW GLW Glasgow Airport (UK) GLW Gross Laden Weight GLW Good Lady Wife (Australia) ) filed suit today in U.S. federal court in Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York. Rochester, once known as The Flour City, and more recently as The Flower City or against PicVue Electronics, Ltd. of Taiwan and Eglasstrek, GmbH of Germany alleging misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any of trade secrets and infringement of copyrights related to Corning's fusion draw technology for producing glass substrates used in active matrix liquid crystal displays (AMLCD (Active Matrix LCD) See active matrix. ). "Corning's leadership in the world's display glass market has been built on a foundation of many years of investment and innovation," said Donald B. McNaughton, vice president Information Display. "We are committed to providing a reliable, local supply of high-quality AMLCD glass substrates to our customers in Taiwan and throughout Asia. "Today's action is required to ensure that the intellectual property rights developed by such investment and innovation are preserved. When Corning finds unauthorized use of our technology, we must move to protect our shareholders' investment. We will not let others misappropriate mis·ap·pro·pri·ate tr.v. mis·ap·pro·pri·at·ed, mis·ap·pro·pri·at·ing, mis·ap·pro·pri·ates 1. a. To appropriate wrongly: misappropriating the theories of social science. our intellectual property," McNaughton said. Through its Display Technologies business, Corning manufactures two glass substrate compositions, 1737 which is currently the worldwide AMLCD industry standard, and the new EAGLE2000 (TM) glass. Over the last few years, Corning has been investing to expand capacity to keep pace with growing AMLCD demand, including the opening of a facility in Tainan, Taiwan. Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television, information technology and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning revenues for 2001 were $6.3 billion. |
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