Our primary theme for Corning (NYSE:GLW) as an investment has been a theme of transformation towards balancing revenue/earnings across all of its divisions more evenly and lessening dependence on the company’s price sensitive LCD glass business. We were not completely surprised when GLW made its latest acquisition announcement in late December 2016. In particular, the company announced that it acquired (with terms not disclosed) full ownership of STRAN Technologies (‘STRAN’), a U.S.-based producer of harsh environment and tactical interconnect products and services that serves the military/aerospace and oil/gas industries.
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