Corning to Present 2005 Optical Fiber Market Overview; Optical Fiber Market Grew 15 Percent in 2005; Fiber-to-the-Home Deployme
07 Marzo 2006 - 2:00PM
Business Wire
Corning Incorporated (NYSE:GLW) will provide its perspective on the
2005 worldwide optical fiber market with a focus on global
fiber-to-the-home (FTTH) activity. The 25th annual Optical Fiber
Briefing will be held today via conference call and live audio
webcast in conjunction with the OFC/NFOEC Conference in Anaheim,
Calif., at 8:30 a.m. PST. The overview, presented by Eric S.
Musser, vice president and general manager of Corning Optical
Fiber, will include a breakdown of fiber volume demand by region
and application. Musser will also address Corning's 2005
telecommunications segment performance, its plan for 2006 and
provide an update on Corning fiber, cable, hardware and equipment
product developments. 2005 Fiber Market Musser will say the total
2005 worldwide fiber market grew approximately 15 percent to 68
million kilometers versus last year's market of about 58 million
fiber kilometers. Musser will attribute the growth to robust demand
for broadband internet connections, including FTTH. He will add
that North America and China were the two largest fiber markets and
represented more than 50 percent of the world's demand. In a
breakdown by region, Musser will say the North American market grew
approximately 30 percent year-over-year driven primarily by the
full-year impact of Verizon's FiOS(TM) project, as well as
additional deep-fiber deployments by other regional bell operating
companies. Another driver was the rural local exchange carriers'
continued steady build out of FTTH, primarily to add video
capability to their communications networks. Musser will say China
represented about 20 percent of worldwide demand and experienced 10
percent growth versus 2004, which was driven by network investment
at China Mobile. He will add that China has become one of the most
price-challenged markets worldwide due to excess optical fiber
manufacturing capacity and a centrally controlled tender process.
Western Europe, representing 15 percent of the worldwide demand,
increased by approximately 10 percent driven primarily by increased
activity from the PTTs, who are upgrading their networks to keep
pace with broadband demand. Japan, representing 15 percent of the
worldwide demand, increased 15 percent following a 40 percent
decrease in 2004. Musser will say this was driven by stronger
demand from NTT for their FTTH network build and competitive FTTH
network activity from power utility companies. "Other Asia," which
represented 10 percent of the worldwide demand, experienced
moderate year-over-year growth primarily due to broadband
deployments in South Korea and backbone and metro builds in India
and Pakistan. The "Rest of World" segment, which comprised 5
percent of the worldwide demand, was flat in 2005 versus 2004.
Musser will continue by breaking out the estimated 2005 optical
fiber demand and growth rates by application. He will say that in
2005 metro and access represented 85 percent of global fiber
demand. "Following growth of 20 percent in 2004 the access segment
increased about 25 percent in 2005, greater than any other
segment," Musser will add. "Access now represents a full 50 percent
of total worldwide demand and we believe it will continue to be the
principle growth segment." Musser will say metro demand grew
approximately 10 percent. He will add that the metro fiber segment
in North America, Western Europe and China continued to grow as
broadband subscribers increased and drove the need for more
bandwidth. The long-haul terrestrial/submarine segment accounted
for 10 percent of the total worldwide demand and the segment was
flat. Musser will say there were some limited extensions of
existing long-haul networks in North America and Western Europe,
but that long-haul demand continues to come from emerging markets
such as Latin America, Russia and the Middle East. He will add that
the submarine segment saw solid growth in 2005, although off a very
small base, as most fiber inventories were consumed in 2004. The
premises market, accounting for 5 percent of the total worldwide
demand, grew by about 5 percent. Telecommunications Segment Review
Musser will briefly review the 2005 results for Corning's
Telecommunications segment. He will note that Corning achieved most
of its objectives in 2005 including continued improvements in
financial performance. "The Telecommunications segment was
profitable, it was a top cash contributor for Corning in 2005 and
sales increased year-over-year driven by growth in each of our
businesses: optical fiber, cable and hardware and equipment,"
Musser will say. While addressing the Corning Telecommunications
segment plan for 2006, Musser will say the company will continue to
focus on financial performance and pursue the FTTx opportunity
through innovation. "Corning is unique in that we are positioned to
optimize cost and performance across all three core elements of the
passive plant with fiber, cable and hardware and equipment," Musser
will add. Product Innovation Musser will say that innovation
continues to be important to the access space and Corning continued
its legacy of innovation by bringing over 20 new fiber, cable,
hardware and equipment products to market in 2005. He will add that
the company delivered on its promise to develop a new
bend-optimized optical fiber for the access segment. "This new
fiber is one of the key enablers for products Corning is launching
for FTTx applications," Musser will add. "The company also
developed a new coating for its optical fiber that is more bend
tolerant, another critical feature in today's networks and in new
cable designs." Musser will also point out that Corning made a
significant enhancement to LEAF(R) optical fiber, the world's most
widely deployed non-zero dispersion-shifted fiber, by further
improving the already industry leading polarization mode dispersion
(PMD) of the product. This improvement will enable networks to
achieve ultra-high data rates. Finally, Musser will say the company
is launching Vascade(R) EX1000 fiber, a new ultra-low loss optical
fiber for the submarine market that will enable longer reach and
lower network costs. "Corning started the optical fiber industry
35-years ago with the invention of the first low-loss optical fiber
for optical communications and today we are launching a fiber with
attenuation 100 times lower than that initial fiber," he will say.
Conference Call Information To access the conference call, dial
(210) 234-0005. The password is briefing and the leader is Ken
Sofio. A replay of the call will begin approximately one hour after
the call ends and will run through 8:00 p.m. PST, Tuesday, March
21. To listen to the replay, dial (203) 369-1270, no pass code is
required. To listen to a live audio webcast of the call, please go
to Corning's Web site and follow the instructions:
http://www.corning.com/investor_relations. The audio webcast will
be archived for one year following the call. About Corning
Incorporated Corning Incorporated (www.corning.com) is a
diversified technology company that concentrates its efforts on
high-impact growth opportunities. Corning combines its expertise in
specialty glass, ceramic materials, polymers and the manipulation
of the properties of light, with strong process and manufacturing
capabilities to develop, engineer and commercialize significant
innovative products for the telecommunications, flat panel display,
environmental, semiconductor, and life sciences industries.
Forward-Looking and Cautionary Statements This press release
contains forward-looking statements that involve a variety of
business risks and other uncertainties that could cause actual
results to differ materially. These risks and uncertainties include
the possibility of changes or fluctuations in global economic
conditions; currency exchange rates; product demand and industry
capacity; competitive products and pricing; availability and costs
of critical components and materials; new product development and
commercialization; order activity and demand from major customers;
capital spending by larger customers in the telecommunications
industry and other business segments; the mix of sales between
premium and non-premium products; possible disruption in commercial
activities due to terrorist activity and armed conflict; ability to
obtain financing and capital on commercially reasonable terms;
acquisition and divestiture activities; the level of excess or
obsolete inventory; the ability to enforce patents; product and
components performance issues; and litigation. These and other risk
factors are identified in Corning's filings with the Securities and
Exchange Commission. Forward-looking statements speak only as of
the day that they are made, and Corning undertakes no obligation to
update them in light of new information or future events.
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