Equity Research on TE Connectivity Ltd. and Corning Inc. -- Mixed Bag for Diversified Electronics
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/12/12 -- Diversified electronics manufacturers are being helped by strong demand for displays but hurt by soft demand from the telecommunications market. As a result, companies within the industry are experiencing varying levels of success depending on their own revenue breakdowns. Nearly all are feeling the weight of weak economic conditions and are taking various steps to contend with them. Get your free reports on and at . There is no commitment to join.
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TE Connectivity, a maker of electronic and telecommunications systems, has responded to weak conditions by planning to expand its restructuring efforts to generate further cost reductions. The move bodes well for the long-term but will likely hurt its bottom line in the coming quarters. It is also representative of a broader industry wide trend of bracing for a period of slow global economic growth. report is accessible for free by registering today at
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Corning Inc.'s third quarter also exemplifies the general direction the industry is moving in. Revenues from its display technologies segment surged 19% from the prior quarter while telecommunications tumbled 6.4%. report is accessible for free by registering today at
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