SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: (Date of earliest event reported) September 30, 2002
CORNING INCORPORATED
(Exact name of registrant as specified in its charter)
New York 1-3247 16-0393470
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One Riverfront Plaza, Corning, New York 14831
(Address of principal executive offices) (Zip Code)
(607) 974-9000
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure.
On October 1, 2002, Corning Incorporated announced the September 30, 2002
completion of its purchase of Lucent Technologies' interests in two ventures in
China -- Lucent Technologies Shanghai Fiber Optic Co. Ltd. and Lucent
Technologies Beijing Fiber Optic Cable Co., Ltd. The press release relating to
this announcement is filed herewith as Exhibit 99.1 and is incorporated herein
by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release dated October 1, 2002
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CORNING INCORPORATED
Registrant
Date: October 1, 2002 By /s/ KATHERINE A. ASBECK
------------------------------------
Katherine A. Asbeck
Senior Vice President and Controller
INDEX TO EXHIBITS
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(c) Exhibits
99.1 Press Release dated October 1, 2002
Exhibit 99.1
[Lucent Technologies] [Corning Incorporated]
News Release
Mary Ward Paul A. Rogoski
Lucent Technologies Corning Incorporated
908-582-7658 - office 607-974-8832 - office
732-424-0215 - home 607-936-0741 - home
maryward@lucent.com rogoskipa@corning.com
LUCENT TECHNOLOGIES CONCLUDES SALE TO CORNING OF INTERESTS IN TWO OPTICAL FIBER
JOINT VENTURES IN CHINA
FOR RELEASE: TUESDAY, OCTOBER 1, 2002
-------------------------------------
MURRAY HILL, N.J. - Lucent Technologies (NYSE: LU) and Corning Incorporated
(NYSE:GLW) today announced that the companies have completed the sale to Corning
of Lucent's interests in two joint ventures in China - Lucent Technologies
Shanghai Fiber Optic Co. Ltd. and Lucent Technologies Beijing Fiber Optic Cable
Co., Ltd.
Concluding a transaction that was originally announced on July 24, 2001,
Corning will pay Lucent up to $225 million. The transaction closed on Sept. 30,
2002, and the purchase price includes Corning common stock valued at
approximately $50 million and a future cash payment of $25 million should the
ventures achieve certain business milestones.
Lucent's interests in these two ventures were part of Lucent's Optical
Fiber Solutions business, the majority of which was sold to Furukawa Electric
Co., Ltd. (Tokyo: 5801) last year.
The Shanghai-based venture makes optical fiber and the Beijing operation
makes fiber cable.
- more -
Lucent Technologies
Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and
delivers networks for the world's largest communications service providers.
Backed by Bell Labs research and development, Lucent relies on its strengths in
mobility, optical, data and voice networking technologies as well as software
and services to develop next-generation networks. The company's systems,
services and software are designed to help customers quickly deploy and better
manage their networks and create new, revenue-generating services that help
businesses and consumers. For more information on Lucent Technologies, visit its
Web site at http://www.lucent.com.
About Corning Incorporated
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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