SEC Comment Letter for CORNING (GLW) — Jun 9, 2009
CORNING INC /NY (GLW) (CIK 0000024741)
Date: June 9, 2009 · CIK: 0000024741 · Accession: 0000000000-09-030543
AI Filing Summary & Sentiment
Referenced dates: May 22, 2009
Letter
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-4631
DIVISION OF CORPORATION FINANCE
Mail Stop 4631 June 9, 2009
Via U.S. mail and facsimile
Mr. James B. Flaws Vice Chairman & Chie f Financial Officer Corning Incorporated One Riverfront Plaza Corning, New York 14831 RE: Form 10-K for the fiscal year ended December 31, 2008 Form 10-Q for the pe riod ended March 31, 2009 File No. 1-3247 Dear Mr. Flaws: We have reviewed your response letter dated May 22, 2009 and have the following additional comments. If you disagree with our comment, we will consider your explanation as to why our comment is inapplicable or a re vision is unnecessary. Please be as detailed as nece ssary in your explanation. Please understand that the purpose of our re view process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We welcome any questions you may have about our comments or on any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter.
FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2008
General
1. Where a comment below requests additional disclosures or other revisions to be made, please show us in your supplemental response what the revisions will look like. These revisions should be included in your future filings.
Mr. James B. Flaws June 9, 2009 Page 2 of 2 Financial Statements
Notes to the Financial Statements
Note 1. Summary of Significant Accounting Policies
Property, Net of Accumula ted Depreciation, page 62
2. We note your response to prior comment 4. Please disclose th e amount of property with indefinite useful lives.
FORM 10-Q FOR THE PERI OD ENDED MARCH 31, 2009
General
3. Please address the above comment in your interim filings as well.
* * * *
Please respond to these comments with in 10 business days, or tell us when you will provide us with a response. Please pr ovide us with a supplemental response letter that keys your responses to our comment s and provides any requested supplemental information. Detailed letters greatly facilitate our review. Please file your supplemental response on EDGAR as a correspondence file . Please understand that we may have additional comments after reviewin g your responses to our comments.
If you have any questions regarding these comments, please direct them to Nudrat Salik, Staff Accountant, at (202) 551-3692 or, in her absence, to Jeanne Baker, Assistant Chief Accountant, at (202) 551-3691.
S i n c e r e l y , R u f u s D e c k e r A c c o u n t i n g B r a n c h C h i e f
Show Raw Text
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-4631
DIVISION OF
CORPORATION FINANCE
Mail Stop 4631
June 9, 2009
Via U.S. mail and facsimile
Mr. James B. Flaws Vice Chairman & Chie f Financial Officer
Corning Incorporated One Riverfront Plaza Corning, New York 14831
RE: Form 10-K for the fiscal year ended December 31, 2008
Form 10-Q for the pe riod ended March 31, 2009
File No. 1-3247
Dear Mr. Flaws: We have reviewed your response letter dated May 22, 2009 and have the following additional comments. If you disagree with our comment, we will consider your explanation as to why our comment is inapplicable or a re vision is unnecessary.
Please be as detailed as nece ssary in your explanation.
Please understand that the purpose of our re view process is to assist you in your
compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We
welcome any questions you may have about our comments or on any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter.
FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2008
General
1. Where a comment below requests additional disclosures or other revisions to be made, please show us in your supplemental response what the revisions will look like. These revisions should be included in your future filings.
Mr. James B. Flaws
June 9, 2009 Page 2 of 2 Financial Statements
Notes to the Financial Statements
Note 1. Summary of Significant Accounting Policies
Property, Net of Accumula ted Depreciation, page 62
2. We note your response to prior comment 4. Please disclose th e amount of property
with indefinite useful lives.
FORM 10-Q FOR THE PERI OD ENDED MARCH 31, 2009
General
3. Please address the above comment in your interim filings as well.
* * * *
Please respond to these comments with in 10 business days, or tell us when you
will provide us with a response. Please pr ovide us with a supplemental response letter
that keys your responses to our comment s and provides any requested supplemental
information. Detailed letters greatly facilitate our review. Please file your supplemental
response on EDGAR as a correspondence file . Please understand that we may have
additional comments after reviewin g your responses to our comments.
If you have any questions regarding these comments, please direct them to Nudrat
Salik, Staff Accountant, at (202) 551-3692 or, in her absence, to Jeanne Baker, Assistant
Chief Accountant, at (202) 551-3691.
S i n c e r e l y , R u f u s D e c k e r A c c o u n t i n g B r a n c h C h i e f