Corning CEO Says Upfront Customer Payments Support Capacity Plans
Corning CEO Wendell Weeks says customer agreements that include upfront cash payments should help the company fare better than during the telecom bubble burst. Corning uses the cash to fund capacity and later returns it to customers.
Corning's recent customer agreements tend to include cash payments upfront, a model that CEO Wendell Weeks says should help the company fare better than when the telecom bubble burst. Corning uses the upfront cash to fund the capacity it's putting in place, and then it returns the cash to customers…