Will Feuer, Dow Jones Newswires
Corning is seeing early signs of what could be a rebound in demand for optical fiber, a key component for internet providers like AT&T, Verizon and Frontier Communications. Fiber Optic Cable for Light Transmisssion
"We saw a small uptick in fiber shipments, but they remain more than 30% below trend," Chief Executive Wendell Weeks tells analysts on a conference call.
After years of supply-chain issues, Corning's customers are loaded up on fiber inventory, leaving Corning in the lurch.
"We believe these carriers will soon deplete their inventory and execute on the increased broadband deployment plans they've communicated to us over the last several months," Weeks says.
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