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) April 24, 2003



                              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 April 22, 2003,  Corning  Incorporated  issued a press release  setting forth
Corning's  first  quarter 2003  earnings.  A copy of Corning's  press release is
filed herewith as Exhibit 99.1 and hereby incorporated by reference.

Item 7.  Financial Statements and Exhibits.

(c)  Exhibits

99.1  Press release dated April 22, 2003.

Item 9.  Regulation FD Disclosure.

On April 24, 2003, Corning  Incorporated  issued a press release relating to its
annual meeting of shareholders  and that press release is furnished  herewith as
Exhibit 99.2.

(c)  Exhibits

99.2  Press release dated April 24, 2003.






                                   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: April 24, 2003            By    /s/  KATHERINE A. ASBECK
                                           ------------------------------------
                                           Katherine A. Asbeck
                                           Senior Vice President and Controller






                                                                    Exhibit 99.1





FOR RELEASE -- APRIL 22, 2003

Media Relations Contact:               Investor Relations Contact:
Daniel F. Collins                      Kenneth C. Sofio
(607) 974-4197                         (607) 974-7705
collinsdf@corning.com                  sofiokc@corning.com



             Corning Reports First-Quarter Results

                 Performance exceeds guidance
             Continued strength seen in LCD market

CORNING,  N.Y.  -- Corning  Incorporated  (NYSE:GLW)  today  announced  that its
first-quarter   results   exceeded   quarterly   guidance  and  sales  increased
sequentially  for the first time in two years.  The company said sales were $746
million and that it recorded a net loss of $205 million or $0.17 per share. This
net loss includes $201 million or $0.17 per share of charges  primarily  related
to the previously announced asbestos litigation settlement and restructuring and
impairment charges.

James R. Houghton, chairman and chief executive officer, said, "We are extremely
pleased with the improvement in our quarterly  performance.  Our results reflect
stronger  than  expected  demand for fiber and cable in Japan and the  continued
strength of our technologies  businesses,  particularly the Display Technologies
and  Environmental  Technologies  businesses."  Houghton  said that the  company
continues  to focus on its  goal of  returning  to  profitability  by the  third
quarter of this year. "We are seeing significant improvement in our gross margin
and lower operating costs due to our restructuring  efforts over the past year,"
he said.

Previously Announced Charges
Corning said its first-quarter results include net charges totaling $345 million
($201 million after-tax and minority interest) or $0.17 per share. These include
the following:
     .    A previously announced charge of $298 million ($192 million after-tax)
          for asbestos litigation related to Pittsburgh Corning Corporation.
     .    Net restructuring  and impairment  charges of $51 million ($12 million
          after-tax and minority  interest) related to the previously  announced
          decisions  to shut down  Corning  Asahi  Video  (CAV) and the  optical
          switching  business,  offset by adjustments to the company's  existing
          restructuring reserves.
     .    A net  gain  of $4  million  ($3  million  after-tax)  related  to the
          repurchase of debt using cash and common stock.

                                     (more)







Corning Reports First-Quarter Results
Page Two


First-Quarter Operating Results
Sales for the quarter of $746  million  represent  a  sequential  increase  from
fourth-  quarter  sales of $736 million.  Telecommunications  segment sales were
$352 million,  compared to  fourth-quarter  sales of $363 million.  Fiber volume
increased  approximately  15 percent  sequentially due to stronger than expected
demand in Japan and China,  offset by  continued  softness in North  America and
Europe.  Sequential  price declines,  as expected,  were in the 10 to 15 percent
range for the quarter.

Corning Technologies  recorded  first-quarter sales of $388 million, an increase
over  fourth-quarter  sales of $367 million.  Corning's display glass sales were
fueled by strong  demand for flat screen  desktop  monitors,  the  popularity of
notebook  computers  and  growing  interest  in  liquid  crystal  display  (LCD)
televisions.  Sequential  quarterly  display  glass  volume  gains were about 10
percent  and LCD glass  pricing  was stable.  Corning's  environmental  products
business  experienced  volume  increases  worldwide.  Both of  these  businesses
benefited from favorable exchange rates.

Corning's  first-quarter  results benefited from the initial  recognition of $17
million of equity earnings from Dow Corning Corporation.  Corning's total equity
earnings for the first quarter were $59 million.

Liquidity Update
Corning  said that it ended the first  quarter  with  $1.85  billion in cash and
short-term investments, a decline from $2.1 billion at the end of last year. The
decline was primarily due to the use of cash to retire debt. Operating cash flow
included a $191 million federal income tax refund.

In the first quarter,  Corning used $251 million for scheduled  debt  repayments
and open market repurchases.  In addition,  Corning exchanged 6.5 million shares
of Corning common stock for debt with an accreted value of $43 million.  Corning
said that it might continue from  time-to-time  to retire its debt securities in
open market,  privately  negotiated  or other  transactions.  Corning  ended the
quarter with a  debt-to-capital  ratio of 45.6  percent,  down from 46.7 percent
from year-end.

Second-Quarter Outlook
Corning  said that it  expects  second-quarter  sales to be in the range of $715
million to $745 million.  It also anticipates  results in the range of a loss of
$0.02 per share to income of $0.01 per share.  These results  exclude the impact
of  previously  announced  restructuring  charges  and  any  adjustments  to the
asbestos settlement reserve required by movement in Corning's stock price.




                                     (more)








Corning Reports First-Quarter Results
Page Three


Corning expects continued strong  performance from its LCD glass business,  with
sequential  volume gains of about 10 percent and stable pricing.  Second quarter
fiber volumes are expected to decline  sequentially by about 25 percent,  driven
by the seasonal  slowdowns in Japan and the continued  softness across the North
American market.

Corning  said it also  continues to explore a number of options for its Photonic
Technologies business and expects to reach a decision by mid-year.

James B. Flaws, vice chairman and chief financial officer,  said, "Putting aside
the strength of our fiber and cable  business in Asia last  quarter,  we are not
seeing a lift in our telecommunications  businesses,  but this does not surprise
us. Global events,  the long winter in North America and the overall  malaise in
the economy appear to be delaying any potential seasonal improvements in telecom
sales. We anticipate that with normal  seasonality in the Japanese fiber market,
there will be a pick up in volume in the second half of the year.

Flaws said that the company has been closely  monitoring  external trends across
all its markets and said,  "While it is too early to tell, there are indications
that a general  economic slow down in North America may affect some of Corning's
businesses  such  as  Environmental   Technologies  where  potential   inventory
corrections in the auto industry could dampen second-quarter sales. However, our
plan to return to profitability is mostly dependent on strong performance of our
display business and our own cost cutting actions. Our first-quarter performance
on these fronts was strong and we remain optimistic that our profitability  goal
is achievable."

About Corning Incorporated
Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge
technologies  that offer growth  opportunities  in markets that fuel the world's
economy.  Corning manufactures optical fiber, cable and photonic products in its
Telecommunications   segment.   Corning's   Technologies   segment  manufactures
high-performance  display  glass,  and  products  for  the  environmental,  life
sciences, and semiconductor markets.

First-Quarter Conference Call Information
The  company  will  host a first  quarter  conference  call at 8:30  a.m.  ET on
Wednesday, April 23, 2003. To access the call, dial (312) 470-0008. The password
is  Corning.  The  leader  is  Sofio.  A  replay  of  the  call  will  begin  at
approximately  10:30 a.m. ET and will run through 5 p.m. ET,  Wednesday,  May 7,
2003. To listen, dial (402) 220-4617,  no passcode required. To listen to a live
audio webcast of the call at 8:30 a.m. on Wednesday,  April 23, please go to our
Web site and follow the instructions: http://www.corning.com/investor_relations.
The webcast will be archived for 14 days following the call.

                                     (more)







Corning Reports First-Quarter Results
Page Four


Forward-Looking and Cautionary Statements
This press release contains forward-looking statements that involve a variety of
business risks and other uncertainties that could cause actual results to differ
materially.  These risks and uncertainties include the possibility of changes or
fluctuations in global economic  conditions;  currency  exchange rates;  product
demand and industry capacity; competitive products and pricing; availability and
costs  of  critical  components  and  materials;  new  product  development  and
commercialization;  order  activity  and demand  from major  customers;  capital
spending  by  larger  customers  in the  telecommunications  industry  and other
business  segments;  the mix of sales between premium and non-premium  products;
possible disruption in commercial activities due to terrorist activity and armed
conflict;  ability to obtain  financing and capital on  commercially  reasonable
terms;  acquisition and divestiture activities;  the level of excess or obsolete
inventory;  the ability to enforce patents;  product and components  performance
issues; and litigation. These and other risk factors are identified in Corning's
filings with the Securities and Exchange Commission.  Forward-looking statements
speak  only  as of the day  that  they  are  made,  and  Corning  undertakes  no
obligation to update them in light of new information or future events.



                                       ###






                  CORNING INCORPORATED AND SUBSIDIARY COMPANIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
               (Unaudited; in millions, except per share amounts)





                                                                             For the three months ended
                                                                                      March 31,
                                                                            ----------------------------
                                                                                2003             2002
                                                                            ----------        ----------

                                                                                         
Net sales                                                                    $     746         $     839
Cost of sales                                                                      546               655
                                                                             ---------         ---------

Gross margin                                                                       200               184

Operating expenses:
   Selling, general and administrative expenses                                    152               188
   Research, development and engineering expenses                                   93               126
   Amortization of purchased intangibles                                             9                11
   Restructuring, impairment and other charges and credits                          51
                                                                             ---------         ---------

Operating loss                                                                    (105)             (141)

Interest income                                                                      8                14
Interest expense                                                                   (40)              (48)
Asbestos settlement                                                               (298)
Gain on repurchases of debt, net of inducements                                      4
Other expense, net                                                                 (14)               (9)
                                                                             ---------         ---------

Loss from continuing operations before income taxes                               (445)             (184)
Benefit for income taxes                                                          (144)              (50)
                                                                             ---------         ---------

Loss from continuing operations before minority interests
  and equity earnings                                                             (301)             (134)
Minority interests                                                                  37                 6
Equity in earnings of associated companies                                          59                30
                                                                             ---------         ---------

Loss from continuing operations                                                   (205)              (98)
Income from discontinued operations, net of income taxes                                               8
                                                                             ---------         ---------

Net loss                                                                     $    (205)        $     (90)
                                                                             =========         =========

Basic and diluted loss per common share from:
     Continuing operations                                                   $   (0.17)        $   (0.10)
     Discontinued operations
                                                                             ---------         ---------
Loss per common share                                                        $   (0.17)        $   (0.10)
                                                                             =========         =========

Shares used in computing per share amounts for basic and
  diluted loss per common share                                                  1,200               945
                                                                             =========         =========



See Notes to Consolidated Financial Statements.





                  CORNING INCORPORATED AND SUBSIDIARY COMPANIES
                           CONSOLIDATED BALANCE SHEETS
                     (In millions, except per share amounts)




                                                                                           Unaudited
                                                                                           March 31,         December 31,
                                                                                             2003                2002
                                                                                         -----------        -------------
                                                                                                        
ASSETS

Current assets:
   Cash and cash equivalents                                                              $   1,127           $   1,426
   Short-term investments, at fair value                                                        722                 664
                                                                                          ---------           ---------
     Total cash and short-term investments                                                    1,849               2,090
   Trade accounts receivable, net                                                               494                 470
   Inventories                                                                                  556                 559
   Deferred income taxes                                                                        323                 296
   Other accounts receivable                                                                    140                 358
   Prepaid expenses and other current assets                                                     58                  52
                                                                                          ---------           ---------
       Total current assets                                                                   3,420               3,825

Restricted cash and investments                                                                  82                  82
Investments                                                                                     773                 769
Property, net                                                                                 3,576               3,705
Goodwill                                                                                      1,721               1,715
Other intangible assets, net                                                                    205                 213
Deferred income taxes                                                                         1,018                 887
Other assets                                                                                    202                 210
                                                                                          ---------           ---------

Total Assets                                                                              $  10,997           $  11,406
                                                                                          =========           =========

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
   Loans payable                                                                          $     145           $     204
   Accounts payable                                                                             299                 339
   Other accrued liabilities                                                                  1,115               1,137
                                                                                          ---------           ---------
       Total current liabilities                                                              1,559               1,680

Long-term debt                                                                                3,710               3,963
Postretirement benefits other than pensions                                                     609                 617
Other liabilities                                                                               512                 396
Commitments and contingencies
Minority interests                                                                               19                  59
Shareholders' equity:
   Preferred stock - Par value $100.00 per share; Shares authorized: 10 million
     Series C mandatory convertible preferred stock - Shares issued: 5.75 million;
     Shares outstanding: 1.55 million                                                           155                 155
   Common stock - Par value $0.50 per share; Shares authorized: 3.8 billion;
     Shares issued: 1,267 million                                                               634                 634
   Additional paid-in capital                                                                 9,671               9,695
   Accumulated deficit                                                                       (5,126)             (4,921)
   Treasury stock, at cost: 61 million; 70 million                                             (613)               (702)
   Accumulated other comprehensive loss                                                        (133)               (170)
                                                                                          ---------           ---------
       Total shareholders' equity                                                             4,588               4,691
                                                                                          ---------           ---------

Total Liabilities and Shareholders' Equity                                                $  10,997           $  11,406
                                                                                          =========           =========


Certain amounts for 2002 were reclassified to conform with 2003 classifications.

See Notes to Consolidated Financial Statements.





                  CORNING INCORPORATED AND SUBSIDIARY COMPANIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                            (Unaudited; in millions)



                                                                                        For the three months ended
                                                                                                 March 31,
                                                                                        --------------------------
                                                                                            2003           2002
                                                                                         ---------       ---------
                                                                                                  
Cash flows from operating activities:
   Loss from continuing operations                                                        $   (205)     $   (98)
   Adjustments to reconcile loss from continuing operations
      to net cash provided by (used in) operating activities:
     Amortization of purchased intangibles                                                       9           11
     Depreciation                                                                              118          157
     Asbestos settlement                                                                       298
     Restructuring, impairment and other charges and credits                                    51
     Gain on repurchases of debt, net of inducements                                            (4)
     Undistributed earnings of associated companies                                              1           23
     Minority interests, net of dividends paid                                                 (37)          (6)
     Deferred tax benefit                                                                     (178)         (87)
     Interest expense on convertible debentures                                                  7           10
     Restructuring payments                                                                    (94)         (58)
     Increases in restricted cash                                                               (3)
     Income tax refund                                                                         191
     Changes in certain working capital items:
        Trade accounts receivable                                                              (13)         (26)
        Inventories                                                                              7            1
        Other current assets                                                                    10           34
        Accounts payable and other current liabilities, net of restructuring payments         (118)        (154)
     Other, net                                                                                (17)          (9)
                                                                                          --------      -------
Net cash provided by (used in) operating activities                                             23         (202)
                                                                                          --------      -------

Cash flows from investing activities:
   Capital expenditures                                                                        (55)        (101)
   Net proceeds from sale of precision lens business                                             9
   Net proceeds from sale or disposal of assets                                                 13            5
   Short-term investments - acquisitions                                                      (428)        (603)
   Short-term investments - liquidations                                                       369          919
   Restricted investments - liquidations                                                         3
   Other, net                                                                                    1
                                                                                          --------      -------
Net cash (used in) provided by investing activities                                            (88)         220
                                                                                          ---------     -------

Cash flows from financing activities:
   Net repayments of loans payable                                                             (62)        (143)
   Proceeds from issuance of long-term debt                                                                  11
   Repayments of long-term debt                                                               (189)          (4)
   Proceeds from issuance of common stock, net                                                   3           15
   Cash dividends paid to preferred shareholders                                                (3)
                                                                                          --------      -------
Net cash used in financing activities                                                         (251)        (121)
                                                                                          --------      -------
Effect of exchange rates on cash                                                                17           (6)
                                                                                          --------      -------
Cash used in continuing operations                                                            (299)        (109)
Cash provided by discontinued operations                                                                     30
                                                                                          --------      -------
Net decrease in cash and cash equivalents                                                     (299)         (79)
Cash and cash equivalents at beginning of period                                             1,426        1,037
                                                                                          --------      -------

Cash and cash equivalents at end of period                                                $  1,127      $   958
                                                                                          ========      =======


Certain amounts for 2002 were reclassified to conform with 2003 classifications.

See Notes to Consolidated Financial Statements.





                  CORNING INCORPORATED AND SUBSIDIARY COMPANIES
                                 SEGMENT RESULTS
                            (Unaudited; in millions)




                                                         Telecom-                       Non-segment/   Consolidated
                                                        munications    Technologies      Other items       Total
                                                        -----------    ------------     ------------   ------------
                                                                                             
For the three months ended March 31, 2003
Net sales                                               $    352         $    388        $      6        $   746
Research, development and engineering expenses          $     38         $     55                        $    93
Restructuring, impairment and other (credits) charges   $     (9)        $     60                        $    51
Interest expense                                        $     21         $     19                        $    40
Benefit for income taxes                                $    (25)        $     (7)       $   (112)       $  (144)
Loss before minority interests and equity (losses)
  earnings                                              $    (60)        $    (55)       $   (186)       $  (301)
Minority interests                                                             37                             37
Equity in (losses) earnings of associated companies           (3)              44              18             59
                                                        --------         --------        --------        -------
Net (loss) income                                       $    (63)        $     26        $   (168)       $  (205)
                                                        ========         ========        ========        =======

For the three months ended March 31, 2002
Net sales                                               $    465         $    369        $      5        $   839
Research, development and engineering expenses          $     86         $     40                        $   126
Interest expense                                        $     32         $     16                        $    48
(Benefit) provision for income taxes                    $    (64)        $     (1)       $     15        $   (50)
(Loss) income before minority interests and equity
  (losses) earnings                                     $   (138)        $     (4)       $      8        $  (134)
Minority interests                                                              6                              6
Equity in (losses) earnings of associated companies           (4)              33               1             30
Income from discontinued operations                                                             8              8
                                                        --------         --------        --------        -------
Net (loss) income                                       $   (142)        $     35        $     17        $   (90)
                                                        ========         ========        ========        =======



Non-segment/other items net (loss) income is detailed below:



                                                                                    Three months ended
                                                                                        March 31,
                                                                                --------------------------
                                                                                  2003             2002
                                                                                --------         ---------

                                                                                           
Non-segment income (loss) and other (1)                                         $    (12)        $       9
Interest income                                                                        8                14
Asbestos settlement                                                                 (298)
Gain on repurchases of debt, net of inducements                                        4
Benefit (provision) for income taxes                                                 112               (15)
Equity in earnings of associated companies (2)                                        18                 1
Income from discontinued operations                                                                      8
                                                                                --------         ---------
Net (loss) income                                                               $   (168)        $      17
                                                                                ========         =========


(1)  Includes non-segment operations and other corporate activities.
(2)  Includes  amounts  derived  from  corporate   investments  and  activities,
     primarily Dow Corning Corporation - $17 million.






                  CORNING INCORPORATED AND SUBSIDIARY COMPANIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)



1.   Restructuring, Impairment and Other Charges and Credits

In the first quarter of 2003,  Corning recorded charges for the shut-down of the
conventional  video components  business and the optical  switching product line
which were  announced on April 15, 2003 and  February  13,  2003,  respectively.
Corning also recorded  credits related to the  restructuring  reserve  discussed
below.

Conventional video components business

Corning  Asahi Video  Products  Company,  a 51% owned  consolidated  subsidiary,
(conventional  video  components  business,  or CAV), is a manufacturer of glass
panels and funnels for use in conventional  tube  televisions and is reported in
the Technologies segment.

On April 15,  2003,  Corning  announced  that it had agreed  with its partner to
cease  production.  Corning  impaired the long-lived  assets of this business to
estimated  salvage  value and  recorded a charge of $62  million,  ($19  million
after-tax  and  minority  interest).  Restructuring  costs  are  expected  to be
recorded  in the  second  quarter  and total $80  million to $110  million  ($20
million to $35 million  after-tax and minority  interest).  Corning  expects the
restructuring  costs to require  $40  million to $65  million in cash  spending.
Corning  has agreed with its partner to a shared  funding  arrangement  based on
proportional partnership interests.

Optical Switching

Corning recorded a charge of $17 million  associated with the  discontinuance of
the optical switching product line in the photonic  technologies business due to
the  downturn  in the  telecommunications  industry.  In  addition  to the first
quarter charges,  Corning expects to record charges of $10 million in the second
quarter for certain exit costs.

Impairment of Cost Investments

In the first  quarter,  Corning  recorded a $5 million  ($3  million  after-tax)
charge for other than temporary  declines in certain  investments  accounted for
under the cost method in the Telecommunications segment.

Credits

The current  restructuring  reserve continues to be evaluated as plans are being
executed.  As a  result,  there  may be  additional  charges  or  reversals.  In
addition,  since the restructuring  program is an aggregation of many individual
plans  currently  being  executed,  actual costs have  differed  from  estimated
amounts.  During the first  quarter,  Corning  recorded  credits of $33  million
related to revised cost estimates of existing  restructuring  plans of which $24
million related to employee  separation and exit costs, while $9 million related
to  adjustments  to  assumed  salvage  values  of assets  that  were  previously
impaired.

2.   Asbestos Settlement

On March 28, 2003,  Corning  announced  that it had reached  agreement  with the
representatives  of asbestos  claimants  for the  settlement  of all current and
future asbestos claims against Corning and Pittsburgh Corning Corporation (PCC),
which might arise from PCC products or operations.






The agreement is expected to be incorporated into a settlement fund as part of a
reorganization  plan  for  PCC.  The  plan  will  be  submitted  to the  federal
bankruptcy court in Pittsburgh for approval,  and is subject to a favorable vote
by 75 percent of the asbestos claimants voting on the PCC  reorganization  plan.
Corning will make its  contributions to the settlement trust under the agreement
after the plan is approved and no longer subject to appeal. The approval process
could take one year or longer.

Corning's  settlement  will  require  the  contribution,  when the plan  becomes
effective,  of Corning's equity interest in PCC, its one-half equity interest in
Pittsburgh  Corning  Europe N.V.  (PCE), a Belgian  corporation,  and 25 million
shares of Corning  common  stock.  Corning also will make cash  payments  with a
current  value of $130  million  over  six  years  beginning  in June  2005.  In
addition,  Corning  will  assign  insurance  policy  proceeds  from its  primary
insurance  and a portion  of its  excess  insurance  as part of the  settlement.
Corning recorded a charge of $298 million ($192 million  after-tax) in the first
quarter.  The carrying value of Corning's  stock in PCE and the fair value as of
March 31, 2003, of 25 million shares of Corning common stock have been reflected
in current liabilities. The remaining $130 million, representing the net present
value of the cash  payments,  discounted  at 5.5%,  is  recorded  in  noncurrent
liabilities.  Any changes in the value of Corning's  common  stock  contribution
will need to be recognized in Corning's  quarterly  results  through the date of
contribution to the settlement trust.

3.   Gain on Repurchases of Debt, Net of Inducements

During the first quarter of 2003,  Corning  repurchased and retired 298,500 zero
coupon convertible debentures with an accreted value of $231 million in exchange
for cash of $189  million in a series of  open-market  repurchases.  Also in the
first  quarter  Corning  issued 6.5 million  shares of treasury  common stock in
exchange for zero coupon  convertible  debentures  with an accreted value of $43
million.  Corning  recorded  a net gain of $4  million  ($3  million  after-tax)
associated  with  retirements of its zero coupon  convertible  debentures in the
first  quarter.  The  increase  in equity  due to the  issuance  of shares  from
treasury stock was $77 million.

4.   Income Tax

In the first quarter of 2003, the effective tax benefit rate  excluding  certain
items  such  as  restructuring,   impairment,   asbestos   settlement  and  debt
transactions was 30%.






                              CORNING INCORPORATED
                           QUARTERLY SALES INFORMATION
                                  (In millions)




                                                                                  2003
                                                     -------------------------------------------------------------
                                                         Q1           Q2           Q3           Q4          Total
                                                     --------     --------      -------      -------      --------
                                                                                           
Telecommunications
   Fiber and cable                                   $    193     $             $            $            $    193
   Hardware and equipment                                 122                                                  122
   Photonic technologies                                   18                                                   18
   Controls and connectors                                 19                                                   19
                                                     --------     --------      -------      -------      --------
     Segment net sales                               $    352     $             $            $            $    352
                                                     ========     ========      =======      =======      ========


Technologies
   Display technologies                              $    117     $             $            $            $    117
   Environmental                                          115                                                  115
   Life sciences                                           73                                                   73
   Conventional video components                           25                                                   25
   Other technologies businesses                           58                                                   58
                                                     --------     --------      -------      -------      --------
     Segment net sales                               $    388     $             $            $            $    388
                                                     ========     ========      =======      =======      ========






                                                                                  2002
                                                     -------------------------------------------------------------
                                                         Q1           Q2           Q3           Q4          Total
                                                     --------     --------      -------      -------      --------
                                                                                           
Telecommunications
   Fiber and cable                                   $    255     $    212      $   195      $   197      $    859
   Hardware and equipment                                 135          153          136          128           552
   Photonic technologies                                   36           39           17           19           111
   Controls and connectors                                 39           33           18           19           109
                                                     --------     --------      -------      -------      --------
     Segment net sales                               $    465     $    437      $   366      $   363      $  1,631
                                                     ========     ========      =======      =======      ========


Technologies
   Display technologies                              $     93     $    102      $   106      $   104      $    405
   Environmental                                           94          102          102           96           394
   Life sciences                                           70           74           71           65           280
   Conventional video components                           43           41           47           35           166
   Other technologies businesses                           69           66           66           67           268
                                                     --------     --------      -------      -------      --------
     Segment net sales                               $    369     $    385      $   392      $   367      $  1,513
                                                     ========     ========      =======      =======      ========






The above  supplemental  information  is  intended  to  facilitate  analysis  of
Corning's businesses.





                                                                    Exhibit 99.2






FOR RELEASE -- APRIL 24, 2003


Media Relations Contact:                Investor Relations Contact:
Monica L. Ott                           Kenneth C. Sofio
(607) 974-8769                          (607) 974-7705
ottml@corning.com                       sofiokc@corning.com



                      Corning Chairman tells Shareholders:
                               "We are Succeeding"

            After challenging time, sees a bright future for Corning


CORNING,  N.Y. -- A year after  returning  to the helm,  Corning  Incorporated's
(NYSE:GLW) Chairman and CEO, James R. Houghton, today told shareholders that the
company is succeeding with its plan to return to profitability.

"Last year, I told you that we, as a company,  were up to the  challenge  before
us. I told you that we would focus our priorities in three very distinct  areas;
that we would dedicate all our energies toward  preserving our financial health,
toward returning to  profitability,  and toward investing in our future...I told
you that in all these areas we would succeed. My friends, one year later, we are
succeeding," Houghton said.

Houghton's remarks were part of his annual address to more than 500 shareholders
assembled  for the  company's  annual  meeting in  Corning,  N.Y. He thanked the
audience for their confidence and support in the company and presaged  Corning's
promising future, "As the economy recovers and the business world begins to look
around  to see  who's  still  standing,  they'll  see  Corning  because  we have
continued  to believe  we had a future  and we have taken  steps so it will be a
bright one."

Financial health and profitability
Houghton pointed out that the company's  first-quarter  results were break even,
excluding  one-time  charges,  "and our first  quarter  operating  cash flow was
positive." He praised  management's  efforts at reducing  costs and  eliminating
slightly more than $1 billion in debt over the past 15 months.


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Corning Chairman tells Shareholders:  "We are Succeeding"
Page Two


The chairman also outlined the company's  progress  toward its goal of returning
to  operating  profitability,   highlighting  its  broad  and  diverse  business
portfolio as a source of strength.  "The two keys to our return to profitability
will be the cost reduction from last year's  restructuring and the momentum from
businesses  in what we call our  Corning  Technologies  segment,"  he  said.  In
particular,  Houghton  noted that the  liquid-crystal  display  business,  which
creates the glass used in flat panel desktop  computers,  notebook computers and
the new LCD  televisions  are  beginning  to  revolutionize  the  communications
industry.  Houghton also said Corning's  environmental products business is well
positioned  for  continued  global  growth  in both the  automotive  and  diesel
markets.

Houghton reaffirmed Corning's commitment to optical communications and said that
the company  expects  growth of its  telecommunications  business to return over
time.

He also told shareholders that the company is monitoring  external trends across
all of its  markets,  "...the  timing  of our  recovery  is  affected,  in great
measure,  by how the economy  recovers in the wake of the war in Iraq.  If world
events  continue  to  put a  drain  on  consumer  confidence,  on  our  business
expansions and on the general  economy,  both here and around the world, we will
be affected too."

Investing in the future
Houghton  reminded   shareholders  of  the  company's  continued  commitment  to
innovation,  "And while we have dealt with our current day business  challenges,
we have continued to keep a steady eye on our  future...today  we are broadening
our presence in exciting  industries  where we are already  leaders."  Among the
areas he highlighted  were new ways of making flat panel glass, new technologies
in the diesel  emission  control  market,  new properties for producing  optical
fiber and improved processes to enable new generations of drug discovery.

Looking  ahead  Houghton  said  that  while the  company  may  continue  to face
challenging  times, it will not change its three focus areas. "We firmly believe
in the plan we have charted for  ourselves  and we will pursue it  relentlessly,
because it will pay off."

In other business,  shareholders  re-elected the following  directors:  James B.
Flaws, vice chairman and chief financial officer, Corning Incorporated; James R.
Houghton, chairman and chief executive officer, Corning Incorporated;  Jeremy R.
Knowles,  Amory  Houghton  professor  of  chemistry  and  biochemistry,  Harvard
University; James J. O'Connor, retired chairman of the board and chief executive
officer,  Unicom  Corporation;  Deborah D. Rieman,  retired  president and chief
executive officer, Check Point Software Technologies, Incorporated; and Peter F.
Volanakis, president of Corning Technologies, Corning Incorporated.





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Corning Chairman tells Shareholders:  "We are Succeeding"
Page Three


Shareholders  also  approved  the  2003  variable  compensation  plan,  which is
designed to provide a competitive  incentive  opportunity  to attract and retain
key  executives;  the 2003  equity  plan for  non-employee  directors,  which is
designed to assist Corning in attracting and retaining  highly  qualified  board
members;  and the amendment of the 2000 employee equity  participation  program,
which permits employees to obtain equity ownership in Corning.

About Corning Incorporated
Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge
technologies  that offer growth  opportunities  in markets that fuel the world's
economy.  Corning manufactures optical fiber, cable and photonic products in its
Telecommunications   segment.   Corning's   Technologies   segment  manufactures
high-performance  display  glass,  and  products  for  the  environmental,  life
sciences, and semiconductor markets.

Webcast Information
The  company  will host a live  audio  webcast  of the 2003  annual  meeting  of
shareholders  in Corning,  N.Y.,  available from 11 a.m. to 12:15 p.m. ET, April
24, 2003. To access the webcast, go to  http://www.corning.com  and click on the
webcast  icon.  No password or  registration  is  required.  The webcast will be
archived on the Web site for 14 days after the broadcast.

Forward-Looking and Cautionary Statements
This press release contains forward-looking statements that involve a variety of
business risks and other uncertainties that could cause actual results to differ
materially.  These risks and uncertainties include the possibility of changes or
fluctuations in global economic  conditions;  currency  exchange rates;  product
demand and industry capacity; competitive products and pricing; availability and
costs  of  critical  components  and  materials;  new  product  development  and
commercialization;  order  activity  and demand  from major  customers;  capital
spending  by  larger  customers  in the  telecommunications  industry  and other
business  segments;  the mix of sales between premium and non-premium  products;
possible disruption in commercial activities due to terrorist activity and armed
conflict;  ability to obtain  financing and capital on  commercially  reasonable
terms;  acquisition and divestiture activities;  the level of excess or obsolete
inventory;  the ability to enforce patents;  product and components  performance
issues; and litigation. These and other risk factors are identified in Corning's
filings with the Securities and Exchange Commission.  Forward-looking statements
speak  only  as of the day  that  they  are  made,  and  Corning  undertakes  no
obligation to update them in light of new information or future events.

                                       ###