Corning, with large investments in fiber-optic technology, has been particularly hard hit by the collapse of the telecommunications industry in 2001. With over $ 4 billion in debt, the survival of the company seems to rest on raising additional equity capital. James drawbacks, chief financial officer, is considering raising $ 500 million from the issue of mandatory convertible preferred stock. "Hide
by Malcolm P. Baker, James Quinn Source: Harvard Business School 15 pages. Publication Date: December 1, 2005. Prod. #: 206018-PDF-ENG
