Corning Sells Frequency Control Business to Vectron

Corning agreed to sell its frequency control business to Vectron International, a supplier of crystal and Surface Acoustic Wave (SAW) products. Corning Frequency Control (CFC), part of Corning's telecommunications segment, was acquired in 2000 as part of Corning's purchase of Oak Industries. CFC designs and manufactures precision crystal oscillators, resonators, and filters that serve as stable frequency references for a broad range of wireless and wireline communications technologies. Financial terms were not disclosed. http://www.corning.com