Jump to ContentJump to Main Navigation
Financing Innovation in the United States, 1870 to the Present$
Users without a subscription are not able to see the full content.

Naomi R Lamoreaux and Kenneth L Sokoloff

Print publication date: 2007

Print ISBN-13: 9780262122894

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262122894.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 19 September 2021

Financing Fiber: Corning’s Invasion of the Telecommunications Market

Financing Fiber: Corning’s Invasion of the Telecommunications Market

Chapter:
(p.247) 6 Financing Fiber: Corning’s Invasion of the Telecommunications Market
Source:
Financing Innovation in the United States, 1870 to the Present
Author(s):

Margaret B. W. Graham

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262122894.003.0007

This chapter tackles what challenges and risks Corning Glass Works faced in the financing of optical fiber innovation. The challenges involved in such a venture included the inventing and developing of the critical part of the new optical fiber system. The greater challenge, however, lay in penetrating a market that was dominated and controlled by the most powerful telephone companies on earth. In their rise to a commanding position in fiber-optic technology, then, Corning had to solve four strategic financial problems. These problems were funding long-term research and development, financing construction and defending intellectual property for a business that did not yet exist, acquiring collateral knowledge of cable and the cable business, and investing in state-of-the-art fiber-optic manufacturing capacity to prepare for predictions of demand.

Keywords:   optical fiber innovation, Corning Glass Works, optical fiber system, fiber-optic technology, cable business, telecommunications market

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.