Corning is actually doing fairly well, last I heard. They sold off the housewares line because it was a low-margin commodity field, to focus on high-tech (and high-margin) stuff like touchscreens, fiber optics, and ceramic filter substrates. They've been an R&D-focused company for decades, but R&D doesn't add a lot of value to pots and plates.
(Disclosure: My father is a recent-retired Corning researcher.)
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(Disclosure: My father is a recent-retired Corning researcher.)