Corning (GLW) posts $0.44 (excluding special item), vs. $0.40 first quarter EPS on 24% sales rise. Current results exclude a non-cash credit of $327 million pretax, after-tax related to the pending Pittsburgh Corning Corporation bankruptcy proceeding. Sees $0.47-$0.50 second quarter EPS (excluding special item) on $1.71-$1.75 billion sales. S&P maintains strong buy. Corning makes the glass LCD screens for TVs. The earnings report shows a huge market for these screens. The lower dollar makes Corning a good buy for International TV manufacturers.