On Monday, February 12, Christian Daugherty pitched Corning Inc. (NYSE: GLW) as an addition to our Information Technology holdings. Corning is a highly diversified technology company with five main business segments: Display Technologies, Optical Communications, Specialty Materials, Life Sciences, and Environmental Technologies. Christian expects explosive revenue growth over the next few years in the majority of their segments with their largest segment, Optical Communications, expected to grow from $3.5 to $5 billion in revenue by 2020 on the back of their recent expansion and M&A activities. Corning’s continued focus on innovation, evidenced by their large investment in research, development and engineering, has allowed the company to continue to grow and adapt. He also believes that their Strategy and Capital Allocation Framework, which promises to deploy $26 to $30 billion for increased M&A, capital expenditures, share repurchases, and increased dividends, has revitalized Corning from a business and shareholder perspective. Christian is confident that Corning will be an exceptional long-term position in the portfolio. He motioned to purchase 200 shares of GLW; the motion passed unanimously.