This theorem is a significant strengthening of Liouville's theorem which states that the image of an entire non-constant function must be unbounded. Many different proofs of Picard's theorem were later found and Schottky's theorem is a quantitative version of it. In the case where the values of f are missing a single point, this point is called a lacunary value of the function.
Great Picard's Theorem: If an analytic function f has an essential singularity at a point w, then on any punctured neighborhood of w, f takes on all possible complex values, with at most a single exception, infinitely often.
This is a substantial strengthening of the Casorati–Weierstrass theorem, which only guarantees that the range of f is dense in the complex plane. A result of the Great Picard Theorem is that any entire, non-polynomial function attains all possible complex values infinitely often, with at most one exception. The "single exception" is needed in both theorems, as demonstrated here:
ez is an entire non-constant function that is never 0,
e1/z has an essential singularity at 0, but still never attains 0 as a value.
Generalization and current research
Great Picard's theorem is true in a slightly more general form that also applies to meromorphic functions:
Great Picard's Theorem : If M is a Riemann surface, w a point on M, P1 = C ∪ denotes the Riemann sphere and f : M\ → P1 is a holomorphic function with essential singularity at w, then on any open subset of M containing w, the function f attains all but at most two points of P1 infinitely often.
Example: The meromorphic functionf = 1/ has an essential singularity at z = 0 and attains the value ∞ infinitely often in any neighborhood of 0; however it does not attain the values 0 or 1. With this generalization, Little Picard Theoremfollows fromGreat Picard Theorem because an entire function is either a polynomial or it has an essential singularity at infinity. As with the little theorem, the points that are not attained are lacunary values of the function. The following conjecture is related to "Great Picard's Theorem":
Conjecture: Let be a collection of open connected subsets of C that cover the punctured unit diskD \ . Suppose that on each Uj there is an injective holomorphic function fj, such that dfj = dfk on each intersectionUj ∩ Uk. Then the differentials glue together to a meromorphic 1-form on D.
It is clear that the differentials glue together to a holomorphic 1-form g dz on D \ . In the special case where the residue of g at 0 is zero the conjecture follows from the "Great Picard's Theorem".