Corning and Xerox bask in SOTU limelight
Forget Larry Page becoming the new chieftain at Google or Facebookâ€™s Mark Zuckerberg being crowned Time’s Man of the Year — the only two U.S. business leaders who will be sitting in Michelle Obamaâ€™s private box tonight at the State of the Union addressÂ will beÂ Xeroxâ€™s CEO Ursula Burns and Corning’s CEO Wendell Weeks.
The high profile honors for the decades-old U.S. tech giants just happen to have been conferredÂ in the same week both reportÂ earnings.
Corning, the 159-company which produces specialty glass for flatscreen TVs and more recently, smartphones and tablets, saw its shares rise today by almost 7 percent. While the bumpÂ probably has more to do with the companyâ€™s earnings forecast than tonightâ€™s appearance on Capitol Hill, we’ll just have to wait and see if the special invite has the same effect on Xerox, which reports earnings early tomorrow.
Corning’s first ever consumer ad campaign for its glass