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Xerox Corp. (XRX - Get Report) CEO Jeff Jacobson late Tuesday defended a joint venture that preceded the document technology company's blockbuster combination with Fujifilm Holdings Corp. (FUJIY) announced last month, even as he faces an insurgency initiated by Carl Icahn and another large ...
Icahn and Xerox's third-largest shareholder, Darwin Deason, both have raised concerns about the joint venture between Xerox and Fujifilm, which was set up by both companies years ago, well before the merger was announced. Icahn and Deason have argued that they would have preferred that the JV ...
Taking further steps against the merger, Xerox (nyse:XRX) shareholder Darwin Deason has asked a court to block the firm's combination with Fujifilm (OTCPK:FUJIY), claiming it "undervalues the company. " Xerox has countered the claims saying that the merger seemed to be the best path for the ...
Xerox Corp.'s third-biggest shareholder sued to block its plan to turn over control to Fujifilm Holding Corp., calling the deal a one-sided transaction that leaves investors in the once-iconic photocopy maker virtually powerless. Darwin Deason asked a judge to halt the deal and terminate existing joint venture ...
Xerox is about to disappear into Japan's Fujifilm, its longtime joint venture partner in Fuji Xerox. The parent company of Sears, after years of declining sales, store closings, and generally disappearing presence in the marketplace, last year told investors that "substantial doubt exists" about its ability to ...

The MPS Accreditation Program, launched by Xerox in July 2017, provides specialized training, sales and marketing support and exclusive analytics tools to the vendor's top managed print services providers. The program stacks on top of Xerox's partner authorization program and features three tiers of ...
Xerox announced the $6.1 billion deal Jan. 31 after coming under pressure during the past year from Icahn and fellow investor Darwin Deason to undertake changes to increase the value of its shares. Xerox CEO Jeff Jacobson told investors late last month he did not speak with Icahn during negotiations ...
It is no secret that Xerox's performance in recent quarters has been lackluster. Earnings are hardly the issue of concern; they have been solid enough to keep the company in sight of many avid investors. What's concerning is the lack of strategic foresight that has manifested itself in Xerox's market value that ...
Both Xerox and Kodak were part of the Nifty 50 high flying stocks in the early 1970s, a list that includes many companies that are long gone. Those that have survived, including GE, IBM, and AT&T, have done so by morphing into something else. A time traveler from the '70s wouldn't recognize them today.
While Xerox has restructured and is slowly turning around, based on our projections and expectations the name is to be avoided. The top line is essentially stagnant, while expenses are well managed. Cash flows and cash position are bullish for the company, and investors should closely watch how the ...
In recent years, Xerox had lost its innovative stride, and shareholders had been clamoring for change. Also, Fujifilm touted a $22 billion valuation while Xerox (NYSE: XRX) -- founded in 1906 in Rochester, New York -- was hovering at $8 billion. One especially loud activist investor, Carl Icahn, called on ...
If they simply hold their shares through the transaction, which is projected to conclude in the second half of 2018, Xerox investors stand to receive a mix of cash and stock. Specifically, at closing the deal will deliver $2.5 billion, or $9.80 per share, in cash to shareholders in the form of a one-time special ...
Nearly a week after the announcement of the Fuji Xerox deal, A former Kodak exec, now a professor of business administration at the U of R's Simon school, talks about what the deal might mean for future revenue growth. Also, why the United Arab Emirates invested in an RIT campus that's in Dubai, and ...
Rochester, N.Y. (WHAM) - For the first time, the family of the man who helped to build Xerox is responding to the news that Xerox is being taken over by Fujifilm. Joseph Wilson developed the Xeroxography process and turned Xerox into a billion dollar company. He also became a key player in the Rochester community.
As much as any American company, Xerox has seen its horizons lighten and darken in extremes over the course of its history, from its invention of photocopying that revolutionized office work; to subsequent pressure from copycat competitors in Japan; to Xerox's famous failure to capitalize on the invention ...

Tokyo -- About 10 years ago, Shigetaka Komori, then president of Fujifilm Holdings, told a Nikkei reporter: "If I were 10 years younger, I would have considered buying Xerox." A deal to purchase its U.S. partner did not materialize, partly because Fujifilm had a lot on its hands at the time. It was about to get ...
Carl Icahn sold 1.16M shares of Xerox (NYSE:XRX) over the past few days, according to an SEC filing. That came amid the news that Fujifilm was taking majority control of Xerox through its Fuji Xerox venture. Icahn sold 657,502 shares Wednesday for $35.05 each, 499,370 shares on Thursday for $33.76, ...
Emerson Fullwood worked for Xerox for 36 years, in a variety of roles, including having been president of the company's Worldwide Customer Services Group. The Pittsford resident also is still a member of various corporate boards, including the Vanguard Group and SPX corporation, and he has been an ...
Good morning, and welcome to the Xerox corporation Fourth Quarter 2017 Earnings Release Conference Call, hosted by Jeff Jacobson, Chief Executive Officer. He's joined by Bill Osbourn, Chief Financial Officer. During this call, Xerox executives will refer to slides that are available on the web at ...
When Xerox introduced its popular copying machines in 1959, their wizardry was considered as high tech as the iPhone when Steve Jobs presented it to the world almost 50 years later. But just as Xerox made carbon paper obsolete, the iPhone, Google Docs and the cloud made Xerox a company of the ...
Japan's Fujifilm is taking control of Xerox and shedding 10,000 jobs at their existing joint venture in Asia. Struggling with falling demand for copiers and printers, Xerox has agreed to merge its operations with Fuji Xerox, the joint venture that has been in business since 1962, the companies said Wednesday.
Shares of Xerox Corp. XRX, -3.42% surged in after-hours trading Tuesday after a Wall Street Journal report that Japan's Fujifilm Holdings Corp. 4901, -1.21% was nearing a deal to buy a little more than half of the company. The Journal said a deal could be announced as soon as Wednesday. Xerox shares ...
Webster, N.Y. (13WHAM) - While Xerox' decision to shift its employees from downtown to Webster may not be great news for Rochester, business owners in Webster say they're preparing for a spike in their bottom lines. "It's sad that another group of people are moving out of the city," said Eugene Giordano, the owner of ...
Xerox (nyse:XRX) will host a live audio webcast with online presentation slides at 10 a.m. ET on Wednesday, Jan. 31 to discuss the company's 2017 fourth-quarter and full-year results, and 2018 guidance. A news release containing this information will be issued earlier that day at 6:45 a.m. ET.
Xerox Corp. plans to relocate the remainder of its Xerox Square staff to the Webster campus over the next few months, officials said Friday. Xerox has negotiated an early termination of its lease for the downtown Rochester facility and will transition several hundred of its 3,400 Monroe County employees to ...
Xerox is leaving downtown Rochester. On Friday, the company announced it would relocate all of its employees from Xerox Square to its Phillips Road campus in the town of Webster by the end of the year. The transition will be staggered throughout the year as new workspaces are readied, and Xerox will ...
By all accounts, 2018 is going to be a year of big changes for Xerox. On Friday, the company announced it was vacating its downtown office space at Xerox Square. The tower has loomed over Rochester for 50 years, holding a prominent place in the city's skyline and serving as a visible symbol of the ...
Coming off the largest product launch in company history last year, Xerox has entered 2018 aiming to better position its channel partners as differentiated services providers. Security is quickly becoming one such way the print giant can drive that initiative forward. Those efforts were highlighted this week at ...
Xerox has announced a leadership change, but not the one some investors were hoping for. Dan Cooper is set to take the helm at Florida-based subsidiary Global Imaging Systems (GIS), taking over from Tom Salierno as CEO, who is retiring in April after six years in the role. Cooper has been with GIS for almost 20 years ...
Xerox Corp.'s stock XRX, +2.64% rallied 3.1% in morning trade Monday, after the Carl Icahn and Darwin Deason, two of the document and communication services company's three largest shareholders, called for the company to explore strategic alternatives and for the immediate removal of Chief ...
investor Carl Icahn and Darwin Deason, top shareholders of Xerox (NYSE:XRX) that together own 15.7% of the photocopier pioneer, are pushing the company to explore options, including a sale of the firm, WSJ reports. The alliance also plans to ask Xerox to break its long-running joint venture with Fujifilm ...
Xerox Corp.'s first- and third-biggest investors, billionaires Carl Icahn and Darwin Deason, have formed an alliance and plan to encourage the printer and copier giant to explore a potential sale, according to people familiar with the matter. The two investors, who together control more than 15% of Xerox's ...
Former Affiliated Computer Services CEO Darwin Deason, who sold his company to Xerox in 2010, blasted the Norwalk, Conn.-based company's handling of the Fujifilm talks in a letter penned to its board of directors on Wednesday. In it, he demanded that Xerox disclose details of its "critical joint venture ...
Xerox Corp. is in talks with longtime joint venture partner Fujifilm about a deal that could include a change of control at Xerox, according to The Wall Street Journal. Why it matters: Because this could give Xerox shareholder Carl Icahn exactly what he's been asking for. Show less. Keep reading91 Words.
The document-services company made major inroads with partners in 2017, hiring a longtime Brocade and Tech Data channel sales leader to head its global channel strategy. Xerox also bolstered its channel program in December with the addition of two new partners. The company says it sees an ...
The birthplace of such iconic brands as Eastman Kodak, Xerox and Bausch + Lomb, Rochester was the very definition of a 20th century boomtown. Together, these three companies employed some 60 percent of the city's workforce in the 1980s. But by 2012, that figure had dropped to six percent, leaving ...
And while it isn't clear what kind of transaction may be shaping up TheStreet believes it could be one that seeks to help Xerox CEO Jeff Jacobson keep his job. ... Icahn worries that Xerox could follow in the footsteps of Eastman Kodak, a former corporate leader that later experienced a significant decline.
Decision Time: Xerox corporation (nyse:XRX) now sits in the perhaps the most difficult technical position -- the stock has no urgency in its direction and that has left it at an inflection point. Watch the key moving average levels that we discuss below and further, watch the stochastics, technical oscillators ...
Xerox corporation (nyse:XRX) shares were trading lower by -1.18 percent ($-0.35) at $29.37 a piece in Monday's session. It had closed the previous session at $29.72. XRX trades with a P/S ratio of 0.72. This is lower than the both industry's 1.13 and the wider sector's 2.67. A low price-to-sales ratio, ...
Xerox corporation (XRX) have shown a high EPS growth of -7.90% in the last 5 years and has earnings decline of -23.70% yoy. analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 ...
(Both the Brother and Dell models use actual lasers.) But it's a little more expensive to buy and use than some of its competition, keeping it from earning an editors' Choice nod. Even so, the Xerox C500/DN is an excellent standalone color laser-class printer for medium-size offices and workgroups that need ...
Xerox Business Services, the Ninth Circuit rejected the argument that the FLSA measures minimum-wage compliance on an hour-by-hour basis; instead, the Ninth Circuit copied the other circuits that have addressed the issue and concluded that minimum-wage compliance is measured by weekly per-hour ...
Exxon Mobil Corporation (nyse:XOM) shares were trading higher by 0.2 percent ($0.17) at $83.46 a piece in Sunday's session. It had closed the previous session at $83.29. XOM trades with a P/S ratio of 1.46. This is higher than the industry's 1.27 but lower compared with the wider sector's 15.62.
Xerox logo Media headlines about Xerox (nyse:XRX) have been trending positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores ...
Three-hundred-plus Xerox executives and their wives had gathered for an annual meeting, and the Parc team had been invited to demo their work. They had a lot to show off--like the Alto networked desktop computers, laser printers, word processing software, email, circuit design tools. More than 100 Parc ...
Should Richard Leon Wilbern go to trial on allegations that he fatally shot a man at a Xerox industrial park credit union in 2003, it will still be many months away. prosecutors and defense lawyers for Wilbern are still waiting for evidence from an iPhone that is now in the possession of the FBI -- and in a ...
Broader demand for managed print services (MPS) solutions among small- and medium-sized businesses will make a big impact on Xerox and our partners. We recently introduced a new MPS Accreditation program that provides access to additional training, sales and assessments tools and marketing ...
As of Sep 30, 2017, Xerox had cash and cash equivalents of $1,781 million while long-term debt was $5,235 million. Net cash used in operating activities for the quarter was $385 million compared with operating cash flow of $370 million in the year-ago period, bringing the respective cash flow tallies for the ...


 

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