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 Xerox

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updated Thu. May 3, 2018

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Wednesday, April 25, 2018. Press release from the issuing company. Norwalk, Conn. – Xerox continues to hold a leadership position for channel managed print services (MPS) for its broad and accessible portfolio, according to the latest European-focused, worldwide market landscape report by analyst research group ...
Although the dates of the 2018 Xerox annual shareholder meeting have yet to be announced (reports indicate it will be held before the end of June), activist shareholders Darwin Deason and Carl Icahn have launched a full-court press to convince Xerox shareholders to vote against the proposed ...

Xerox CorporationXRX is slated to report first-quarter 2018 results on May 3. While we expect decreasing demand for paper-related systems and unfavorable foreign currency movements to weigh on Xerox's top-line growth, the bottom line is anticipated to be driven by encouraging performance of new ...
Xerox and Fujifilm are reportedly open to the possibility of renegotiating the terms of their historic merger. CNBC on Friday reported that Fuji said during a Thursday open court hearing that the merger under which Norwalk, Conn.-based Xerox would cede a 50.1-percent ownership stake to Tokyo-based ...
Xerox expects the equipment replacements to reduce the USAF's use of government-owned document tools by a maximum of 2000 items. Additionally, Xerox staff will be assigned to manage help desk support, equipment maintenance and print infrastructure for Joint Base Andrews, Joint Base ...
xerox air force According to the Norwalk-based company, each Air Force squadron has been responsible for its own print decisions, thus preventing a centralized management of these activities. Xerox will replace all Air Force equipment with its multifunction devices and take over document management ...

Shares of document management veteran Xerox (NYSE:XRX) fell 11.2% in February, according to data from S&P Global Market Intelligence. The pending merger with Japan-based Fuji Xerox -- itself a 56-year-old joint venture between Xerox and Fujifilm (NASDAQOTH:FUJIY) -- turned into a bitter feud with ...
In the mid-1960s, as her marriage broke down, Smith made a radical move to install a 914-model Xerox copy machine in her house to make art. Xerox offered revolutionary technology to ordinary people, enabling them to make copies, transfer information, and self-publish—a scan from a glass plate caused ...
Attorneys for Richard Leon Wilbern, accused of murder during a 2003 robbery of a Xerox campus federal credit union, are challenging some of the identification procedures used in the investigation. "The defense has serious concerns regarding the suggestiveness of these identification procedures and the ...
The lawsuit asks the court to waive a December 2017 deadline shareholders had to nominate director candidates, citing "radical" changes since that date. In a joint letter, Deason and Icahn make their case directly to Xerox shareholders, saying they think the board is "terrified" of giving them a chance to ...
His current high-profile target is Xerox (ticker: XRX) Chief Executive Jeff Jacobson, who is not a tyrant, but an “acolyte” of a former CEO that was incompetent in Icahn's eyes, as he co-wrote in a missive with fellow activist Darwin Deason. Icahn and Deason announced Jan. 22 that they had joined forces and ...
The Xerox deal to combine with Fujifilm took another blow Tuesday when its third-largest shareholder, Darwin Deason, sued Xerox and Fuji in New York state court for alleged fraud. He is seeking to stop the companies from completing their deal and to nullify their joint venture. The complaint, brought by ...
Xerox Corp. defended its chief executive against accusations from one of its biggest investors Thursday, saying Jeff Jacobson had proper board authority to negotiate a deal with Fujifilm Holdings Inc., as the sides continued to brawl over the transaction. Billionaire Xerox shareholder Darwin Deason has ...
The Connecticut-based company has been under siege by two of its largest shareholders, Carl Icahn and Darwin Deason, for months over its joint venture with Fuji Xerox, formed decades ago, and its more recent proposed merger with Fujifilm Holdings, which would give the Japanese technology company ...
The $6.1 billion deal, which would combine Xerox into an existing joint venture with Fuji, drew opposition from prominent shareholders such as Darwin Deason, Xerox's largest individual shareholder, who sued in New York state court saying the deal undervalues the American copier and printing company.
Tip to FBI and DNA evidence leads to arrest of former Xerox employee, Richard Leon Wilbern. (September 28, 2016) Max Schulte ... The trial for the man accused of fatally shooting a man during the robbery of a Xerox federal credit union likely won't happen until 2019. The volume of evidence turned over to ...
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.


 

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