The position and state the company is in right now can no way he better than what would of happened if Xerox merged with Fuji. Opinions or insight to give me better understanding? I just can't grasp how hard of a nose dive this route is going.
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9 months into this whole debacle, and still no purchaser. Poor I-con must be p–ping his depends...
@10VBtPHJ
The Fuji merger, like any other deal, would have needed regulatory approval from various parties. Yes, there would have been layoffs within Xerox as part of the deal; but there was something baked into the agreement about maintaining a minimum number of Xerox employees in Rochester/Webster for 3 or so year period after the merger if I remember the draft document I saw correctly. That was done to make the regulators, i.e. politicians, happy. There was even stuff in the deal to protect the Unions, maintain certain health insurance coverages, and RIGP funding. Icahn's team has no such restrictions. Thus, in the short-term, the Fuji deal would have likely been better for Xerox employees in Webster. Over the long-term, who knows...
Do not fret! Johnny Douchebag and his 23,000,000 salary will make it all better!
There wouldn't have been much left, if anything, of the Webster work force had the merger gone through. At least now we have at least a few years while the HP partnership builds up. Is this sustainable for the long term? I have no idea, but I know we'll still have a workforce in Webster for at least a few years. Hopefully longer.
With the merger, Xerox had a longer future. Today, HP and Icahn profits are counter to a Xerox future. Ironically, epic mismanagement is making XRX unattractive to all buyers doing the most basic diligence activities. Investors staying with XRX: short term dice rolling and EPS manipulation should be putting a rancid odor on for institutional investors. Any audit failings or SEC investigations (both likely) intensify that odor. Those sticking with it may find hope and greed are not the best approaches to market success.
Don't know. It would have resulted in massive layoffs in R&D had it gone through. That said I'm sure our part costs would go WAY down. Going to HP as a supplier for boxes is id–tic. You don't win by selling the competitors products... Just ask the Auto industry.