Thread regarding Xerox Corp. layoffs

Xerox grabs $24billion from banking titans to fund hostile takeover of HP Ink

https://www.theregister.co.uk/2020/01/06/xerox_grabs_24bn_from_banking_titans_to_fund_hostile_takeover_of_hp_ink/

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Post ID: @OP+12SKZpPA

8 replies (most recent on top)

  • 1lpn: you sound like one of those Xerox who would Yammer on like this. Sadly the company lost much of the talent so your readers were unable to discern the ridiculousness of your thoughts. Perhaps I am mistaken.
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Post ID: @7elu+12SKZpPA

@12SKZpPA-1zhu - You are mistaken. The fuji announcement has little to do with equipment, but rather the use of the Xerox name. Fuji is paying $100M for the use of the Xerox name, and they have 3 years after the termination of the contract (2021) to fully divest the use of the name, or be liable to pay additional royalties. The reality is by canceling this contract, it now opens up the Asian market to Xerox, which under the previous agreement was off limits, and with the shared technology agreement Xerox was only getting 25% of the benefit that was being sold in Asia. Now Xerox can get 100% of the benefit.

The article below goes into more detail, but the key paragraph is: "The product supply agreement with Xerox Corporation will continue to be effective despite the expiration of the Technology Agreement, and Fuji Xerox and Xerox Corporation will continue to act as each other’s product supplier."

Xerox will continue to source Office A3 equipment from Fuji after 2021.

Article: https://www.marketwatch.com/press-release/fuji-xerox-to-end-technology-agreement-with-xerox-corporation-on-scheduled-expiration-date-2020-01-05?siteid=nbsh

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Post ID: @1kik+12SKZpPA

Since Fuji has pretty much severed their relationship with us starting in 2021 (I think), our ability to acquire engines for the office market goes with it. We will absolutely have to have the new Xerox branded HP products completed well before then. Work is happening now, but the timeline is tight. The quality has to be there. If we enter 2021 and don't have new engines ready to go, then we are in big trouble.

How much total revenue comes from office vs production and other segments?

If I were HP, I would think I'd see I had the upper hand in any sort of merger negotiations. We need HP more than they need us. I think.

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Post ID: @1zhu+12SKZpPA

Idea: buy HP and reinvent X to be a one stop for business. X has the bones for this. Not just Printers but desktop, laptop, printers, scanners, routers, switchers, firewall, servers... a one stop for business setup and continuity. Along the way you’ve already had to develop much of this. Why would you continue to chop-shop a company that has this much potential??? If you continue this path all you’ve done is prove the greed and not the potential. You could be the next Cisco but larger. All inclusive.

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Post ID: @1lpn+12SKZpPA

Consider this:
Xerox is dead in the water without HP. Carl shredded Xerox to pieces in an attempt to make it appear profitable in order to sell Xerox to HP. His plan went south when HP realized what Carl and John had done.
Carl and John went to plan "B" persuade the banking titans to help them execute a hostel takeover, which is the only way out now. Banking titans are NOT falling for Carl and John's smoke and mirrors either. banking titans see clearly through the smoke and mirrors just as HP did but they may need some big losses for tax purposes.
A hostel takeover will be one huge loss for the banks while Carl and John line their pockets and leave Xerox and HP employees out in the cold. Just Saying!!!

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Post ID: @1wwq+12SKZpPA

While I am sure this might be lovely for the shareholders (an HP/Xerox merger or acquisition) it's going to SUCC for everyone else; ie: the customers, the employeers, the communities in which these local businesses used to thrive...

Way to take a good thing and ruin it, CARL ICAHN.

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Post ID: @1xwm+12SKZpPA

An act of greedy [email protected] who will line their pockets to the demise of two companies and the backs of hard working folks. Toasty place in hell awaits them

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Post ID: @1awv+12SKZpPA

One word: DIRTBAGS
Xerox who the hell do you think you are? You ought to figure out how to fix the company YOU destroyed before you bring HP down too!!

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Post ID: @ajj+12SKZpPA

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