I am ex Xerox, but not here to bash a company I had many good times with, I am just asking why (at least some) Xerox employees (on LI) seem to think buying HP is a good thing?
If, and it is a big if, the deal happens, it will result in the following, fairly obvious results:
- More job losses, although this likely to happen anyway.
- A company with Market cap of around 40 billion and debt upwards of 30 billion, in a declining imaging market.
Xerox nearly sank under debt 20 years ago, when the market was more favourable, how will they manage this level of debt in the current (and future) declining market.
Others may have more insight but to me it makes no sense, unless you a a shareholder, looking for a quick buck.