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Can it survive hooking up with the dying Xerox?
Magic 8 Ball says No.
The bigger issue isn't so much that Xerox is swirling the bowl. The real intent is to raid HP, abscond with the money, leaving HP swirling the bowl.
Xerox just announced they are putting their hostile takeover on hold because of the pandemic:
"Xerox is pausing its forceful takeover attempt of HP in light of the growing novel coronavirus pandemic.
Xerox CEO John Visentin said in a release that it "needs to prioritize the health and safety of its employees, customers, partners and affiliates over and above all other considerations, including its proposal to acquire HP.""
HP survived buying the mixed-bag Compaq, the failing EDS, and the fraudulent Autonomy. Can it survive hooking up with the dying Xerox?
More than we thought ...
So, how much did Dion know?
NOW HP wants to talk ... LOL
I think all who are small investors in HP should re-evaluate your situation. HP and Xerox share a whole lot more than C Icon in regards to institutional and mutual fund investors. These common investors. share the same view as C Icon when considering return on investment. Take a look; it’s public record. Basically this merger has only one large institutional investor that they need to bring on board to make this happen.
Us small investors are irrelevant.
This is now a public power play to see who will be on the new mergered board and lead the new company.
I’ve now decided to sell my stock at a high I haven’t seen in quite a while.
HP would do well simply wait and buy the name and patents once when they collapse into a steaming pile.
HP don't do it, Xerox is all smoke and mirrors, it's a disaster, the outsourced jobs are not going well, open accounts receivable skyrocketing, thousands and thousands of dollars of wrong supply orders going out, outsourced workers constantly out sick, workload not getting done, customers complaining left and right and leaving in droves, it's SO bad, we have no IT support that knows anything, I just never thought I would see the day our successful core would be destroyed, most of my coworkers all let go, Xerox screwing people out of severence, they changed their policy right before they did layoffs, cut our raises, changed 401k matching policy to screw over peop!e, if you merge you are doomed
Resistance is futile. The acquisition will happen sooner or later. It's just a matter of time and money, but be certain this is inevitable. Lots of HPers will be kick out, starting from the very top levels. I can almost smell already the immoral loads of money on the hefty parachutes of a few.
I am a layed off Xerox employee and can tell you the post is accurate. The XRX executive team has a single objective: get the stock to a place where “Mr I” can make a tidy profit. They have done this thru a combination of layoffs and buybacks, to temporarily inflate the stock price and also by telling tales to Wall Street about revenue flattening and new technologies. The pipeline is dry, revenues dropping every quarter (like 25% in last 4 years) and the HP bid has no chance of unlocking long term value. The purpose is to bump the value to Mr activist investor, period. But the XRX cuts have been so deep that the company is no longer viable for long, and a buyer was predicted to emerge long ago. Now it’s a game of keeping the company issues hidden from disclosure long enough to make some kind of deal that results in a stock price bump to enable cash out, leaving any partner to suffer the consequences.
Jump over to the Xerox page on this site. If Xerox doesn't make a deal soon they will simply go bankrupt. The declines in sales and service are gaining momentum. HP is going to tie the Xerox millstone around it's neck and accelerate it's own demise. Once Icahn siphons off as much money as he can and cashes out, HP/Xerox will be crushed to death under a mountain of debt.