There was talk about bankruptcy last time stock price was this low. It’s a very scary time right now.
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Last poster: ok, fair. But revenue was rapidly dropping already, which was why ACS was purchased as a life raft. My view: a good move to diversify. What the former mgmt did wrong included funneling practically all funding to ACS, trying to change their culture. They accelerated tech problems by avoiding R&D, and by spinning off without any plan for revenue growth really sealed the fate of XRX tech. So I see your point. JV can’t claim to be trying to grow the company. At least UB can make that case, even though the promise of the idea failed, in part due to mis-mgmt of the acquisition.
Last poster, check tech annual revenue before ACS, and again after ACS spin off. Declined by almost 50%. UB and her pals. JV is absolutely in it for himself, but the mess created by prior mgt gave him the opportunity and he took it. If the company was strong, and the mgt was strong, this would never happen.
Last poster: Carl and Vas---ne have done in a shorter time more to destroy the company than Thoman and Ursula come close to.
Karma to who? The people that caused the decline are cashed out and gone!
Let Xerox go under. It would be Karma!
Stock price, of both XRX and HP, might impact the terms of any sort of merger or buyout. But unrelated to bankruptcy.
Almost every stock is down, so XRX is not unique.
Aside from bankruptcy being unrelated to stock price, why is this a scary time? This board isn’t exactly going to have sympathy when Xerox goes under. In fact, many layed off workers will feel some vindication to see what used to be a great company go out of business, after seeing what it has become and what it has done to us.
bankruptcy is when the company doesn't have enough cash (or making enough money), and doesn't want to or can't get a loan to keep company going as just getting further in debt. Bleeding cash. Typically you see the company go into court protection (chapter 11) first.
This is not Xerox's case.
Stock price is what investors feel company is worth and potential. Right now, the whole stock market is really down for pretty much everyone.
It’s around $4 per share right now, don’t forget Xerox did a reverse split a few years ago. $16/4.
I’ve seen Xerox make it through $7 per share.
Naw way off
That was unrelated to stock price. Bankruptcy and stock price are unrelated.
Last time it was this low there was talk of going bankrupt. That was in the mid 2000s.
Can you explain how bankruptcy is related to the stock price?