Most would agree the quality of information here has suffered as a new tier of disgruntled workers came on board. Perhaps alongside that came an exodus of good finance thinkers. It’s sad that on this earnings call day there is no discussion on that topic. What gives
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Xerox earnings is a bunch of mumbo jumbo
based on mirrors and double speak. No one within the company can understand all the puts and takes they reference. The only number to pay attention to is the re-structuring charge as that sets the stage for more layoffs.
I heard a rumor techs are about to start 2-week trainings to work on Lexmark machines. No one seems to have any idea why. Maybe related to FX going away? I'm not an old timer, so I don't know much about the market...
Canon has lots of engines and amazing build quality and its own tech. They say they’ve got a lots of GP200 engines for .50 / pound.
Replying to @qle+196OXh1O:
It's already at the breaking point, at least on the Xerox direct side. I assume it's the same in XBS from the rumors I've heard.
Things that would have been "all hands on deck" fires to put out 2 or 3 years ago are now ranked in order of when we can get to them. There are NO resources available to cover them all. Everyone from low level employees up to VP's are covered up in fires that need to be put out on a daily basis. If you left 12+ months ago you might not recognize the place now. It's bad, and seems like it will just get worse now that Covid isn't going away like everyone thought it would.
HP has nothing in the entry and mid production huge hole in portfolio if FX goes away
I really wonder how Xerox is going to get competitive product to sell when FX contract ends 31 March this year. About 70% of Xerox offerings today are from FX suite of product. It was mentioned that HP was the choice replacement but we have not seen any real product coming out of OEM arrangement with HP.
Expect pressure on sales teams to bring in more business with less support.
What’s there to say? It’s a massive 1000 acres fire and the leadership continues to tell us there’s no issue.
“It’ll get better.”
“Turn around is ALMOST here.”
Almost. Almost. Almost. What a con
Visentin in charge is the demise of this company or any other company he touches. Outside of work he might be a "good" guy. Carl Icahn does not hire "good" guys...he hires ruthless people to carry out his wants and desires. Visentin is classified as a "corporate raider, and that has been proven if you look at his past jobs.
Well, I left. I wish them luck. Visentin is not dumb. He's actually a decent guy. I knew him 20 years ago. Seriously, there's more than him, sure, but that guy in charge is a good sign.
Aside from earnings, I always look at the employment number. (I fell out of the numbers during Q318.) From 3Q20 to 4Q20, employment dropped by 800 people: 25,500 to 24,700.
At what point does the company reach the breaking point, where employment has been cut so deep the company can't function? Some would say it's already there.
Xrx has n’t had Sophisticated / Good Finance Thinkers since...late 90’s?
https://www.sec.gov/news/press/2003-16.htm
Garbage in-Garbage out...
The posters on this forum and people who stay at Xerox after all that has happened are not very sophisticated.
The people on here are disconnected from reality and don’t think that earnings (-22% YOY)) means anything for them....just stay and wait around for Xerox to recover yeaaaahhh right. You are waiting for your pink slips.