Thread regarding Xerox Corp. layoffs

Maybe Icahn Sees Value in Real Estate Only?

Look at it this way folks. Xerox Webster remains the company's largest global location, with more than 5 million square feet of office, manufacturing, lab and warehouse space. The campus encompasses 600 acres of prime building land and approximately 50 buildings. If it was me, I'd sell the raw land to business or residential developers, clean up the campus and sell the more desirable buildings piecemeal and demolish manufacturing structures devoted to specific products such as ink - especially huge cavernous warehouses. Yes, he may hold on to a couple of acres, refurbish a building and house all the "bleeding-edge" technologies and give Xerox a new lease on life with a much, much smaller footprint and vastly fewer employees - mostly young graduates from RIT, U of R, etc. And pocket a few million along the way.

Only thing that gives me pause is that people who know how to maintain aging computer systems and relevant data are being retained. Maybe Carl wants to sell the customer information to the highest bidder.

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Post ID: @OP+UMlFiPS

7 replies (most recent on top)

@UMlFiPS-7fer wrote:

"That doesn't make sense. It would be like buying an airline for the aluminum."


In a way, that is what he did with Trans World Airlines in the late 80's. Acquired the company in a

leveraged buyout, sold the assets, and spun the shell of the company into bankruptcy.

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Post ID: @7ooc+UMlFiPS

That doesn't make sense. It would be like buying an airline for the aluminum.

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Post ID: @7fer+UMlFiPS

I don't think Icahn gives two c-aps about Xerox, the employees or the real estate. Once the stock gets to where he wants it, he will dump it all and then start another war against another company.

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Post ID: @2kwe+UMlFiPS

Property values in Rochester are not competitive and the area is saturated with office property. To make matters worse Xerox gets taxed for that space. You should see perfectly good buildings being taken down to reduce tax exposure. Just like Kodak did. And like Kodak Xerox is reducing revenue generating sales people and retaining high paid managers! And let’s not forget raising prices! No win strategy! Fewer sales reps selling higher priced goods. They should have taken Fuji deal! Can stock holders sue Icahn?

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Post ID: @1gbe+UMlFiPS

Ya let's hire a bunch a new graduates who have no experience to help run a multi billion dollat company. That will work.

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Post ID: @woj+UMlFiPS

Omg, Pump the brakes Graduates and just say noooooooooooooo!

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Post ID: @wlk+UMlFiPS

What better way for young graduates to sabotage their career out the gate!?

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Post ID: @ppj+UMlFiPS

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