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EFI appoints Jeff Jacobson as Chief Executive Officer People on the Move Press releases 

EFI appoints Jeff Jacobson as Chief Executive Officer

GaryPageau , ,
FREMONT, Calif., Aug. 13, 2019 (GLOBE NEWSWIRE) — Electronics For Imaging, Inc. today announced the appointment of Jeff Jacobson, a 30-year veteran of the digital imaging and industrial technology sector, as Chief Executive Officer, effective immediately. Mr. Jacobson will retain his position as Executive Chairman. Mr. Jacobson succeeds Bill Muir, who is stepping down for personal reasons. Prior to joining... Read More
HP, Xerox expand business relationship News Press releases 

HP, Xerox expand business relationship

GaryPageau ,
PALO ALTO, Calif. & NORWALK, Conn.–HP Inc. and Xerox Corporation today announced an expansion of the companies’ business relationship. Xerox will source from HP certain A4 and entry-level A3 products with the majority running on Xerox’s award-winning ConnectKey® controller software, and Xerox will supply toner to HP for these and other products. The printers will be based primarily on the laser... Read More
Xerox shareholders approve holding company reorganization News Press releases 

Xerox shareholders approve holding company reorganization

GaryPageau
MAY 21, 2019 — CORPORATE NORWALK, Conn. — Xerox (NYSE: XRX) announced today that shareholders approved its proposal to adopt the merger agreement pursuant to which Xerox expects to implement a holding company reorganization. Holders of approximately 99.7 percent of common shares present and voting at Xerox’s annual meeting, representing approximately 77.0 percent of the company’s total outstanding common shares, voted in favor of the proposal. The... Read More
Xerox launches instant-print kiosk for businesses New Products Press releases 

Xerox launches instant-print kiosk for businesses

GaryPageau ,
NORWALK, Conn. —  Venues, businesses and campuses frequented by mobile technology users can now generate a new revenue stream with the Xerox Instant Print Kiosk. The kiosk offers fast and easy access to popular cloud services and common printing, copying, scanning and faxing applications, making it the ideal self-serve solution for those on the go. Launching the Instant Print Kiosk is one... Read More
Xerox outlines three-year strategy at Investor Day Press releases 

Xerox outlines three-year strategy at Investor Day

GaryPageau
FEB 05, 2019 — CORPORATE –  Today Xerox (NYSE: XRX) is holding an Investor Day to provide the investment community and other stakeholders details on its strategic initiatives and financial plans. “With a history of designing breakthrough technologies, Xerox is ‘made to think.’ We are taking a disciplined approach to creating the next generation of innovative technologies and intelligent work solutions to meet... Read More
Xerox exceeds cash flow guidance, grows EPS and announces 2019 guidance Earnings reports News Press releases 

Xerox exceeds cash flow guidance, grows EPS and announces 2019 guidance

GaryPageau
Fourth Quarter and Full Year 2018 Highlights: Operating cash flow of $415 million in the quarter increases $564 million year-over-year, or $83 million year-over-year on an adjusted basis. Operating cash flow of $1.14 billion for the full year exceeds guidance and increases $1.32 billion year-over-year, or $168 million year-over-year on an adjusted basis. GAAP EPS from continuing operations of $0.56... Read More
Xerox announces third-quarter financial results Earnings reports News Press releases 

Xerox announces third-quarter financial results

GaryPageau
Increasing Full-Year Free Cash Flow Expectations Third-Quarter 2018 Highlights: Operating cash flow of $274 million increases $717 million or $157 million on an adjusted basis Adjusted Operating margin of 13.1 percent expands 1.0 point year-over-year GAAP EPS from continuing operations of 34 cents, down 33 cents year-over-year, driven by an incremental non-cash charge of $95 million associated with the 2017... Read More
Fujifilm wins appeal over aborted Fuji Xerox merger: Reuters News 

Fujifilm wins appeal over aborted Fuji Xerox merger: Reuters

GaryPageau , ,
Reuters reports Fujifilm Holdings Corp. has won an appeal in its legal battles with Xerox Corp, with a New York court overturning preliminary injunctions requested by an activist investor that had blocked their planned merger. According to the article, the New York State Appellate Court ruling could give Fujifilm leverage to bring Xerox management back to the negotiating table. Fujifilm... Read More
Fujifilm, Xerox split appears to be permanent Opinion 

Fujifilm, Xerox split appears to be permanent

GaryPageau ,
The imaging industry’s messiest breakup doesn’t look like it’s heading for a reconciliation any time soon Industry watchers and customers hoping for a resolution between the on-going conflict between Xerox Corp. and Fujifilm Holdings over the failed merger didn’t get much encouragement from the company’s top executives.  Last week, Xerox CEO John Visentin emphasized in the company’s second-quarter earnings report his desire... Read More
Xerox CEO sets direction to drive improved performance Earnings reports Press releases 

Xerox CEO sets direction to drive improved performance

GaryPageau 1 Comment
Reports on second-quarter 2018 results and establishes business priorities: Drive revenue Optimize operations for simplicity to better serve clients and partners Re-energize the innovation engine Focus on cash flow and increase capital returns July 26, 2018 06:30 AM Eastern Daylight Time NORWALK, Conn.–(BUSINESS WIRE)–Xerox (NYSE: XRX) Vice Chairman and CEO John Visentin today outlined his business imperatives to transform the... Read More
Kerfuffle escalation: Fujifilm, Xerox take steps to separate further, brace for competition News 

Kerfuffle escalation: Fujifilm, Xerox take steps to separate further, brace for competition

GaryPageau , , 1 Comment
The divide between Fujifilm Holdings and Xerox Corp. over their failed merger is growing larger and more contentious, as both companies issued statements ramping up the rhetoric. On June 25th, Xerox vice chairman and CEO John Visentin responded to Fujifilm’s filing of a $1 billion lawsuit with an open letter to Fujifilm Chairman and CEO Shigetaka Komori, blaming Fujifilm’s accounting practices for scuttling... Read More
Xerox responds to Fujifilm lawsuit News Press releases 

Xerox responds to Fujifilm lawsuit

GaryPageau ,
NORWALK, Conn. —  Xerox Vice Chairman and CEO John Visentin today sent a letter to Fujifilm Chairman Shigetaka Komori responding to the lawsuit filed by Fujifilm last week. “Fujifilm should realize that the internal accounting issues at Fuji Xerox were a result of their mismanagement, which made it impossible to close the announced transaction” said Visentin. “We cannot stand by... Read More
Xerox Names Steve Bandrowczak President and Chief Operations Officer People on the Move Press releases 

Xerox Names Steve Bandrowczak President and Chief Operations Officer

GaryPageau
NORWALK, Conn.–(BUSINESS WIRE)--Xerox announced today the appointment of Steve Bandrowczak as president and chief operations officer, and a member of the company’s Executive Committee, effective June 25, 2018. Bandrowczak will be responsible for developing and executing a global operations strategy in the company’s business support functions, including product and service delivery, customer billing, information technology, global procurement and real estate.... Read More
Bloomberg: Judge rejects Fujifilm bid to dissolve Fuji Xerox deal injunction News 

Bloomberg: Judge rejects Fujifilm bid to dissolve Fuji Xerox deal injunction

GaryPageau , ,
Bloomberg reported Fujifilm Holdings Corp. failed to persuade a Manhattan state judge to dissolve an order barring its planned merger with Xerox Corp., cutting off a possible option for keeping the deal alive. The company has claimed in a separate lawsuit it will suffer $1 billion in damages if it can’t cement the $6.1 billion takeover, which was thwarted by... Read More
Jilted Fujifilm seeking $1 billion in damages from failed merger News 

Jilted Fujifilm seeking $1 billion in damages from failed merger

GaryPageau , , 1 Comment
CNN Money reports Japan’s Fujifilm Holdings Corp. is seeking more than $1 billion in damages from Xerox in district court in New York, over the failed Fuji Xerox merger. The amount is significantly higher than the $183 million termination fee built in to the deal. Fujifilm filed the following notice: Notice of Filing a Suit for Damages against Xerox Corporation FUJIFILM... Read More