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Xerox reports strong fourth-quarter 2017 results; delivers on full-year commitments Earnings reports Press releases 

Xerox reports strong fourth-quarter 2017 results; delivers on full-year commitments

GaryPageau
Total revenue of $2.7 billion, up 0.5 percent or down 2.0 percent in constant currency year-over-year Equipment sale revenue up 4.3 percent or 1.5 percent in constant currency year-over- year Adjusted operating margin of 14.4 percent, up 0.2 points year-over-year Operating cash flow, both GAAP and adjusted, at high-end of guidance ranges Second-year savings from Strategic Transformation program above target... Read More
Xerox and EFI lay groundwork for next-generation printing with new Fiery-powered digital front end Events New Products Press releases 

Xerox and EFI lay groundwork for next-generation printing with new Fiery-powered digital front end

GaryPageau , ,
January 24, 2018 09:00 AM Eastern Standard Time – LAS VEGAS–(BUSINESS WIRE)–Xerox and Electronics For Imaging (EFI) today demonstrated a new Fiery® digital front end (DFE) that will give print providers a powerful new tool to manage high-value jobs that require special embellishments and effects using dry inks including silver, gold and clear. Keypoint Intelligence-InfoTrends projects that digital print enhancement volume will... Read More
Carl Icahn and Darwin Deason release joint statement regarding Xerox Corporation News Press releases 

Carl Icahn and Darwin Deason release joint statement regarding Xerox Corporation

GaryPageau , , ,
NEW YORK, NY–(Marketwired – January 22, 2018) – Today Carl Icahn and Darwin Deason released the following joint statement regarding Xerox Corporation (NYSE: XRX): We are the first and third largest shareholders of Xerox, beneficially owning collectively over 40 million shares of the company’s common stock, constituting over 15% of the outstanding shares. Because we are completely aligned regarding our... Read More
Carl Icahn questioning value of Xerox – Fuji alliance News 

Carl Icahn questioning value of Xerox – Fuji alliance

GaryPageau , , 2 Comments
Famed activist investor Carl Icahn is scrutinizing the long-standing partnership between Xerox and Fujifilm.  Icahn, who is Xerox’s largest shareholder, has questioned capabilities of the companies management and strategy. In an open letter to Xerox shareholders, he has demanded the board be revamped and the dismissal of CEO Jeff Jacobson. “Carl Icahn says Xerox’s joint venture with Fujifilm should be revised or terminated... Read More
EFI and Xerox Announce Next-Generation Fiery Server for Xerox iGen 5 Press New Products 

EFI and Xerox Announce Next-Generation Fiery Server for Xerox iGen 5 Press

GaryPageau , ,
New Fiery server is first on new Fiery FS300 Pro platform and supports White Dry Ink on the iGen 5 Press FREMONT, Calif., Nov. 06, 2017 (GLOBE NEWSWIRE) — Electronics For Imaging, Inc. (Nasdaq:EFII) today announced the availability of a new EFI™ Fiery® digital front end (DFE) for the Xerox® iGen® 5 Press. The Xerox EX-P 5 Print Server Powered... Read More
Xerox and EFI partner to give customers best-in-class digital front ends Press releases 

Xerox and EFI partner to give customers best-in-class digital front ends

GaryPageau ,
February 02, 2017 – NORWALK, Conn. & FREMONT, Calif.–(BUSINESS WIRE)–Xerox Corporation (NYSE:XRX) and Electronics For Imaging (EFI) (Nasdaq:EFII) today announced a strategic partnership to bring to market a next generation digital front end (DFE) to drive Xerox digital production presses. The agreement includes the sale of Xerox’s FreeFlow® Print Server (FFPS) DFE business to EFI. Under the terms of the... Read More
Marathon bid for Shutterfly signals end of an era News Opinion 

Marathon bid for Shutterfly signals end of an era

GaryPageau , , , , , , , ,
Over the last year, Shutterfly management has faced activist shareholders who are pressing for greater stock performance from the leading online photo-product company. Shareholders are understandably concerned about lower net income returns, low stock performance and increased expenditures. Last fall, Silver Lake Partners said it was planning to spend $2 billion to take private the Redwood City photo giant. Shutterfly management even... Read More