Icahn, Deason Reject Xerox Peace Offering, Denounce Leadership
Icahn and Deason claim they have been “approached by pretty much every major financial sponsor, and they have all expressed interest in Xerox.”
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Xerox to Negotiate More Favorable Fujifilm Deal
In the letter, the board noted that Icahn and Deason have targeted management and the board with “personal, unsubstantiated attacks that we believe have been damaging to Xerox.”
Deason, Icahn Post $150 Million Bond to Keep Temporary Injunction Against Fujifilm Deal
“We see several paths to victory – but none of them involve selling a 50.1% interest in Xerox in a deal that offers no control premium and leaves shareholders vulnerable to oppression by an overlord that is embroiled in an ever-widening accounting scandal,” said Icahn and Deason.
Stunning U-Turn: Xerox Settlement Off; Current Xerox Board, CEO Remain in Place
“The brazen self-interest of the Xerox Board defies description,” stated Carl Icahn, who blamed the Xerox board for letting the deal expire.
Panasonic Updates Status of B2B Transition, Document-Scanner Strategy, More
Steve Young, president and CEO of Square 9 Softworks, explained that Square 9 has been working with Panasonic for close to two years, noting, “We’re trying to re-define the notion of (document) capture…and the reach of capture.”
In Stunning Reversal, Xerox Yields to Deason and Icahn in Far-Reaching Settlement
The new Xerox board will meet immediately to discuss alternatives to the proposed Xerox-Fuji Xerox merger.
Ricoh Reports ¥135.5 Billion Loss for Fiscal Year
For its fiscal year that will end in March 2019, Ricoh is forecasting that sales will be down slightly (-1.1 percent) and net income of ¥47 billion.
Preliminary Injunction Blocks Proposed Xerox-Fujifilm Deal
Court papers noted: “The lynchpin of the Court’s decision turns on the conduct of Xerox CEO Jeff Jacobson in the time frame preceding the Board’s approval of a transaction that granted control of an American icon company to Fuji without any cash payment by Fuji to Xerox shareholders, and the Board’s acquiescence in Jacobson’s conduct.”
Reflecting Profitable Fiscal Year, Sharp to Pay Dividends For First Time in Six Years
“Considering our earnings, financial condition, and future business growth, Sharp has decided to pay dividends for the first time in six years.”
Canon Inc. Reports First-Quarter Results
Canon says office copier/MFP sales rose versus the same period of the previous year, supported by expanded sales of next-generation color models designed to strengthen the product lineup, such as the A3 (12”x18”) imageRUNNER ADVANCE C5500 series.
HP Updates on New Dealer Progress, A3 Managed PageWides, Accessibility, Security
On April 18th, HP Inc. held an online Webinar for analysts, providing more information on its progress recruiting office-imaging dealers, as well as more information on its new A3 Managed PageWide copier/MFPs for dealers, new Accessibility Assistant, and new printer security, including a new HP Printer Security Plug-In.
New Epson WorkForce Pro ET-8700 Features Two Years’ Worth of Ink, New Compact Design
The WorkForce Pro ET-8700 features Epson’s innovative Replaceable Ink Pack System (RIPS) technology in a new compact form factor, with up to two years of ink included in the box – enough to print up to 16,000 black pages (based on average monthly print volumes of about 450 pages) and 11,000 color pages.
HP Launches New A3 PageWide MFPs with Document Finishing, Expands Printer Security, and More
HP also announced that, following its acquisition of Samsung’s printer business in November 2017, its Suwon, Korea, location is now officially named “HP Printing Korea.”
Kyocera Enters High-Speed Inkjet Production-Printer Market with New TASKalfa Pro 15000c
With print speeds of up to 150 ppm in A4 mode (146 ppm in Letter-size mode), regardless of media type, the firm says that this full-color production inkjet printer is ideally suited for print service providers (PSPs) and customers looking to run medium to large volume print jobs in-house at an attractive price point.
HP Now 3D-Printing Parts for 2D and 3D Printers; Sees Increased 3D-Printer Demand
HP is using Multi Jet Fusion 3D printers in its Print, Personal Systems, and 3D Printing business units.
Quorcirca Survey: ‘Less-Paper’ Office, Security Expertise, Mobile to Lead Office-Imaging Industry
Security expertise will be the leading supplier selection criteria in 2025, according to 58 percent of organisations, increasing from 43 percent in 2017.
