Several months after the resignation of much of the Xerox board and resignation of former Xerox CEO Jeff Jacobson, Xerox reported today that revenue had dropped 5.8 percent to $2,352 million, versus the third quarter a year ago.
Category: Fuji Xerox
The court found in its ruling that Xerox’s former CEO, Jeff Jacobson, had neither misled or misinformed the Xerox board.
The hack works by sending an image file through the phone line — or a file that the fax machine thinks is an image file — and that is coded to contain malicious software.
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Fujifilm is still appealing an injunction that was placed on the now-scrapped deal in April by a U.S. court.
“The terms we offered in January are the ceiling,” Komori said.
Visentin also stated that Xerox has new technology that could be disruptive in markets such as 3D printing.
“Fuji Xerox remains a partner but they need to earn our business.”
Buyout firm Apollo Global Management is said to have approached Xerox about a possible acquisition.
“My mission is to persuade Xerox executives that the merger would be the best solution for both companies,” said Tamai.
Advertisements It seems more than ironic that Xerox’s decision in May to scrap a complicated deal under which Fujifilm would...
The rift between Xerox and Fujifilm – which have operated Fuji Xerox for decades as a joint venture – continues to widen, with Fujifilm Chairman and CEO today penning a letter to newly appointed Xerox CEO John Visentin, in response to a letter Visentin had sent to him on Monday.
Fujifilm said in a statement: “It is again no surprise to hear Xerox’s pretense to sell its products directly into the growing Asia-Pacific market.”
“Therefore, your expectation – as expressed to the Japanese media – that Xerox will come to Fujifilm with a new proposal for a combination transaction is simply delusional.”
As we reported previously, in a separate lawsuit filed this week, Fujifilm also filed a breach-of-contract lawsuit against Xerox, demanding $1 billion in damages.
This Week in Imaging: What Does Fujifilm’s Lawsuit Mean for Xerox? Plus, U.S. China Tariff Effects; More
Advertisements Fujifilm’s filing of a $1 billion breach-of-contact lawsuit this week in federal court against Xerox for scrapping the $6.1...