On March 19th, HCL Technologies announced that it signed a managed services agreement with Xerox under which HCL will manage portions of Xerox’s shared services, including global administrative and support functions.
Xerox also reported that, this month, it had entered into a shared services agreement with HCL Technologies, under which it will seek to outsource certain global administrative and support functions
The lawsuit alleges violations of Sections 10(b) and 20(a) of the U.S. Securities Exchange Act of 1934.
The proposed reorganization comes just a few weeks after a New York judge’s decision not to dismiss Fujifilm’s $1 billion lawsuit against Xerox.
The kiosk solution also features remote device administration (EFI Self-Serve Admin Central), payment transactions, accounting, cloud-based faxing, and end-to-end data security protection.
A Manhattan federal judge has rejected Xerox’s request to dismiss Fujifilm’s $1 billion lawsuit against Xerox, stating that one of Xerox’s arguments was “thoroughly unpersuasive.”
The U.S. administration claims that the tariffs are for protecting the United States’ national security, as it did last year when it placed tariffs on foreign steel and aluminum.
Two sources “with knowledge of the restructuring” said Xerox plans to close roughly half of the XBS locations across the country, keeping the 40 geographical “core” businesses intact, but closing many of the smaller field offices.
Advertisements In a previous post, we explained how at its 2019 Investor Day meeting last week, Xerox executives laid out...
Relationship with Fuji Xerox also said to be stable.
“By simplifying our operations, instilling a culture of continuous improvement, investing in growth areas and capitalizing on new and adjacent market opportunities, we anticipate that we can achieve flat to growing revenue by 2021.”
One of the interesting things about technology is that we can’t always see where it will eventually take us, a case in point being drop-on-demand inkjet printing.
Net income for the fourth quarter was $137 million, compared to a loss of $190 million for fourth-quarter 2017. Fourth-quarter EPS was 56 cents per share, an increase of $1.34 versus fourth-quarter 2017.
Fujifilm North America Corporation, Graphic Systems Division, has received exclusions on the majority of the 147 Exclusion Requests it filed several months ago.
Last year, in an October conference call with investors, Xerox CEO John Vistentin had commented on Xerox’s possible entry into the 3D-printer market, announcing that Xerox is developing “a road map to participate in 3D printing.”
Advertisements In what should probably surprise no one,The Epoch Times reported this week that Ricoh is shifting some of manufacturing out...