Last year, activist Xerox investor Carl Icahn had proposed that Xerox partner with what he called “under-served PC makers” such as HP Inc.
Icahn owns approximately 10 percent of Xerox, and was instrumental in thwarting Fujifilm’s take-over of Xerox last year.
The firm says it’s leveraging its expertise in digital printing to polymer and metal 3D-printing technologies and will introduce new equipment, materials, services, and design tools to the market.
“Since we still believe the proposal for a business combination structured as announced on 31 January 2018 would be best for both companies and their shareholders, we will thoroughly explain its validity and legitimacy in the courts.”
“Next month, we will be exhibiting our 3D (printing) capabilities for the first time at RAPID + TCT, one of the largest additive manufacturing trade shows in North America.”
“Our transformation initiatives are yielding results, which give us confidence to raise our full-year earnings guidance despite revenue declines.”
“While other networked print devices use a fractured, manual approach to cybersecurity, Xerox employs an automated response that neutralizes threats at their source.”
Meanwhile, Xerox’s share price has risen approximately 60 percent since the beginning of the year.
“Information technology decision makers at federal agencies now know that managed print services from Xerox can improve the security of their information, cut printing costs and improve transparency.”
Last week, we explained how, in our opinion, it’s a good bet that HP Inc. will purchase Xerox. While...
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.”