Sadly they knew the end was near when they handed the keys to LP with an out clause for December of this year.
After today and the significant loss along with dividends being halted. The doors will close. Maybe HP will swoop in to save the day, that would be ironic!
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STOP
@q6 I think the money is running out earlier that that, as suggested by Q3 statement. At the very least they will have to do very large cut backs.
Of course CH 11 may stop this ridiculous crazy spending on a few management heads that just need to leave, they never did anything right for the company. They just demand things to keep themselves in the money. Totally wrong.
HP does not need to "swoop" in now and definitely does not need to "save" Xerox. HP just needs to wait until Xerox enters Chapter 11 restructuring (predicted mid or late 2028). When that happens, followed by the subsequent credit-to-equity swap, HP Inc. sits in a significantly better overall strategic position to poach and integrate Xerox’s stranded A3 enterprise contracted customers while Xerox is too busy Chapter 11 proceeding. No debt absorption, no pension obligation, no integration headache, just replacing the Xerox fleet and HP fleet.
There is no reason for anyone to swoop in.
Xerox already sold patents. Why the he-l a company should invest money to purchase a huge debt???