its the night before the q3 earnings report and I'm wondering if there will be any big announcements about the future of xerox tomorrow during the call. the market seems to be expecting good news as the stock has gone up 3% in the last week. If revenue results are as bad as some have indicated on this website, it would seem the executive team will need to make a big announcement to distract from the poor results. do we hear about hp, fuji or the sale of xfs tomorrow. less than 12 hours and we'll find out.
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I can’t verify this as my HR contacts are long gone and the technicalities are way over my head; but I believe Xerox made several changes to RIGP in 2018 soon after Carl & John co. took over. Once such change was the reporting date. This change resulted in a ‘short’ annual report covering about 6 months followed by a ‘normal’ annual report of 12 months. The ‘short’ report likely covered 2018 Q2 and Q3, which was before the layoffs and outsourcing really got rolling. The next report will cover 2018 4Q and 2019 Q1 through Q3 and won’t be available until the middle of 2020. That report should be a better reflection of the impact of the employee exodus from Xerox and the lack of additional funding. Not sure if the service center would be aware of this and/or could explain it better.
How can pension be funded at 88%. Doesn’t add up, it was @81% in 1 Q 2019, then subtract employees who were rebadged as HCL who rolled over/pulled their pension (RIGP) out in addition to other employees who retired or left the company. Also they haven’t put any additional funds into RIGP. Talk about misleading reporting.
The high velocity frictionless business that we seek is being slowed by our siloed and complex infrastructure.
Buzz words ftw!
To -1hy: agree. Or go contrarian and invest now — after all the deck shows they will buy back 3x what was done in q3. If all the street cares about is EPS, you’ll do nicely.
To -1hy: agree. Or go contrarian and invest now — after all the deck shows they will buy back 3x what was done in q3. If all the street cares about is EPS, you’ll do nicely.
If they spin The news of beating EPS prediction by 23% in a way that the market approves of, then I recommend everyone exit the stock market quickly. It means fundamentals don’t matter anymore.
Revenue down 6.5% at actual yet EPS up huge due to buybacks over past 12 months. Profit is nearly flat YOY with 152M of revenue degradation. Yay slashing and buybacks! More gasoline for the saw.
Nothing of note will be announced... yet. HP will move in and scoop Xerox up once the company is devalued to penny stock status. Just a matter of time.
I have an announcement! I just got off the phone with Sun Micro! The tech powerhouse is now the Java tech powerhouse plus! Outlook will be replaced with Lotus Notes. Its like the production controller in look and feel + it's built on Eclipse. And all HTML5 will be replaced with Java Applets. The network is the computer and the neckbeards infesting Webster will lead the way.
They can all find new jobs in a week says they.
Yeah sleep well dudes.