Wait until the revenue number hits for Q1. Xerox stock will be under $14 soon. Smart move disrupting the biggest core in XBS. It’s a disaster now. Just when we thought it couldn’t get any worse...now it’s officially over. Better get a great recruiter for the open sales positions.
15 replies (most recent on top)
CronX will just use it as another excuse to lay-off more “essentials.”
Would love to see Fuji back in the game, I'm out of Xerox for more than 1 year but I always felt FX was the logical home for Xerox.
@1lbc
if you seriously think customers are going to want to take on new debt of any kind you are crazy!!! If anything I think our business is going to see a huge spike in unpaid invoices. You need a reality check!!!
Good point on Fujifilm. Conditions are probably too weak overall right now, but I could see them coming back and taking over for a fraction of what they offered up previously, just for quick access to the NA market. I am sure Komori would love to publically walk Visentine out after his rudeness.
No kidding re last comment- cash that could have gone to an acquisition life boat. Buybacks really helping now, aren’t they? What about all the jobs created by TCJA? Oops, corporate greed - took the cash and bought shares, didn’t create jobs, in fact layed off aggressively. Tell Tucker that one.
Today, Xerox market cap is $4b and HP market cap is $20.6b.
Combined market cap is $25b.
And bank is giving loans to support Xerox bid for HP at $35b.
Does it makes sense?
Might as well buy up both companies for $25b and save $10b!
Bottomline is, the deal cannot stand anymore!
I thought we were sitting on piles of cash?? Oh wait- that went to shareholders from the stock buybacks. Just like the imbecile in charge of the country- we have someone so ill- equipped to get us through this. Mark my words- the senior execs will take all the money for their greedy selves right before they turn out the lights and shut the doors - forever!
Serious question re: last comment...is there really any upgrade path anymore, to new? Isn’t it just to a more powerful, but older model? Nothing really new has been coming out, or has it?
That’s the best part about our industry. They won’t need to “buy” a new copier. They can recognize a cost savings but lowering their lease payment when the upgrade. MPS???? The opportunity has never been bigger.
1st quarter numbers are going to tank, businesses closed, sorry but nobody is going to be wanting to buy a copier when they are not even open for business or probably won't be able to pay their workers!
Fujifilm, or anyone, could buy control of this company for less than 2 billion right now.
Wow, Xerox Stock under $20, tempted $18.50 today. Carl said he would sell at $40, bet he wishes he sold at $30. I'm a former 30year employee let go after the HCL 'rebadging' (code for layoff). I wish you guys luck but I can see that water splashing over the bow from here! Next step is to have a garage sale. Sell the assets, the buildings, the equipment. License the service to 3rd party service companies. Layoff the employees, cash out the Retirement plan.. Gordon Gecko is here.
90% of Conway (sales) is looking, this narcissist is having everyone run for the door.
If you thought draconian and high layoffs were the norm once Icahn & crew took over...you’ve seen nothing yet.
Xerox is not well equipped to weather the economic storm as well as other companies as there is no long term sustainability plan in place - the plan was to sell & get out. If the merger or sale is off the table the company is going to be in tatters.
This lay-off forum will be blowing up for the next 12-18 months. Folks. Be ready.
I agree that Xerox is a major disaster, but every company in the nation is having huge problems now.
Well, except for Clorox, 3M, Toilet paper manufacturers, and grocery stores.