Here we go again! Put a ball under one of three cups, move the cups around, guess where the ball is. Xerox is establishing 3 businesses to drive growth. You get the point. What's next, three card monte, a ponzi scheme, pig in a poke?
15 replies (most recent on top)
XFS
Xerox Fn Sux
With boss Icahn and longtime accomplice Pastor (relatively speaking as Louie is barely out of college) controlling VC funding, I have to assume further criminal activity will be occurring. It’s not beyond the current mgmt team to think self-funding out of mother Xerox pocketbook is ok. Ask Steve B.
He we go again !
Can you say DeCentralized...
That was the Xerox buzz word for the 90’s
Software: who in their right mind would want anything to do with DocuShare and XMPie?
SharePoint is a thousand times better than DocuShare, which is why we use that internally rather than our own product !!
And XMPie is just a solution in search of a problem. There are a dozen different applications today that are better integrated and easier to use. The time to sell XMPie was a decade ago; now it's just old useless tech.
PARC: the opportunity to monetize this was 30 years ago. It may currently have some innovation in the works, but nothing large enough that will save the company.
XFS: this is what's valuable. Once this is gone, run for the closest lifeboat.
Any of that vc $ spent on GameStop?
Are the 3 groups easier to sell off? Software - who wants DocuShare and XMPie? What are those worth on the open market? Finance - not sure who would buy this, it seems so tied to Xerox HW. Innovation - They can't sell PARC since they don't own it, so again not sure what someone would be buying here. But in theory it does seem easier to dangle them out there. I think selling any 1 of the 3 effectively breaks the company apart and is the end.
Attempt to fool investors, while continuing to enrich themselves. Deck chairs on Titanic. The m&a money will result in "tuck in" nothing. Expect many senior mngs to look for an exit after 2021 since ceo is claiming revenue turnaround this year. Which we know won't happen, so the jig will be up.
$250mil for vc fund... where you gonna go shopping with that? FYI, none of the contestants on Shark Tank want to work with xrx.
“See, it's not old fish. It's a whole new thing! And the best part is, they're eating 3-day-old halibut.”
Last poster: very possible the company is trying to make it appear valuable to a buyer.
Investors should steer clear (see link) and any buyer would have to be allowed full diligence to prevent CI hiding of operational details. Risky.
https://stocknews.com/news/xrx-snps-cdns-grmn-is-xerox-a-good-turnaround-stock-to-buy-in-2021/
I wonder if these 3 new groupings make it easier to chunk off and sell.
Wall Street is no longer tolerant of the misrepresentations fed them by XRX leaders. The sad thing is some individual investors will drink this kool-aid.
What are the 3 "new" groups?
None of what the new groups will be doing is new. We've been doing them for decades.
So tell me, how is putting them into 3 formal groups going to deliver us from the depths of bankruptcy?
It's probably just so the current crop of "favorites" can get compensated on it now.
Not sure growth is the right term