Based on historical, how much longer can xerox survive on just cutting its way to profitability? Years? Quarters? Months? Any accounting or ifnancial metrics available?
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Xerox has out lived its usefulness..pretty much running on fumes now …
"Realistically speaking at current rate of revenue decline it will take a few decades to go bankrupt"
This is incorrect. Balance of the post 100% correct.
Realistically speaking at current rate of revenue decline it will take a few decades to go bankrupt, however if revenue drops accelerate it could be faster. The “leadership” knows this, so the plan is to fleece the company via bonuses, executive pay and dividends for as long as possible. They don’t care about their clients nor their employees, that’s pretty clear.
1999/2000 was the SEC investigation and restatement. Survived that because we still had a business, not like today. I’m convinced almost nobody on this site can read financial statements.
Longer than you think. Many thought Xerox would die following the great crash of 1999 or 2000 (I forgot when.)
It's still here. Obviously a shadow of what it was. But still kicking.
Depends, right now , definitely, we have chumvosos willing to do the work of 3, will any do the work of 6, we?
Look at the Q2 financials when they come out. Debt vs. receivables. When is debt due. Revenue trajectory Q1 was horrible so receivables are on the same track. Current interest blended rate vs. what future rates might be. Combine this with reinvention strategy text and it should be clear. 2 years? Layoffs will continue to correspond to the revenue decline.
100 more years!