HP says NO
https://www.zdnet.com/article/hp-to-xerox-we-dont-need-you-youre-a-mess/
15 replies (most recent on top)
Visentin was fired by Meg when he was at HP for not getting the HP Services/EDS merger going. HP wrote off 8B on that acquisition.
NareshnShankerncame to HP from Palm. Another example of a not so great acquisition, He became CIO after Rand Mott left for GM. Randy did a not of the heavy work reducing IT spend. SAP consolidation, moving R&D to server based design tools instead of workstations....
Whomever is the OP please buy a lottery ticket or you have insider knowledge
What about now? David beats Golias
Check out the complement to this site for Xerox. You’ll see HP would be nuts to purchase Xerox. It’s transformation has been so deep the company is not able to perform, processes are breaking and customers are leaving. Stock is artificially high due to buybacks and misrepresented strategy. Also big audit being hidden (bought) from being reported. IT has been decimated. No new product. Poor quality and complexity on both payables and quoting. A mess. Just check out the layoffs comments for a sense of it
I figure they would just do it and skip the “relationship” but anything is possible. It’s just not how it was done in the past. But this isn’t the past anymore. :)
Getting Closer?
PALO ALTO, Calif. & NORWALK, Conn.--(BUSINESS WIRE)--
HP Inc. (HPQ) and Xerox Corporation (XRX) today announced an expansion of the companies’ business relationship.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190604005348/en/
Xerox will source from HP certain A4 and entry-level A3 products with the majority running on Xerox’s award-winning ConnectKey® controller software, and Xerox will supply toner to HP for these and other products. The printers will be based primarily on the laser printing technology HP acquired from Samsung in 2017.
In addition, the companies have agreed to partner in the Device as a Service (DaaS) market. Xerox will become a DaaS specialist in HP’s Partner First program in the U.S. Xerox’s services capabilities and customer reach in the small to midsize business market, combined with HP’s award-winning DaaS PC offerings, will allow both companies to meet a wider range of customer needs. Xerox will be authorized to sell HP PCs, displays and accessories to its commercial customers through DaaS. HP will also make Xerox’s cloud-based content management platform DocuShare® Flex available on its commercial PCs distributed in the U.S.
“This announcement broadens our portfolio of products, software and services, expands the reach of DocuShare Flex, increases productivity in our toner facilities, strengthens ConnectKey’s position in our printer family, and makes us a formidable player in the IT Solutions business especially with the small to midsize business we know so well,” said Steve Bandrowczak, President and Chief Operations Officer, Xerox.
“This arrangement is an extension of our existing relationship and creates incremental opportunities for HP in several important areas,” said Enrique Lores, President, Imaging and Printing, HP Inc. “It further demonstrates the strength of HP’s differentiated IP and portfolio and positions the business for growth over time in both office printing and DaaS.”
The companies will announce release dates for the relevant A4 and entry-level A3 printers closer to product launches. Xerox expects to begin offering HP DaaS to U.S. customers in the second half of 2019.
I still don't think that is the plan. They could have hired the HP people to try and fix things given HP's success in the printing business. That is more likely that flooding the execs to somehow help when (if and when) HP elects to buy Xerox. We never did it that way before. No need to do it now.
Xerox just brought in Naresh Shanker as CTO. Any opinions on him from HP folks?
Most of Xerox's senior execs are now all ex-HP'ers, So there could be truth behind this rumor
Well, they learned they got ripped off and then proceeded to take it out on the CPQ employees. So ...
Apparently they didn't learn from the Compaq acquisition.
May be.
Just look at the Xerox Team of Top Executives. They have all come from HP. Icahn has known HP was the target acquiring company, so you bring in some former HP insiders to grease the rails for a big deal. HP doesn't want ALL of Xerox, just parts. This is why Xerox is transitioning to a holding company, so they can package up parts of the company for individual sale to different companies. MDS/Sales/Distribution/Service to HP, Lease portfolio to Wells Fargo, CIT, etc., PARC to some Silicon Valley tech company (probably just for the land), and toner manufacturing in Webster...heck, we'll throw that in for free to HP (BOGO).
Since 2002.
Yes, you started one.