Thread regarding Xerox Corp. layoffs

Nobody smart would buy Xerox

I don't see why any competitor would buy for the following reasons

  1. Decreasing market share y/y in an industry that's decreasing y/y. It's cheaper to just take former Xerox customers at contract renewal.

  2. Accounting games where Corporate push around debt obligations (paying vendors/raises/bonuses). The true cash flow isn't known.

That said, stupid acquisitions happen every year. More often than not. If Xerox ever turns around revenue, it is small enough to be acquired. The most attractive targets are the ones that are growing.

Well said, @YTlEY4e-wgd.

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| 1291 views | | 4 replies (last May 7, 2019) | Reply
Post ID: @OP+YUV4Loq

4 replies (most recent on top)

I am not sure that a Private Equity firm would take Xerox right now due to the existing pension (RIGP, Canada and UK) liabilities on Xerox's book. Apollo and other PE firms typically prefer that those liabilities be taken care of before they jump into a deal as it hampers their ability to add more debt elsewhere.

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Post ID: @2gmy+YUV4Loq

To @YUV4Loq-efs re: JohnV and 2 company sales:

I followed the trail of Apollo to Novitex to Exela. That's one story where JohnV was involved, as CEO of Novitex at the time of the merger with SourceHOV to become Exela.

What would be the second story?

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Post ID: @1ndw+YUV4Loq

Apollo Global. JohnV has already sold two companies to them. They know and trust him. Load the company with debt and take it private. Sell the parts.

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Post ID: @efs+YUV4Loq

Wow, I think there are many quality employees that are very good at what we do so we must be worth something. IMO there isn't a company that can do what we can on an international level. Every company in our industry is experiencing the same pains as we are, my hope is that we broaden our offerings to include every facet of technology and kick the competitions a-- to the curb, that's how you grow a company. HCL wont solve anything except loose valuable employees. We should be expanding instead of crawling in a hole dammit.

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Post ID: @mkm+YUV4Loq

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