https://rbj.net/2019/03/20/xerox-filing-details-project-own-it-plans-to-save-1-5-billion/
7 replies (most recent on top)
I don’t get it either.. stock seems to raise every day. Investors seem to be as stupid as they are.. with so many information and obvious signs.. I think I would research a bit more my investment than these id--ts mind to do.
I wonder if any potential buyers realize that the financials are 'exaggerated' in light of Xerox's slow pay of invoices? Just ask our vendors how happy they have been during the last 120 days with this new policy in place.
Carl Icahn and company have no history of "growing" a company. Their main goal is to make that company look profitable, by whatever means, so the stock goes up (which it has), sell the stock to add a few more billion to his bank account, and then piece-out anything that will bring him more money.
He has no intention of returning Xerox to it's core values or technologies. Karl isn't Musk, or Jobs, or Gates; his only vision for the future is fast money in his pocket. Not sure what he plans to sell off; perhaps the name, the patents, or whatever technology is being developed at PARC.
I worked for Xerox for over 35 years, and retired several years ago. For the last ten years, I worked at PARC. When I left I assumed some marketable research was taking place, but pretty much the entire second floor was vacant and they were leasing-out half the parking lot to more successful neighors; Nest and Tesla.
Xerox has been slowly dying over the past two decades; held together all these years by hopes and dreams and coorporate BS. Karl is just putting a bullet in its head, and then selling parts of the carcass to the highest bidders. Xerox had a good run, in the early years, but failed to hire the right upper managment to keep it alive. Johnny Vas---ne is just there to pull the trigger and collect his $23M bounty.
Sad times indeed, and I feel for some of my very talented and hardworking coworkers who are still employed at Xerox. To those who still have jobs; don't expect to retire from Xerox. I just can't see it happening. Good luck to you all.
Well he seems to have a big one, cuz he ain’t satisfied that easily numbers.
Well, as head line indicates.. their intention by chopping heads is obvious. More to the pockets
When executive management is so incompetent and completely incapable of growing revenue, this is all they can do.
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