Was hoping to get some serious thoughts and opinions on this matter. Is everything as bad as it sounds ore are the people overreacting with their statements regarding this?
8 replies (most recent on top)
You may not like the changes but what part is not clear?
Move the hatch center? Why the heck would anyone in their right mind maintain their primary product demo center in a back water, hard to get to, frozen for nine months of the year, upstate New York location?
If they keep one at all why the heck isn’t it in a major city, with good airport?
Where will they move the Gil hatch center to?
‘Bad’ is a relative term.
Making no changes and watching the business shrink 10% a year as the copier and printer business declines is bad.
Turning over most product development and manufacturing to FujiXerox was bad.
Watching the stock decline in value year after year is bad.
Clueless Ursula paying buying a 2nd rate IT services firm and squandering the years that coul have turned around a viable printer business was bad.
Buying an also-ran French inkjet company and never really productizing it was bad.
Clueless Jeff hiring his self serving crony Andrew and protecting their own hides at the expense of the company was bad.
Trying to salvage what is left after all the above is very painful and may not work, but I won’t call it bad.
The software company line has to be the most damning. Selling the hardware businesses seems like an obvious first move, at least Office print. If Xerox doesn't have hardware, their software can be created ss platform. License ConnectKey technologies to everyone. Let everyone resell XMPie.
Of course they are going to break it up, sell,off pieces, etc. they are cleat it’s changing. Yes I trust them to do just that.
They say it’s going to be a software and services company and will take two years to see the impact. What’s the mystery?
What’s not clear?
Today it’s a company centered on hardware. Tomorrow is going to be software centered.
Alphabet is a prime example of a holding company created for the benefit of all of the subsidiaries. That could be the direction Xerox goes.
Or it could be a vehicle for selling the company.
Do you trust Icahn, who has a long history or breaking up companies? Who brought in Louie Pastor to rewrite a bunch of policies to make it easier to sell the company? Do you trust JohnV, who gets a huge payout for selling the company? Who directed the leadership not to communicate all of the changes to the HR polices that cut severance and gave them avenues to withhold it?
They still have plans to move Gil Hatch, shut down the data centers and move IT, and continue to vacate buildings in Webster.
Have you seen an actual plan to grow revenue or only plans to manipulate EPS?
Who do you believe?