How many are waiting for that payoff, that tap on the shoulder, that bonus to leave the sinking ship. But worse than that, how many are just coasting along without a care in the world, ensuring that the ship will inevitably end up sinking, despite... — read more
Xerox Comedy I
Does anyone else laugh as hard as I do when SB calls J.E.G., Jag? Dude doesn't know how to pronounce a high ranking member of the EC nor does anyone on EC care to correct him.
The real bad stuff will be in the 10Q, which is due on Sunday
The happy-talk non-GAAP will be left out of the formal earnings filing, and we'll see how bad it really is. It's due 40 days after quarter end, which is Sunday. They will wait until after market close to do so.
I can get $100m for XRX!
SLT members from the last 5 years return your compensation.
Nobody Mentioned This
SB in response to one of the canned questions; "it's impossible to forecast quarter to quarter for Wall Street". Wait, what?!!! I thought that is your job. Then he followed with a telling slip of the tongue; "That's why companies go private and can... — read more
Continuing to march to the beat
"We, the unwilling, led by the unknowing, are doing the impossible for the ungrateful. We have done so much, for so long, with so little, we are now qualified to do anything with nothing." ---Konstantin Josef Jireček---
The Truman Show is over
For anyone who hasn’t seen “The Truman Show”: it’s a story about a man who lives inside a perfect illusion. His entire life is a TV set. The town, the neighbors, even his wife and coworkers… all actors. They know it’s fake. They get paid to keep the... — read more
S&P just downgraded XRX to CCC+ an hour ago
https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3473445 I guess Wall Street didn't care for the Clown's pep rally today. This is why you pay your bills.
So Mr CEO, is it really Free Cash Flow, or unpaid bills
Has the CEO broken SEC rules on declaring Free Cash Flow on the Q3 Results, after he admits to the employees that it is only there because the company held payments for debts.
SteveB: the unfiltered reality check
This isn’t rumor, emotion, or gossip. This is what the company itself has said, plus the math that follows from it. No fluff. No slogans. Just reality. Where Xerox actually is: Q3 cash generation did not cover costs; free cash flow driven by... — read more
Q4 will be worse
Layoffs will be bigger than the 15% wave a year ago. The goodwill write down will be in excess of 1 billion, and that will lower the EV and push Debt to Equity to over 1000%. Access to debt markets will effectively cease, and vendors that aren't... — read more
The Callousness of it All
We all knew it'd be ugly but wow oh wow.. let's just summarize what we were told: Stop prioritizing personal matters and start to prioritize Xerox. In his famous word salad told us that we need to manage our lives at home and how we are spending... — read more
Is there risk?
One of the questions asked was: is there risk of bankruptcy, assuming this spouted from someone who heard one of the many 3rd party analyst saying there is a high risk of such an event. The answer from SB was: Absolutely not, as long as we execute... — read more
11/5/25 Townhall Reactions
This merger is really making me think about who bought who? So far looks like a lot of Xerox folks got cut in favor of Lex and their processes. I guess that’s the big solution? As always, it’s just rearranging chairs on the deck of the Titanic.
Town Hall Bingo!
Take a sip every time you hear: We've got more work to do We gotta make the hard decisions Xerox is BACK. We are here! The Street is loving us/The Street is excited I will answer that later
Is he really saying this?
Is he really talking to us about how we manage our pay and cut backs we have to do at home? He did get a raise this year, when have we received a raise to support the cost of living increases?
Non-bankruptcy options ahead?
I am not saying CH11 is or is not imminent. But more actions are ahead. Some potentials: More RIFs and firings Changes to the severance policy to reduce total payment obligations Avoiding pension fund contributions, forcing 0% lump sum... — read more
Low quality service: Alumni@xerox.com
Has anyone been IRIFed and attempted to get basic questions answered using the only available method (alumni@xerox.com)? It’s insane - a ticket is created, no reference to the original question maintained, non-responsiveness other than auto-replies... — read more
Java UI Guy
Gonna feed the troll, but... To the guy that keeps posting on everything about the Java UI being the root cause of Xerox's decline...would you care to elaborate more than just a vomit emoji? I think you might have some really deep insights that... — read more
Such outstanding performance from the CEO - a share price now LESS than $3
When, oh when, will the Board fire this clown 🤡
Open letter to SteveB — Questions that NO ONE asks you but need to be answered
SteveB, You just reported Q3’25 results. Let’s strip out the “reinvention” slogans and talk GAAP facts. Because GAAP is the real score: it shows what a company truly earns and spends, with no special adjustments or “creative” add-backs. Here are... — read more
Will Goodwill turn to negative equity in Q4
https://investors.xerox.com/news-releases/news-release-details/xerox-releases-third-quarter-results-1 It's a question, not a statement. We know they skipped the Goodwill testing and put it off until Q4. We also know they are required to do it once... — read more
Really? You kept him on the board?
How can anyone respect the CEO when he continues to get huge raises despite crazy bad performance. The best was JB who was the mastermind of the collapse he not only got a bunch of raises and bonuses, he was asked to leave and got a heroes send off... — read more
Cash Burn Rate - How long before Xerox is sold or Ch 11?
Risk of Chapter 11 or sale Given the above: The heavy debt load (several billions) and relatively small cash cushion raise risk if business continues to decline or cash flow weakens. A sale or restructuring becomes more likely if they cannot reverse... — read more
The Layoff's continue today...
Our dealer liaison informed us he was let go today, effective immediately. Is this round 2?
So no Goodwill Testing this Q
They have to do it once a year, by SEC regulation, and 3 quarters are gone now, so it will be December. As bad as it was, the next call will be a lot worse.
CEO : Have you no shame ?
Another set of disastrous results, yet another excuse of word salad - "While continued macro volatility and near-term uncertainties on government funding decisions weighed on transactional print this quarter“ RESIGN NOW CEO !
Steve B MUST GO: The Xerox PREDICAMENT
Xerox's decline has been nothing short of alarming. Over the past year alone, we've witnessed a staggering 59.6% drop, bringing the decline to 80.26% since 2020. Leadership is the cornerstone of any thriving organization, and I'm utterly perplexed by... — read more
Prediction Thread: Where do we close at tomorrow?
I'm going with $2.74 down $0.69 (-20%) Goodwill writedown at -$1.15BN
We need cash - I know, let’s sell all the Patents
Well, CEO decides to sell over 12,000 Xerox patents……..water next ??? https://www.businesswire.com/news/home/20251029989279/en/IPValue-Acquires-Major-Patent-Portfolio-from-Xerox
How many people were laid off between both Lexmark and Xerox?
It seems like what people are saying is it was a small layoff.. any idea?
D-Day next week!
The Q3 call will be a disaster as most quarterly calls have been since i left. Capt Clown will then go on about re-invention and how 'the street' is believing in the re-invention. LOL Friend who is still there told me that Xerox isn't paying any... — read more
Toner Manufacture
Heard a rumor they are moving where toner will be manufactured, like offshore. Would that make any sense with tariffs? Doesn't the union have an agreement? Or is this just to close all of webster facility?
October 30th 2025 is DDAY
It's Q3 earnings day. I guess we'll find out how bad it is.
New Proficio?
Proficio sounds like the old ricoh line aka Aficio... These must be relabeled ricoh production boxes? Launch date March 2026...Love the... — read more
Age Discrimination suits
Has anyone ever successfully sued and won after being Irif'd? Out the 81 people released last week, only 9 were under 40.
Could the Goodwill Impairment Charge rech $2BN?
The current total XRX Goodwill is only $1.91 BN, but.... Lexmark has goodwill as well. With a total market cap of less than 1/3 of the Goodwill, you have to wonder if they have ANY Goodwill value left. They wrote down 1BN a yer ago when the stock was... — read more
Well, that's not great
I mentioned where I work during an outing this weekend, and someone actually asked what that was. He was young, maybe early 20s, but can you imagine a decade or so ago someone not knowing about Xerox? I wasn’t offended or anything, but if there’s... — read more