Feeds

Xerox abandons SOHO sector

Loss-making, non-core

  • alert
  • submit to reddit

Intelligent flash storage arrays

Xerox, the blue chip-to-pauper imaging biz, is leaving the retail sector. The debt-driven company says this is consistent with stated aim of focusing on "core growth opportunities".

The move will also "generate significant cash savings and improved earnings". In Q1, this year the company's SOHO (small office/home office) sales were $139m (three per cent of group revenues) and a whopping pre-tax loss of $82m.

The company forecasts a similar loss in Q2. Xerox will wind down its personal inkjet and copier products, sold mostly through retail, over the next six months.

This will help its inventory position - but the length of withdrawal will do nothing for average selling prices - or keenness for retailers and disties to pay up in a hurry.

It is also very nice news for HP and Canon. ®

Secure remote control for conventional and virtual desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.