Articles about xerox

bomb

Xerox flip-flops on US$6.1 billion Fujifilm flip after investor flap

As expected, Xerox under its activist-investor-controlled board has decided to exit its deal with Fujifilm. Carl Icahn and Darwin Deason, who between them controlled 15 per cent of Xerox stock, objected almost immediately to a US$6.1bn deal they said left them as passive investors in a Fuji subsidiary. The deal involved a …
man photocopies own head, pic by shutterstock

Xerox CEO resigns as company caves to activist investors

Activist investor Carl Icahn and his partner in litigation Darwin Deason have reached a settlement with Xerox in a proxy war and litigation arising out of the January Fujifilm-Xerox transaction. After Fujifilm agreed in January to take control of Xerox, Icahn (who with Deason owned 15 per cent of Xerox) complained he was left …
Businessman boxer

Xerox CEO accused of seeking Fujifilm tie-up against board's instructions

In January, Xerox and Fujifilm decided their best chance of surviving the printer-copier downturn was a multi-billion dollar mutual rescue package led by the Fuji Xerox joint venture. Now, a lawsuit alleges Xerox CEO Jeff Jacobson rushed into the deal against instructions from the company's board. The lawsuit was filed in a …
man photocopies own head, pic by shutterstock

Icahn't get right Xerox Fuji merger spoils, cries activist investor Carl

Activist investor Carl Icahn is ranting that Fujifilm's zero-sum acquisition of photocopier biz Xerox leaves him as a "passive minority owner of a Fuji subsidiary". The takeover deal, valued at $6.1bn, came about through a complicated series of purchases of a Fuji-Xerox joint venture resulting in the JV buying out Fuji's stake …
Gareth Corfield, 13 Feb 2018
Shouting match

Sack the Xerox CEO 'immediately', yell activist investors

Activist investors Carl Icahn and Darwin Deacon are linking arms to force Xerox to “explore strategic alternatives” for the business and squeeze out the “old guard” manning the fort should they resist change. Icahn and Darwin collectively own 40 million shares in photocopier and print giant Xerox - equating to a 15 per cent …
Paul Kunert, 23 Jan 2018
Xerox split

Xerox lays out BPO breakup plan

Xerox has detailed the plans that will see the legendary compute company split itself into two different branches. The former photocopy king says that it has named Ashok Vemuri as the CEO of what will become the Xerox Business Process Outsourcing (BPO) company. "Ashok's deep industry experience and proven track record of …
Shaun Nichols, 14 Jun 2016

Amazon nabs AI boffin from Xerox PARC

Amazon has hired Ashwin Ram, an ex-Xerox PARC employee and a researcher in cognitive science, in an effort to step up its AI R&D department. Although Amazon have not officially released a statement, Ram announced on Twitter that he was “excited to join Amazon.” A spokesperson from Amazon has confirmed his appointment but …
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Atos buys up Xerox ITO, splashing almost $1 billion in process

Atos has completed its acquisition of Xerox's outsourcing biz as the French firm gears up for an American invasion. The company snapped up Xerox ITO (Information Technology Outsourcing) for $966m (£618m), slightly less than the initial $1.05bn (£670m) agreement announced back in December. Thierry Breton, Atos chief exec, said …
Kat Hall, 2 Jul 2015
Un Frog

Merlot and hot dogs: Atos snaps up Xerox's outsourcing biz for $1.05bn

French IT services giant Atos has snapped up Xerox's outsourcing biz for $1.05bn (£670m), as it tries to extend its garlic and lemon-infused tentacles across the American market. The deal for the company's Information Technology Outsourcing unit will add $1.5bn (£960m) of revenue to Atos's €8.6bn (£5.5bn) turnover. Of Xerox's …
Kat Hall, 19 Dec 2014
Xerox PARC's world-changing Alto

PARC Alto source code released by computer history museum

The Computer History Museum in Mountain View has released another foundational piece of software to the world at large: some of the code that gave the world the Xerox Alto computer, which among other things helped inspire a couple of young garage developers, Steves Jobs and Wozniak. To the modern eye, the Alto looks odd – …

Two Xerox houses become one: Pair of copycats now big, fat £57m UK firm

Print integrator Xeretec has wolfed down fellow Xerox house Bytes Document Solutions (BDS) for an undisclosed sum. The deal, which was closed in the wee small hours of this morning, will create a £57m turnover organisation that employs 220 staff across 11 offices in the UK and Ireland, the firms claimed. Darren Spence, UK MD …
Paul Kunert, 1 May 2014

Xerox names former HP veteran as UK channel royalty

Former HP veteran Norman Richardson has landed at Xerox to run UK channels, the copier titan has confirmed. After 23 years at HP, he left in April '12 when the printer business he ran in Blighty was slapped together with the PC operation and Paul Hunter, who headed that biz was given the top job of the merged organ. In back …
Paul Kunert, 7 Feb 2014

SEC asks Affiliated Computer Services to step aside, snaps on rubber glove

The Securities and Exchange Commission is probing bean counting methods used by Xerox tentacle Affiliated Computer Services. In a filing, the copier monster confirmed the SEC has been "conducting an investigation of certain accounting practices" at ACS, an outsourcing and data centre management player that Xerox forked out $6. …
Paul Kunert, 8 Oct 2013
Xerox WorkCentre 7535

Xerox begins rolling out patches for jumbled-numbers copier glitch

Two weeks after it was first made aware of the problem, Xerox has begun rolling out a fix for a software glitch that caused numbers in documents scanned by certain of its WorkCentre multi-function printers (MFPs) to come up garbled. "Our engineering team has been working around the clock to deliver the patch," Xerox wrote in a …
Neil McAllister, 22 Aug 2013

Xerox admits there's no fix yet for number-fudging copiers

A flaw in the scanning compression software of some Xerox copiers which changes digits and numbers run through the machine is worse than first thought and will require a full software upgrade, the self-styled "Document Company" has said. The flaw was first spotted by German computer science student David Kriesel, who …
Iain Thomson, 14 Aug 2013
Xerox WorkCentre 7535

Patching Xerox's number-changing photocopy phlaw will take weeks

Xerox has told its customers that their copiers may continue churning out dodgy numbers for a few weeks unless they change the settings on their hardware. "To hear and see this frustration and confusion goes against all that's core to Xerox's heritage and future," wrote Rick Dastin, president of Xerox's office and solutions …
Iain Thomson, 8 Aug 2013
axe_channel_teaser

Danwood axes 200 after discovering 'accounting weaknesses'

Top brass at print consultancy the Danwood Group axed 200 staff as part of an operational review following the discovery of systemic accounting errors relating to services contracts. The details of the job cuts were laid bare in a Companies House filing today for the Lincoln-based HP, Xerox and Canon sales biz, covering …
Paul Kunert, 28 May 2013
The Register breaking news

Apple raids Xerox YET AGAIN - for its chief beancounter

Xerox has announced that Apple has snaffled its chief financial officer Luca Maestri to be the new Cupertino corporate controller from the end of February. The firm synonymous with photocopying said Maestri was a "stellar finance executive" and that it had started a search to replace him. Maestri will take over from ex-Appler …

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