Xerox Company to get a Xerox- Split into two

Xerox Company to get a Xerox- Split into two


Jan 29, 2016
Xerox logoXerox Corp (XRX.N) will soon be splitting into two companies. The split is to make one part hold its legacy printer operations and the other its business process outsourcing unit. This is done in a bid to be more nimble after years of trying to integrate the businesses. Activist investor Carl Icahn, who first revealed a stake in Xerox in November, is all get three board seats on the outsourcing company and he tweeted on Friday that this separation that the company undergoes will greatly enhance the value for Xerox Corp shareholders. And he was proved right as Xerox shares rose nearly 6 percent to $9.78. Xerox also posted fourth-quarter results, with profit rising 42.5 percent and costs and expenses falling 7.3 percent. The company, whose shares had fallen more than 30 percent in the past 12 months, has tried to turn itself around by focusing on software and services as customers cut printing costs. Regarding the two companies potentially attracting interest from buyers, Xerox Chief Executive Officer Burns acknowledged that Xerox’s board and executives would speak to anyone interested.”They are both strong and both large companies. But this would not be a small buy at $11 billion and $7 billion,” she said. Burns, who took the helm in 2009 also added that the leadership and names of the new companies were yet to be decided. The document technology company, which will make printers and copiers, is estimated to have a annual revenue of $11 billion, while the business process outsourcing company will have $7 billion in revenue.

Frequently Asked Questions?

Blockchain is a decentralized, distributed ledger that records transactions across multiple computers. It ensures transparency, security, and immutability in data storage.
AR overlays digital information onto the real world through devices like smartphones or AR glasses, enhancing the user's perception of the environment.
IoT refers to the network of interconnected devices that communicate and share data. It enables smart homes, wearable tech, and efficient industrial processes.
AI involves creating computer systems capable of performing tasks that typically require human intelligence. It includes machine learning, natural language processing, and computer vision.
VR creates a simulated environment that users can interact with. It typically involves the use of VR headsets to provide an immersive experience.
Cybersecurity is the practice of protecting computer systems, networks, and data from digital attacks. It includes measures like firewalls, antivirus software, and encryption.

Join our subscribers list to get the latest news and special offers.