Thread regarding Xerox Corp. layoffs

Time for action

For all your rumour and conjecture, it remains there is a singular point to be focused on - despite the tactical acquisition of Lexmark, revenues continue to decline, profits are hit, cash flow is a challenge.

The IP ‘JV’ is simply a payday loan, high interest and default traps that are set to compound the return to the JV party.

Xerox have a simple task to undertake - sell, sell, sell - not more of their business but sell MORE BUSINESS - new business, renewal business, cross-sell business, partner business, channel business, integrator business, churn tin, sell accessories.

Oh, and sell IT business too - but a saturated market with a lot of more capable players, which are far superior to Xerox.

This is a very simple task, but a very difficult one.

I wonder how we may reflect on this in 12 months time.

And as for the stock price - a reflection of what investors believe in the Xerox leadership - the past two years say they only believe in 10% of what they say and do.

The CEO and Board need a shakedown, are they believe they acting in the best interest of the shareholders, or themselves.

I believe they are acting in their own best interest.

In which case we have yet to see a new stock price low, then perhaps a new CEO.

God speed Xerox.


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| 934 views | | 9 replies (last February 20) | Reply
Post ID: @OP+1khwa41t8

9 replies (most recent on top)

@dy it's not necessary worried about the pension as much as it is asking the question from a company financial liability that the company is required to meet that could be affected (no long required to pay into) with a chapter 11 filing. It's a we need get this cost off our books; how can we do that well only with Chapter 11.

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Post ID: @e6+1khwa41t8

Must be nice to even get to worry about pensions. A lot of us are just stuck with our IRA that isn't even getting matched anymore.

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Post ID: @dy+1khwa41t8

@a7 not a chance, but they should not need to.

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Post ID: @aq+1khwa41t8

stop it Rick

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Post ID: @ag+1khwa41t8

@a6 Does this include any future payments into those pension funds? As in the money already in the trust is protected but Xerox is still making payment into the trust?

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Post ID: @a7+1khwa41t8

@a5 The only pension plans "on" the books belong to the senior guys. This could be interesting. Before anyone freaks out, regular pension funds are in a trust and out of the reach of management.

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Post ID: @a6+1khwa41t8

A thought is if the JV owns the IP and Xerox goes under and resurfaces form bankruptcy as technically and legally another company then the IP could be re licensed to the new company.

There could be a silver lining in this JV setup in a bankruptcy; the stock holders get sc--wed, outstanding debt gets taken care off, any pension plans get wiped off the books and the new emerged Xerox goes back to licensing the IP and back to business with a smaller and leaner operation.

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Post ID: @a5+1khwa41t8

So sell everything but keep that horrible absolutely horrible Java U.I. 🤮
Okay, writing that down.

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Post ID: @a4+1khwa41t8

Good flipping luck.

Yes all the rumors and conjecture.
Pleaseeee.

If you can’t read the writing on the walls, than you deserve everything that happens.

You keep calling it conjecture. If that helps you sleep better at night, so be it

But you have no more time left. 12 months!!! Hah!! More like 12 weeks. Maybe 12 days. Keep dreaming. 😴
.

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Post ID: @a1+1khwa41t8

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