The past year and a half has felt a bit like end game.
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Everything is for sale. The parts of th business they want to keep have been moved under different legal names. The rest will be bankruptcy. Inside of that will be your retirement.
We already sold? All former Xerox IP is owned be IPCo.
Xerox now effectively licenses the brand. Xerox literally has to pay a 3% royalty fee to sell Xerox products.
I know these things are not shared internally, but if you want to know what is truly going on, stop drinking cool aid and research.
@a6 some receivables left to sell but thats it.
In order for XRX be sold, we need a buyer. It has no value on a book basis it economic basis. Who would buy that?
No way xerox is sold it’s not worth the debt. Ch 11 or ch 7 then assets sold. There are su-kers born every minute but they are smart enough to avoid buying a pig in a poke.
The biggest issue is what they will do with the service delivery and the supply department to uphold contractual obligations.
Transferring technical services locally would be a big headache. Local companies taking on the nuances of each account. Xerox thinks every customer is the same, and does not realize each customer has extremely unique needs that at this point, only the TSR and local sales representative know.
Good luck, customer!
With the amount of debt carried by Xerox, who would take that on? If I were a competitor, it'd be cheaper just to let Xerox fail then take their market share.
I would be surprised. Who wants to buy a buggy whip company?