Xerox taking over HP? Go to the Xerox page on this site and read the posts. What's striking is the vitriol and absolute loss of decorum. I'm reminded of the great zombie movie 28 Days Later. The virus will spread rapidly through HP if Xerox breaks through the gates.
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Commercial is, consumer is barely. It can focus on actual development and not just cookie-cutter PCs.
Also, it could be part of a plan to shed PC's and let Houston float off into the gulf.
As long as PC's and Laptops are still profitable, why do that?
Actually Vancouver could expand. They have a long term plan for a new building but it could be a ploy. Vancouver certainly beats Houston. Also, it could be part of a plan to shed PC's and let Houston float off into the gulf.
Sounds like Icahn and XRX have backed off for the moment. Still, it's sad to see that HP's best days are behind it, what with all the chatter about closings and downsizing in San Diego, Vancouver and Boise.
Sounds like the Compaq infection.
Apparently @12edy2Qg-jlfm doesn't understand how stocks work either.
The 42.6% held by those companies/investment firms is just a PORTION of who owns HP stock. HP doesn't own the remaining 57%. People who have their own personal IRA's do. Pension funds do. Etc. They just own much smaller amounts of stock so they didn't make the "top 10" or whatever that list is. Someone can own one single share of HP in their own personal investment account. If you listed every owner of HP stock the list would be miles long. And it changes every day the stock market is open.
Apparently @12edy2Qg-ijaj knows nothing how stocks work.
Stocks are loans. A company sells stock to get money for projects. They also buy back stocks when they no longer need outside funding. Smaller businesses get business loans and larger corporations get listed on the stock exchange to sell stocks to get money.
That being said. All the outstanding stocks that @12edy2Qg-ijaj listed only add up to 42.64% of the total stock. That means that HP is in control of over 50% of the company.
Don't forget that Icahn is now being investigated for insider trading so he might be going the same way that Martha Stewart went........to jail.
"HP has been quietly buying back stock for the last 2 years and HP owns most of HP. "
Nonsense. A company can't own itself.
Icahn is truly the 5th largest shareholder, and none of the other big shareholders give a damn about HP or HP employees.
Pretty much the same outfits that voted for the Compaq deal...
The Vanguard Group, Inc. 8.54%
Dodge & Cox 8.03%
SSgA Funds Management, Inc. 4.86%
BlackRock Fund Advisors 4.66%
Icahn Associates Holding LLC 4.25%
PRIMECAP Management Co. 3.15%
Nomura Securities Co., Ltd. (Priv... 2.93%
Wellington Management Co. LLP 2.45%
DWS Investment GmbH 2.36%
Geode Capital Management LLC 1.41%
https://money.cnn.com/quote/shareholders/shareholders.html?symb=HPq&subView=institutional
In reply to @12edy2Qg-flmv
Icahn is not the 5th largest shareholder of HP.
HP has been quietly buying back stock for the last 2 years and HP owns most of HP. Vanguard owns just over 8% of HP stock and is the largest holder of HP stock outside of HP.
I think that HP is on very solid ground to say no to Xerox and Icahn.
Seriously, if Xerox buys HP, prepare for mass layoffs, benefits being reduced, 401K benefits being reduced, pay freezes, etc.
So, business as usual then?
Because the people at HP have NEVER thought about any of this.
Let me also reminder you, Carl Icahn FORCED this Xerox action. He's a corporate raider. He didn't ask, he just did. He tossed out Xerox's CEO and put in Visentin. So even though you may think "Why would HP want to partner with Xerox", well Icahn has a way of forcing himself into companies by becoming a larger shareholder. He's got 4.5% of HP, which makes him the fifth largest shareholder. Don't think this can't happen to HP... I never thought it would happen to Xerox and yet here we are.
I am a Xerox employee. Well, sort-of. Our company is now wholly owned by Xerox, whereas we were an independent dealer before that. Since Carl ICahn got his hooks into our company it's been a downhill dumpster fire. Seriously, if Xerox buys HP, prepare for mass layoffs, benefits being reduced, 401K benefits being reduced, pay freezes, etc. It's been horrifying to watch. If any of you have a say at HP, KEEP CARL ICAHN AWAY FROM YOUR BUSINESS. He will decimate it. I promise you.
I think HP was somewhat open to a discussing the possibility of a partnership, joint venture or even a merger of some type till the ultimatum. Now HP sees Xerox as a threat and and a distraction. Latest retoric from Icahn is downright offensive. Why would HP want to partner with that?
Just wait till you're switched to Lotus Notes. Tech Powerhouse loves Java and Swing UI; look at their production controller.
No worries, we have stocked up on Holly Water, Silver Bullets and Vampire Stakes. Come and get us Xerox and we will make Quentin Tarantino's "Dusk till dawn" movie seem like a Disney film.
So true!