Thread regarding Xerox Corp. layoffs

I guess it's the penultimate boneheaded xc acquisition, of a long line of them. I don't remember a good one and I go back a few years.

transformational
adj. | /ˌtran(t)s-fər-ˈmā-sh(ə-)nᵊl/
A SB word meaning “we’re brilliant, you just don’t get it.” Used to describe ideas that sound big but change nothing.

Example:
“We’re launching a transformational strategy.”
= “We renamed a docushare folder.”

"Where do you see the SEC reported 743M in loss?"

https://www.sec.gov/Archives/edgar/data/1770450/000119312525062401/d843949dex992.htm

Page 5 - Net earnings (loss) $(742.9)

Where do you see the SEC reported 743M in loss?

For the two finance prodigies out there still screaming that Xerox “got Lexmark for $150M”...

Xerox is buying a financial corpse, wrote a $150M farewell check to Ninestar, and—here is the part you missed—assumed the entire mountain of Lexmark’s liabilities.

Let me spell it out since the numbers did not:

• $150M in EQUITY value → the check Xerox cuts to the seller
• $1.3B+ in assumed debt and liabilities → the garbage Xerox just volunteered to carry
• $1.5B total ENTERPRISE value → the actual cost of the deal

So no, genius — Xerox did not get a steal.

In the end, Xerox adopted its debt, liabilities, and operational misery.

This is the worst and most expensive reinvention yet!

Whenever the word, "transformational" is added into the mix, rest assured, you are getting fu*ked and/or gaslit.

Same goes for when they use the word, "robust."

$1.5B, $150m, bonds trading for half price. WTF? Don’t get too excited about adding a billion or 2 of revenue dragging in $800 m of losses. Still have a debt problem even without the new financing and an incompetent management team. Garbage + garbage = ?

Steve and team live in an imaginary world. They only promote the obsequious and this is the result. I know first hand.

https://www.reuters.com/markets/deals/ninestar-sell-lexmark-xerox-much-lower-price-than-previously-announced-2025-03-26/

So, why are they floating $800 mil in junk bonds still?

But….but… I thought it was going to be 1.5B and the debt would squash us? How can this be if the financial guru said it?

Awww…sorry to bust your bubble nerd, but looks like Xerox is only buying Lexmark for 150 Million now. $u-k it! Change your argument again.

This is all very bad, here's the worst part:

All this sh-t was known by the board when they made the deal. This is only news to the outside world, via SEC filing. They knew what a bustout Lexmark is and moved ahead anyway.

Why? 2 reasons.

1. XRX is going to CH 11 (if lucky, CH 7 if not) so why not ring up more debt you're never going to pay.
2. Cheap Chinese labor. They was the cover of being an 'American' company, btu will move everything they can to China.