The Q3 call will be a disaster as most quarterly calls have been since i left. Capt Clown will then go on about re-invention and how 'the street' is believing in the re-invention. LOL
Friend who is still there told me that Xerox isn't paying any bills until the new year. Probably won't have cash for payroll. Rest assured the SLT will get their bonuses and probably a raise. Congratulations to Steve, Louie, Miranda and all involved, you can celebrate running an ICON into the ground.
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@t9 Increase the Dividend!
@sp I take it ‘D’ in your post, together with the comment on ESR relates to the new CMO
Nothing but Camaro's, gold chains and sleezy copier guys in here lol. For anyone that thinks anyone could run and Icon (Xerox) into the ground is laughable. Xerox and any other print company is irrelevant. That's like saying the typewriter was run into the ground lol. Ain't nobody gonna save this industry. It'll just keep bleeding and will eventually die... Anybody outside of that mindset is delirious. Steve B and the rest of the silly executives are just getting the payouts. The rest is propaganda. #wakeuppeople
@OP The only "Clown" around here is you. Get a life and stop posting here.
@sp How is the morale over there. Same as here?
No secret about cashflow It was raised on the uk connect call that suppliers were not getting paid. D said he hated it but that is the global position and if we need to get a supplier paid to free up esr to message him
STOP IT !!!!
@hf It's called having friends and former colleagues who still work there. They got 15+ years of my life.
@gx just moving up a bit on strong market days. Make a years pay last week! (not in XRX)
Also. Fuji cannot be “forced” to buy XRX and started developing their own US channels after JV got confused and thought he was Gordon Gekko and f’ed up the first merger attempt. Not paying bills is a childish attempt to inflate Q4 cash flow.
This thread is entertaining. A person who doesn’t know investing posting about why to buy stock and a person who has no idea of SB’s comp explaining it incorrectly. Anyone buying right now is either looking for dividend yield or covering a short position. Read a book.
@j3 Bozo - it is stated in the SEC disclosure documents - you obviously don’t know where to look.
@hz """"@gy the CEO has a stipulation in his contract to have a certain amazing of his money in Xerox stock. If the price goes down he has to buy more.""""
ONE there's a zero percent chance you've seen the CEO's contract and TWO has made ZERO purchases since May because he would have had to disclose them.
https://www.secform4.com/insider-trading/1770450.htm
@gy the CEO has a stipulation in his contract to have a certain amazing of his money in Xerox stock. If the price goes down he has to buy more.
Mystery solved.
@gx it still is
@OP So, you no longer work here, but you're posting on this forum. There's gotta be a clinical name for that behavior.
Even when your drowning and can’t swim, you come up back to the surface for a short time before plummeting to the ocean floor and become fish food.
@gx "Ticker going up over the last couple days.. What's up with that? It looked dire"
People that already have a lot of money know something you and I don't and are going to use it to make MORE money.
Google "insider stock buyers (XXXcompanyXXX)" and you can see who's buying what at whatever company you're interested in. If you are senior leadership, C-suite, or sit on a board you have to disclose all of your stock purchases of the company you sit with. One of the xerox board members bought over $100K in stock a month and a half ago.
People SELL stocks for many many reasons, they only BUY because they believe it will go UP.
Ticker going up over the last couple days.. What's up with that? It looked dire
Those who don’t learn anything from history, are doomed to repeat the mistakes that could have been avoided.
History has made its judgement.
I feel like fuji might be forced to buy them. But the xerox brand is toxic. Not sure how that will work out. Plus what would they do with the absolute no talent management probably wanting to hang around….
@ce that might have been true last year. This year no one was allowed to attend unless you were on a list.
Xerox employees at Printing United were out and about in full force making connections and networking in other vendor's booths looking for their next job knowing that the upcoming earnings results are going to be disastrous.
Yet another disaster no doubt, except for those C level who still benefit from a sinking ship, C level is not Chief in this context...
I recently re-read 'fumbling the future' which I recommend to current and ex-Xeroids, so much of I remember from my time there (25+ years) and so much still relevent, judging by the posts here.
Sad to say but there is no saving this ship so I recommend getting out before it finally sinks, I did in 2018 and have never looked back.