Canon is Leader in U.S. Copier/MFP Market
Canon emerged as the market leader across three categories: 2017 Total A3 U.S. copier/MFP (monochrome and color), 2017 Total U.S. A3 Copier/MFP (monochrome), and 2017 Total U.S. A3 Copier/MFP (color).
Category: Featured Posts
New Xerox CEO Visentin Explains Strategic Alternatives
Visentin assures employees that Xerox will continue “to run the business well” and support its thousands of customers.
Fujifilm to Sue Xerox over Scrapped Xerox-Fuji Xerox Merger Deal
Bloomberg also reported that Fujifilm COO Sukeno said that wants to explain to Xerox shareholders that the merger with Fuji Xerox is the only option for Xerox to grow and have a future. A combined entity would be more efficient, he said.
What’s Next for Xerox? Private Equity Sale, Competitor Sale, or Icahn Plan?
While the new Xerox board was scheduled to meet this week to discuss alternatives, Icahn’s previously published report, “Rescuing and Revitalizing an American Icon,” may provide some clues about what will happen next if Xerox isn’t sold.
Brother Launches New Translation, Security, Customization Solutions
Through a new partnership, Brother is providing scan-to-translate functionality enabled by thebigword language-translation services.
HP Previews New State-of-the-Art Large-Format Photo Printers
HP notes that the market for large photo merchandising grew seven percent in 2017, according to InfoTrends, with nearly 1.3 trillion photos taken in the same year, according to The New York Times.
Xerox Calls Off Deal with Fujifilm, Will Install New Leadership
Robert J. Keegan, Charles Prince, Ann N. Reese, William Curt Hunter, and Stephen H. Rusckowski each resigned from the Xerox Board of Directors.
Xerox Reassures Customers
“Through all the external noise there is something that remains very constant and clear – our commitment to you. Beyond the headlines is a team of people who ARE Xerox. We are the 35,000 people who come to work every day to create great products and solutions, and to deliver great service to our customers and partners around the world.”
Icahn, Deason Reject Xerox Peace Offering, Denounce Leadership
Icahn and Deason claim they have been “approached by pretty much every major financial sponsor, and they have all expressed interest in Xerox.”
Xerox to Negotiate More Favorable Fujifilm Deal
In the letter, the board noted that Icahn and Deason have targeted management and the board with “personal, unsubstantiated attacks that we believe have been damaging to Xerox.”
Deason, Icahn Post $150 Million Bond to Keep Temporary Injunction Against Fujifilm Deal
“We see several paths to victory – but none of them involve selling a 50.1% interest in Xerox in a deal that offers no control premium and leaves shareholders vulnerable to oppression by an overlord that is embroiled in an ever-widening accounting scandal,” said Icahn and Deason.
Stunning U-Turn: Xerox Settlement Off; Current Xerox Board, CEO Remain in Place
“The brazen self-interest of the Xerox Board defies description,” stated Carl Icahn, who blamed the Xerox board for letting the deal expire.
Panasonic Updates Status of B2B Transition, Document-Scanner Strategy, More
Steve Young, president and CEO of Square 9 Softworks, explained that Square 9 has been working with Panasonic for close to two years, noting, “We’re trying to re-define the notion of (document) capture…and the reach of capture.”
In Stunning Reversal, Xerox Yields to Deason and Icahn in Far-Reaching Settlement
The new Xerox board will meet immediately to discuss alternatives to the proposed Xerox-Fuji Xerox merger.
Ricoh Reports ¥135.5 Billion Loss for Fiscal Year
For its fiscal year that will end in March 2019, Ricoh is forecasting that sales will be down slightly (-1.1 percent) and net income of ¥47 billion.
Preliminary Injunction Blocks Proposed Xerox-Fujifilm Deal
Court papers noted: “The lynchpin of the Court’s decision turns on the conduct of Xerox CEO Jeff Jacobson in the time frame preceding the Board’s approval of a transaction that granted control of an American icon company to Fuji without any cash payment by Fuji to Xerox shareholders, and the Board’s acquiescence in Jacobson’s conduct.”
