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Because of Xerox’s announcement this week that its CEO and six Xerox board members will be stepping down under its pending Director Appointment, Nomination and Settlement Agreement with Carl Icahn and Darwin Deason, Xerox is not releasing a financial forecast.
Canon has also filed a patent-infringement lawsuit against Static Control, which says it’s the world’s largest manufacturer and distributor of parts and supplies supporting the toner remanufacturing industry.
Fujifilm will review its plan to purchase Xerox for $6.1 billion, but also is said to have expressed serious concerns over the new developments.
The new Xerox board will meet immediately to discuss alternatives to the proposed Xerox-Fuji Xerox merger.
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.
Supplies Network, a national wholesale distributor offering imaging supplies and office-imaging equipment and parts from over 80 manufacturers, announced today the...
California’s Office of Environmental Health Hazard Assessment cites studies showing that styrene increased the incidence of combined malignant and benign lung tumors.
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.”
Revenue generated by Epson’s Printing Solutions group was ¥736.6 billion, up 7.3 percent year-over-year.
Canon Inc. of Tokyo, Japan, today announced that it’s concluded its patent-infringement lawsuit against Bluedog Distribution Inc. in the U.S....
Those who can establish a stronger printer foothold should then be able to leverage this into a strong advantage later on.
Xerox’s Keegan was speaking as part of a court hearing involving Xerox shareholder Deason’s lawsuit, which was filed in March 2018, to block Xerox’s deal with Fujifilm and also nominate directors to Xerox’s board.
“Considering our earnings, financial condition, and future business growth, Sharp has decided to pay dividends for the first time in six years.”
Sales generated by Kyocera’s Document Solutions group totaled ¥370 billion, up 23.5 percent versus the previous fiscal year.
Mike Marusic, chief operating officer for Sharp Imaging and Information Company of America, commented: “Restructuring our product management group will make us a more effective and nimble team that will unify our smart-office approach.
Xerox first announced its focus on signing up new dealers last year as part of a drive to gain a larger share of the copier/MFP small and mid-size business market by increasing its multi-brand dealer base in the United States by more than 30 percent in 2017.
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