> Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.Previous | First | 1 | Last | Next
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Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.
Shafts shareholders by suspending its dividend.
Share price falls below a dollar.
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Re: Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.
wrote:
Shafts shareholders by suspending its dividend.
Share price falls below a dollar.
I did that!
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Re: Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.
Not surprising. They haven't had a profit for shareholders in at least 3 years.
Add onto that that they were a big tech company 1960's through 2000's so they have lots of legacy "could have been" technologies they need to write off and pensions. Finally, as a legacy company they are big and slow not small and nimble like a competitor.
Some private equity firmb will buy them soon enough and sell them off for parts. If you have a xerox pension, I advise you to get insurance on it.
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Re: Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.
We simply don't need ass-photocopying technology any more. Not when the phone in my pocket can deliver HD pics of muh dik WORLDWIDE in a split second
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.,Re: Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.
still used for some purposes (medical/legal) - but might as well be selling buggy whips
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Re: Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.
All they had to do was transition into scanners and printers (the components of a copier) and be better than HP and Brother. That isnt a high bar.
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Re: Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.
wrote:
All they had to do was transition into scanners and printers (the components of a copier) and be better than HP and Brother. That isnt a high bar.
I suspect there's some "non-competitive" business practices in play in the printer industry.
It makes sense too since the government has a big interest in printing certain things, not just hate literature but also money and forged documents. That secret squirrel shyt usually fuqs the little guy HARD.
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Re: Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.
wrote:
We simply don't need ass-photocopying technology any more. Not when the phone in my pocket can deliver HD pics of muh dik WORLDWIDE in a split second
Dik pix? You're inadequate!
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Re: Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.
wrote:
All they had to do was transition into scanners and printers (the components of a copier) and be better than HP and Brother. That isnt a high bar.
Instead, Xerox went into toll-by-mail billing.
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Re: Xerox loses 2/3 of its value in ONE YEAR; a household name that has been in business for 123 years.
Steve Jobs stole the crown jewels (GUI OS) from Xerox Parc.
It's been downhill for Xerox ever since.
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