Xerox to split into two companies

Xerox logoXerox is set to split into two companies, with one focusing on its hardware business ("Document Technology") and another specializing in its outsourcing service business, according to the Wall Street Journal, citing anonymous sources.

The move is set to be formally announced as part of the company’s quarterly earnings on Friday.

The schism comes just two months after Carl Icahn, a noted billionaire investor, announced that he had acquired an eight percent stake in the company. Consequently, he will now control three seats on the company’s board.

Xerox, which employs over 147,000 people worldwide, has made annual profits of around $1 billion each of the last three years, financial records show.

The company recently won a notable contract with the Florida Department of Transportation to process toll transactions.

Source: Ars Technica
Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Galaxy Note10 really is built around a 6.7-inch display
 
You may still be able to download your content
 
Facebook, Messenger and Instagram are all going away
 
Minimize apps to a floating, always-on-top bubble
 
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
 
The 2001 operating system has reached its lowest share level
 
The entire TSMC 5nm design infrastructure is available now from TSMC
 
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
    123
45678910
11121314151617
18192021222324
2526272829  




Poll

Do you use microSD card with your phone?
or leave your own version in comments (16)