Tagged With "Fujifilm"
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Xerox & Fuji Film Coming down to the Wire
Court Listener magazine is reporting that discovery has begun, including depositions of Fujifilm executives o This is in regards to Fujifilm trying to force Xerox to pay a $1 billion fine for backing out of the deal where Fujifilm was to acquire Xerox o Both sides apparently have been ordered by the judge to complete discovery by Oct. 19, 2019 - Article published in Wirth Consulting magazine is titled; “Fujifilm CEO Still Wants Xerox, But Will HP Beat Him to the Punch?” o Predicts HP will...
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FUJIFILM CHANGING THE DYNAMICS OF PRINT, DEBUTING INNOVATIVE INKJET SOLUTIONS AT PRINTING UNITED
Hanover Park, Ill., October 15, 2019 – FUJIFILM North America Corporation, Graphic Systems Division to showcase an impressive line-up of new and innovative inkjet solutions at PRINTING United , October 23 – 25, 2019, in booth 8220 at the Kay Bailey Hutchison Convention Center, in Dallas, Texas. Industry-leading inkjet technology in Fujifilm booth 8220 will include: J Press 750S Awarded SGIA Product of the Year 2019 – Digital Press, the new J Press 750S addresses today’s print market’s...
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FUJIFILM UVIJET UV INKS RETAIN GREENGUARD GOLD CERTIFICATION
FUJIFILM UVIJET UV INKS RETAIN GREENGUARD GOLD CERTIFICATION Hanover Park, Ill., December 10, 2019 – With an on-going commitment to environmental responsibility, Fujifilm announces 25 of its Uvijet UV inks continue to retain GREENGUARD ® Gold Certification, a highly-regarded industry accreditation. The GREENGUARD Gold Certification standard includes health-based criteria for additional chemicals and also requires lower total VOC emissions levels to help ensure that products are acceptable...
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Xerox Reinforces Significant Benefits of Its Proposed Combination with Fuji Xerox
NORWALK, Conn.--( BUSINESS WIRE )--The Board of Directors (the “Board”) of Xerox (NYSE:XRX) today issued the following letter to Xerox shareholders, reinforcing its belief in the significant benefits of the Company’s proposed combination with Fuji Xerox: *** Dear Xerox Shareholders, On January 31, 2018, Xerox announced its plans to combine with Fuji Xerox – the joint venture Xerox and Fujifilm established in Asia 56 years ago – to create a global leader in innovative print technologies and...
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After Era That Made It a Verb, Xerox, in a Sale, Is Past Tense
A Rank Xerox copying machine in 1963. Rank Xerox was a joint venture of Xerox and the Rank Organization of Britain. Credit Walter Nurnberg/SSPL, via Getty Images When Xerox introduced its popular copying machines in 1959, their wizardry was considered as high tech as the iPhone when Steve Jobs presented it to the world almost 50 years later. But just as Xerox made carbon paper obsolete, the iPhone, Google Docs and the cloud made Xerox a company of the past. On Wednesday, Xerox said that,...
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Icahn's opposition puts terms of Fujifilm-Xerox deal in spotlight
Fujifilm CEO Shigetaka Komori's talk of acquiring Xerox without spending a penny apparently struck a nerve with billionaire investor Carl Icahn, right. (Komori photo by Manami Yamada, Icahn photo by Reuters) TOKYO -- Top shareholder Carl Icahn's opposition to Xerox's takeover by Fujifilm Holdings raises the prospect of a tug-of-war over the terms of the deal ahead of the U.S. blue chip's next general meeting. read the rest here
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Xerox and Fujifilm North America Partner to Expand Inkjet Portfolios
NORWALK, Conn. — September 11, 2017 — Xerox and FUJIFILM North America Corporation’s Graphic Systems Division today announced a reseller agreement for Xerox to market and sell the Fujifilm J Press 720S in the U.S. and Canada. The J Press 720S is a sheetfed inkjet press that has the quality and robustness of an offset press as well as the versatility to handle short press runs. The J Press 720S has a 29.5 inch x 20.9 inch sheet size and runs both coated and uncoated standard offset stock,...
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Xerox backs out of $6.1bn sale in blow to Fujifilm
NEW YORK/TOKYO -- U.S. copier and printer maker Xerox said Sunday that it is terminating a Jan. 31 deal to sell a majority stake to its long-time business partner Fujifilm Holdings, causing a major upset to the Japanese company's plans to strengthen its overseas operations. Xerox said it has reached an agreement with Carl Icahn and Darwin Deason, two activist investors opposed to the Fujifilm deal. Xerox is now overhauling its board by removing six of its 10 board members and appointing five...
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Stubborn Fujifilm loses out to Icahn in battle for Xerox
TOKYO -- U.S. office equipment maker Xerox scrapped plans to be bought by Japanese partner Fujifilm Holdings amid a steady drumbeat of criticism from shareholder Carl Icahn, in what amounts to a stinging defeat for Fujifilm CEO Shigetaka Komori. Under an agreement with activist investors Icahn and Darwin Deason announced on Sunday, six Xerox board members resigned and were replaced by five new directors more closely aligned with Icahn. The departing board members include CEO Jeff Jacobson, a...
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Stubborn Fujifilm loses out to Icahn in battle for Xerox
TOKYO -- U.S. office equipment maker Xerox scrapped plans to be bought by Japanese partner Fujifilm Holdings amid a steady drumbeat of criticism from shareholder Carl Icahn, in what amounts to a stinging defeat for Fujifilm CEO Shigetaka Komori. Under an agreement with activist investors Icahn and Darwin Deason announced on Sunday, six Xerox board members resigned and were replaced by five new directors more closely aligned with Icahn. The departing board members include CEO Jeff Jacobson, a...
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Fujifilm Tells Xerox It's Reviewing Its Options, Including 'Legal Action Seeking Damages'
Fujifilm is considering legal action that would force Xerox to pay damages for backing out of acquisition talks but it said it will not raise the value of its offer for the company. “The proposed transaction, including its economic terms, was negotiated at arm's length based on fair valuations and we continue to believe it is the best option designed to allow the stockholders of both companies to share the enhanced future value of the combined company with Fujifilm," the company said in a...
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Xerox names John Visentin as CEO after scrapping Fujifilm deal
(Reuters) - Xerox Corp (NYSE: XRX ) has appointed John Visentin as chief executive officer and set July 31 for its annual shareholders meeting, the U.S. photocopier maker said on Wednesday. Visentin was also elected vice chairman of the board with Keith Cozza elected as chairman, Xerox said in a statement. Visentin replaces CEO Jeff Jacobson, the main architect of a proposed $6.1 billion deal with Fujifilm Holdings Corp <4901.T> which was scrapped this week in a settlement with...
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FUJIFILM TO RELEASE NEW ROLL-TO-ROLL WIDE FORMAT PRESS
FUJIFILM TO RELEASE NEW ROLL-TO-ROLL WIDE FORMAT PRESS Hanover Park, Ill., May 8, 2018 – The new Acuity LED 1600R is the latest addition to Fujifilm’s popular Acuity Series, offering customers a flexible, lower cost alternative to the successful Acuity LED 1600 II hybrid press that recently achieved its 1,000th global install. Featuring Q-Class printheads from FUJIFILM Dimatix, the Acuity LED 1600R is a 64 inch dedicated roll-to-roll press, offering four color channels, with the option of a...
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Xerox faces hurdles in finding another buyer
Fujifilm Holdings isn't done with Xerox Corp. The Tokyo-based company is planning to sue the photocopier manufacturer for cancelling their planned $6.1 billion merger . Jeff Jacobson , who was under heavy scrutiny for orchestrating the deal, resigned from his role as Xerox chief executive officer and as a member of the board of directors. Keith Cozza and John Visentin , both Icahn Enterprises (NASDAQ: IEP) executives, are now in charge of the Norwalk, Connecticut-based company. I spoke with...
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Fujifilm and Xerox renegotiate terms under pressure from Team Icahn
TOKYO -- Fujifilm Holdings and Xerox are renegotiating an agreement that would see the Japanese group take over its long-time American partner but which has run into vocal opposition from top investors Carl Icahn and Darwin Deason
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Xerox profit slumps as battle over Fujifilm deal intensifies
Xerox said on Tuesday its chief executive officer and most of its board will step down to settle a lawsuit by activist shareholders Carl Icahn and Darwin Deason, paving the way for new management to reconsider the contentious deal with Fujifilm. The company said on Wednesday that it will not provide a forecast for 2018 due to the pending director appointment, nomination and settlement agreement with Icahn and Deason. It would have reaffirmed its full-year guidance on revenue, adjusted...
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Xerox board seeks better terms from Fujifilm, will resume talks
(Reuters) - Xerox Corp’s board said on Wednesday it intended to resume merger discussions with Fujifilm Holdings, seeking a superior deal to terms announced at the end of January that have spurred a proxy fight over the company. Carl Icahn and Darwin Deason, who own 15 percent of Xerox, have been trying to unravel the deal and unlock more value out the company. Asserting the Fujifilm deal values Xerox at just $28 per share, they said this week they would consider an all-cash bid of at least...
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Fujifilm left exposed by careless emails in Xerox merger lawsuit
TOKYO -- Fujifilm Holdings was left standing at the altar in May, after U.S. office equipment maker Xerox terminated its takeover agreement with the Japanese company. The trouble began with the Supreme Court of the State of New York, which temporarily suspended the deal in April. A close look at the court's ruling shows that over-friendly emails between the management of the two companies shifted the case in favor of a group of large shareholders, including activist investor Carl Icahn,...
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Fujifilm’s Komori gives Xerox ‘six months’ to decide on takeover
TOKYO -- Fujifilm Holdings still believes that its takeover offer for Xerox is the U.S. office equipment maker's best hope for survival in a fiercely competitive global market, but the company is preparing in case the deal falls through, Fujifilm CEO Shigetaka Komori said in an interview with Nikkei on Thursday. “When I thought of the best way to maximize the corporate value of Xerox, the takeover was the only choice, and I still think this plan is the one and only way,” Komori stressed.
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Fuji Xerox appoints Icahn-backed director to the board
TOKYO -- Fuji Xerox, the joint venture between Fujifilm Holdings and the office equipment supplier Xerox, said on Thursday it has named to its board of directors an executive supported by activist investor Carl Icahn. The executive, John Visentin, took over as Xerox CEO in May as part of the settlement Icahn and fellow activist investor Darwin Deason reached with the American company. The investors are pressuring Xerox to abandon a $6.1 billion takeover by Fujifilm. read the rest here
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Fujifilm sues Xerox over aborted merger, seeks more than $1 billion
Fujifilm sued Xerox on Monday for well over $1 billion plus punitive damages, accusing it of succumbing to pressure from activist investors Carl Icahn and Darwin Deason in abandoning a proposed $6.1 billion merger. Fujifilm accused Xerox of engaging in "intentional and egregious conduct" in calling off the merger, after the photocopier company reached a settlement with Icahn and Deason that handed control to new management, according to the complaint filed with the U.S. District Court in...
Blog Post
I Wouldn’t Buy a Fuji Xerox
July 2, 2018 FujiFilm is suing Xerox for a Billion dollars because Xerox backed out of the merger after one of the Xerox Board of Directors staged a rebellion. “ Fujifilm (also)…threatened to compete against Xerox Corp …if it failed to renew its technology agreement in 2021.” If you are unaware of the relationship between Fuji and Xerox, Fuji makes a large portion of Xerox’s line of Office equipment. Your Xerox Rep probably just calls them “Xerox” because he doesn’t want you concerned about...
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Fuji Xerox president warns against ending joint venture
While Xerox Corp. and Fujifilm Holdings are locked in a legal combat over the termination of their acquisition deal, the head of Fuji Xerox Co. Ltd., the joint venture between the sparring companies, expressed confidence that the venture’s future is secure. In an interview with Reuters , Fuji Xerox President Kouichi Tamai insisted that the companies will keep the joint venture intact, despite threats from Xerox that it would seek out new partners for the Asia-Pacific market. Fuji Xerox is 75...
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New Xerox CEO calls Fujifilm’s bid to renew merger talks ‘delusional,’ casts shadow over Fuji Xerox venture
NEW YORK/SAN FRANCISCO – Xerox Corp. CEO John Visentin blasted his Fujifilm Holdings Corp. counterpart’s efforts to revive merger talks and warned that he doesn’t plan to renew the companies’ Asia joint venture Fuji Xerox in 2021. Visentin, elevated to CEO after shareholders Carl Icahn and Darwin Deason won a court order blocking the companies’ $6.1 billion merger deal, said in a letter to Fujifilm Chairman Shigetaka Komori on Monday that a lawsuit by Tokyo-based Fujifilm was “nothing more...
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Xerox reportedly in talks for a deal with Fujifilm
ROCHESTER, N.Y. — Xerox is reportedly in talks with Japanese camera compan y Fujifilm to strike a deal that could rejuvenate the document technology company. A deal could result in a “change of control” at the Norwalk, Conn.-based company, though a full takeover of Xerox Corp. ( XRX ) is not on the table, the Wall Street Journal reported Wednesday. Fujifilm and Xerox embarked on a joint venture in the 1960s, called Fuji Xerox Co. , a consolidated subsidiary of parent company Fujifilm...
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FUJIFILM DIMATIX TO FEATURE POWERFUL INDUSTRIAL INKJET PRINTBAR INNOVATIONS AT TECHCONNECT
FUJIFILM DIMATIX TO FEATURE POWERFUL INDUSTRIAL INKJET PRINTBAR INNOVATIONS AT TECHCONNECT Lebanon, NH, June 11, 2019 – Advanced inkjet printbar technologies developed by FUJIFILM Dimatix, Inc. will be showcased at the upcoming TechConnect World Innovation Conference & Expo, June 17 - 19, 2019, at Hynes Convention Center, Boston, Massachusetts. Highlights within FUJIFILM Dimatix booth number 103 include the Samba ® Mini 4300 Series Industrial Inkjet Printbar System for the development,...
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WRIGHT PRINTING TAKES THE LEAD AS FIRST U.S. INSTALL OF FUJIFILM’S NEW J PRESS 750S
WRIGHT PRINTING TAKES THE LEAD AS FIRST U.S. INSTALL OF FUJIFILM’S NEW J PRESS 750S ‘The J Press 750S has been a real victory’ Hanover Park, Ill., June 25, 2019 – Industry leader Wright Printing installs Fujifilm’s third generation J Press 750S, the most productive production inkjet platform available. “We’ve experienced double-digit growth over the years,” said Mark Wright, owner, Wright Printing. “It’s due to the impressive line-up of J Press digital inkjet technology we have acquired.
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Fujifilm develops ‘disruptive’ technology with Illumina
While UV LED curing technologies have been around for more than a decade, converters have been reticent to adopt–citing a host of issues and concerns. Fujifilm , however, believes it has differentiated itself with the new Illumina LED retrofit system. In addition to productivity increases and cost savings, Fujifilm is promoting improved consistency. Fujifilm has co-developed the Illumina LED curing system with its ink chemists to serve as a one-stop shop for the entire process, from the...
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Xerox & Fujifilm Arguing Over....
From a recent clip, it seems that Xerox wants to dispose top Fujifil execs for their on going court battle. I didn't realize that the fine for backing out of the Fujifilm deal is $1 Billion dollars. I guess there will be more to come on this, Can you imagine if Xerox lost?
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FUJIFILM’S J PRESS 750S ACHIEVES ISO/PAS 15339 SYSTEM CERTIFICATION AND MASTER ELITE STATUS FROM IDEALLIANCE
FUJIFILM’S J PRESS 750S ACHIEVES ISO/PAS 15339 SYSTEM CERTIFICATION AND MASTER ELITE STATUS FROM IDEALLIANCE ‘This achievement puts Fujifilm into a category of its own’ Hanover Park, Ill., August 20, 2019 – Idealliance recently announced significant achievements to Fujifilm’s world-leading production inkjet J Press 750S for obtaining the Digital Press Inkjet System Certification and ISO/PAS 15339 System Certification; and raised the bar in earning Master Elite status with the J Press 750S...
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Xerox CEO John Visentin Awarded $23M Total Pay In First Year
Xerox CEO John Visentin’s total compensation for his first year with the company topped $23 million in a mix of base salary, bonus awards, and stock options, the company disclosed in a regulatory filing. The company’s compensation committee is asking shareholders to approve that total pay, as well as a projected $13 million in 2019 compensation in an advisory vote. “During 2018, the Company conducted hundreds of calls and meetings with individual shareholders, and we received virtually no...
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COLLAZO GROUP RISES FROM THE RUINS WITH THE ONSET X1-LT AFTER A DEVASTATING HURRICANE MARIA
COLLAZO GROUP RISES FROM THE RUINS WITH THE ONSET X1-LT AFTER A DEVASTATING HURRICANE MARIA Hanover Park, Ill., May 22, 2019 – Collazo Group, a Puerto Rico-based print service provider rebuilds its successful business with Fujifilm’s Inca Onset X1-LT, months after Hurricane Maria, a powerful Category 4 storm which devastated several islands in the Caribbean. Hurricane Maria came ashore on September 20, 2018, and was the strongest storm to make landfall in Puerto Rico in 85 years, with...
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PUSH SOLUTIONS DOUBLES UP ON POWERFUL WIDE FORMAT INNOVATIONS FROM FUJIFILM
Hanover Park, Ill., May 29, 2019 – Push Solutions, a New Berlin, Wisconsin-based print service provider doubles its wide format LED-UV printing power with Fujifilm’s Acuity F and Acuity LED 1600 II presses. At its core, Push Solutions is a kit-packing house, specializing in national distribution for retail support, with a heavy focus on print management, distribution and supply chain. “We are extremely happy with our recent acquisition of the Acuity F ,” says Brad Flagge, president, Push...
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FUJIFILM DIMATIX TO FEATURE STATE-OF-THE-ART INKJET TECHNOLOGIES AT INPRINT USA
Lebanon, NH, April 2, 2019 – Advanced inkjet innovations developed by FUJIFILM Dimatix, Inc. will be on display within booth 201 at the upcoming InPrint USA trade show, April 9 – 11, 2019, at the Kentucky International Convention Center, in Louisville, Kentucky. Highlights within the FUJIFILM Dimatix booth include: Samba ® Mini 4300 Series Industrial Inkjet Printbar System For the commercial and packaging printing segments, the Samba PS4300 is a compact printbar system designed to be easily...
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FUJIFILM’S SUPERWIDE STANDOUT ACUITY ULTRA TO DEBUT AT GRAPHICS CANADA EXPO
Hanover Park, Ill., April 3, 2019 – Innovations in superwide UV press technology to be displayed by FUJIFILM North America Corporation, Graphic Systems Division at the upcoming Graphics Canada Expo, April 11 – 13, 2019, at the Toronto International Centre, in Mississauga, Ontario, Canada. The Acuity Ultra, featured in booth 5234, is the new superwide UV printer from Fujifilm, and part of the Acuity Ultra Series , available in 126” (3.2 m) and 197” (5 m) versions. Acuity Ultra offers print...
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INCREASED MARGINS AND REDUCED COSTS WITH FUJIFILM’S ILLUMINA LED RETROFIT SYSTEM AT BEAU LABEL
INCREASED MARGINS AND REDUCED COSTS WITH FUJIFILM’S ILLUMINA LED RETROFIT SYSTEM AT BEAU LABEL ‘The power savings are enormous’ Hanover Park, Ill., April 30, 2019 – Beau Label, a third generation family-owned print service provider located in Hillside, New Jersey, strategically situated between Newark and New York City installs its third Illumina ® LED Retrofit System along with 300 Series UV-LED inks by Fujifilm, and further experiences increased margins and reduced costs. The Illumina...
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Xerox says exploring potential deal for financing business
(Reuters) - Xerox Corp said on Monday it was exploring the possibility of a “strategic transaction” for its customer financing business, which accounts for more than 65 percent of its overall debt. The printer maker said its plan to simplify its operations would lead to gross savings of at least $640 million in 2019 and $1.5 billion by 2021. Advertisement The move comes close on the heels of a plan announced by the company to restructure itself to become a wholly owned unit of a new holding...
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ARTISAN TRIUMPHS WITH A TRINITY OF WIDE FORMAT ONSET PRESSES FROM FUJIFILM
ARTISAN TRIUMPHS WITH A TRINITY OF WIDE FORMAT ONSET PRESSES FROM FUJIFILM Hanover Park, Ill., March 26, 2019 – Artisan Complete, a full service Toronto-area print provider is victorious in its quest to win more work with a trio of wide format presses from Fujifilm, featuring two Onset X3s and an Onset R40i (also known as QR40). “We started in digital wide format with the very first Inca Columbia Turbo in 2004,” said Peter Balzer, CEO, Artisan Complete. “As our business grew we upgraded to...
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Re: Fujifilm sues Xerox over aborted merger, seeks more than $1 billion
My how the plot continues to thicken.
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Re: I Wouldn’t Buy a Fuji Xerox
With all the customers who supposedly “do 75% research before meeting with anyone” I couldn’t imagine anyone dealing with anyone who sold xerox equipment if they truly did any research.
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Re: I Wouldn’t Buy a Fuji Xerox
I have a municipal RFP for 50+ copiers that I have to a make a group presentation to this month. I expect one of the final three making a presentation is Xerox, who is not the incumbent vendor. How would you go about dropping this breaking news on the audience? I know it is not good etiquette to speak badly about your competitors but I definitely do not want to let this bone head move by Xerox to slip by. As a Toshiba sales rep, I have been bad mouthed by my competitors for the last two...
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Re: I Wouldn’t Buy a Fuji Xerox
To me it’s not bad mouthing anyone when you share “news” with a customer. I keep a portfolio of recent industry news for people to see.
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Re: I Wouldn’t Buy a Fuji Xerox
SSG I would have a slide about stability in the market place and how acquisitions are changing the industry
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Re: I Wouldn’t Buy a Fuji Xerox
I have never had a prospective customer tell me anything other than thank you for sharing the information. What I have had is people throw that companies stuff in the trash in front of me, or hand it to me and say thanks you made the decision easy. Usually if they are throwing it away I just tell them I will take it and dispose of it for them after I get the information I need off it.
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Re: Xerox exits Fujifilm venture with $2.3 billion stake sale to Japan partner
This statement is extremely interesting....."“We can now expand our sales territory...and launch new products,” because Fuji Xerox will now be able to sell copiers not just to Xerox, but also to other brands in the United States and Europe, he said." What could the other brands be? Toshiba, Kyocera, Sharp, Ricoh or maybe a Mega Dealer? Maybe some new company?
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Re: Xerox Production Presses Question
The majority of Xerox's production models are also Fuji Xerox engines/technology with the exception of the inkjet-based Baltoro.
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Re: Xerox & Fujifilm Arguing Over....
If it gets to the point where it looks like Xerox may lose, do you think they negotiate a fee to end the court battle? If HP (as rumored) was going to pay more than Fuji anyway (let's say ~6.6B vs Fuji's 6.1B offer), Xerox can pay a $400M walk fee and then sell to HP for the 6.6B. Fuji gets compensated, HP pays what their offer was and Xerox saves face by saying they sold for more than Fuji's offer.
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Re: Xerox & Fujifilm Arguing Over....
that could happen, but then what happens with the OEM agreement? I'm sure HP does not have the gear to replace A4, A3 and production. One thing for sure, it will be interesting to see what plays out
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Fujifilm Customer Interviews Show Encouraging Print Service Industry Outlook
Fujifilm Customer Interviews Show Encouraging Print Service Industry Outlook Despite the Pandemic, Optimism Increases Over Return to Normal Business Conditions by Fall Hanover Park, Ill., June 16, 2020 – FUJIFILM North America Corporation, Graphic Systems Division, announced results from qualitative interviews with more than 1,100 customers indicating an encouraging outlook for print service providers despite the recent COVID-19 impact on many commercial businesses. Encouragingly, the...
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Fuji Xerox Spearheads Digital Transformation For Businesses With 13 New Product Models
Accelerates efficiency while enhancing security, document management and remote working capabilities Fuji Xerox has today announced the launch of 13 new models from its digital multifunction/printer ApeosPort and DocuPrint series (Refer to Table A) in New Zealand. The latest products, together with Fuji Xerox’s solutions, will allow businesses to overcome new challenges around security, be more efficient and manage growing operational complexities. “The needs of our customers are changing,...