Tagged With "Visentin"

Frak, who is going to blink first? Xerox or Fujifilm Xerox states that they will not renew the 50 year relationship with Fuji-Xerox, Fuji Xerox manufacturers most of Xerox's MFPs. Where would Xerox go for MFP's?

It's my understanding that most of these savings came from the backs of the employees and the consolidation of many Global and Xerox locations. Yes, Xerox is profitable, but I also know of many xclint sales people that have left the Global (XBS) ranks. You just can't replace these peeps overnight. Winners: John Visentin and Xerox shareholders Losers: Employees

Norwalk-based Xerox jettisoned 400 more jobs in the first quarter of the year while leaving unfilled roughly another 1,100 that opened up as a result of employee attrition. The reductions took Xerox’s workforce to 30,900 people at the end of March. Under CEO John Visentin, revenue dropped 9 percent from a year earlier to $2.2 billion, but profits surged to $133 million from $23 million in the first quarter of 2018. Shares were down 5 percent Thursday to $32.17, but remain up 60 percent on...

It's A New Day At Xerox New Xerox CEO John Visentin took the first 15 minutes of the company's second-quarter earnings call to catalog some of the firm's strengths, weaknesses, and how he plans to increase revenue and modernize processes at the aging technology powerhouse. Visentin was named CEO on May 13 following a high-profile legal battle between activist investors Carl Icahn and Darwin Deason and entrenched board members over the companies proposed sale to Fujifilm. Following a legal...

Xerox cut 900 people from its global workforce in the third quarter as part of an ongoing restructuring, while reporting it has reduced the severance it pays employees who are losing their jobs, particularly in the United States. In the first full quarter that new CEO John Visentin has led Xerox, after a proxy battle that shifted leadership of the company to activist investors Carl Icahn and Darwin Deason, the Norwalk-based printing equipment maker reported net income of $89 million in the...

Xerox Holdings Corporation announced the appointment of Nicole Torraco as senior vice president and chief strategy and M&A officer. In this newly created role, she reports to John Visentin, vice chairman and CEO of Xerox, and serves as a corporate officer. “Nicole brings a rare combination of financial acumen and entrepreneurship, with an impressive record of identifying strategic opportunities that deliver value,” said Visentin. “Xerox has built a strong M&A pipeline and has a...

On Sunday, HP’s board of directors nixed Xerox’s recent offer that lit up the printer copier market with buzz during the last two weeks as the legacy behemoths mulled coming together. HP said it was not tossing out the idea of the two giants merging at some point, but it was saying no to this Xerox offer. “We recognize the potential benefits of consolidation, and we are open to exploring whether there is value to be created for HP shareholders through a potential combination with Xerox,”...

Points Xerox CEO John Visentin wrote a letter to HP’s directors asking that they reconsider the company’s takeover bid before the board brings its case to HP shareholders directly. HP’s board unanimously rejected Xerox’s bid to acquire the company over the weekend. The HP board argued the deal undervalued the company and was not in the best interest of shareholders. Xerox’s board of directors threatened to go to HP’s shareholders if the company does not reconsider its acquisition bid, Xerox...

(Bloomberg) -- Xerox Holdings Corp. believes its proposed HP Inc. takeover would create as much as $1.5 billion in potential revenue growth, according a presentation to HP’s shareholders made public Monday. The printer maker outlined its case for a tie-up between the companies, arguing the combined firm will be worth about $31 a share to HP investors on a pro-forma basis. The merged entity will generate more than $4 billion in free cash flow in the first year before taking any synergies into...

AFP-JIJI NEW YORK – Xerox said Tuesday it would take its hostile takeover offer for HP to shareholders after the computer and printer maker rejected the $33 billion offer. The copy machine pioneer said it would make its case to shareholders because the HP board “continues to obfuscate and make misleading statements” about the proposed tie-up. “The potential benefits of a combination between HP and Xerox are self-evident,” Xerox chief executive John Visentin said in a letter to HP’s board.

May 17, 2018 Dear Colleagues, I am honored to have the opportunity to lead such an iconic company and join you in shaping the future of Xerox as your new CEO. The twists and turns of the last few months have understandably left you with a number of questions. Before I address some of your concerns I want every one of you to feel confident that I am committed to taking Xerox to the next level. see attached document

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

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...

Xerox offloaded 4,500 jobs in the first half of 2019 through a mix of attrition, layoffs and a new outsourcing agreement, as the company enters its second year under the leadership of CEO John Visentin after a 2018 proxy battle led by billionaires Carl Icahn and Darwin Deason. Xerox has its headquarters in Norwalk, with the company’s global workforce dropping below 28,000 employees as of the end of June. In March, Xerox announced an extension of an outsourcing agreement with HCL, which...

Image source: The Motley Fool. (NYSE: XRX) Q1 2019 Earnings Call April 25, 2019 8:00 a.m. ET " data-reactid="23" type="text"> Xerox (NYSE: XRX) Q1 2019 Earnings Call April 25, 2019 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, and welcome to the Xerox Corporation first-quarter 2019 earnings release conference call, hosted by John Visentin, vice chairman and chief executive officer. He is joined by Bill Osbourn,...

Did Ricoh USA also lay off some people?

Have not heard anything about Ricoh laying off lately

"Business equipment supplier Konica Minolta plans to lay off 219 workers in December as it moves closer to shuttering two facilities in Windsor. In a notice sent to the state Labor Department on Monday, the company said the layoffs would go into effect on Dec. 14 and provided a breakdown of the positions affected, including analysts, billing specialists, division directors, managers, sales administrators, technicians, and others. Konica Minolta announced plans to close its facilities at 500...

I just heard this a few minutes ago. Global is gone as of January 1 it’s being absorbed buy xerox directions. I guess many more peeps are going to be looking for jobs, more on this as we all find out More

Looks likes the hostile takeover may come to fruition

While I understand the profits are awesome, the stock price is unreal, I still have suspicion that there is an additional axe to drop in the near future. It's obvious that Xerox and Fuji are still at odds, and looming in 2020 is the renewal of the OEM agreement for Fuji-Xerox

Xerox names new executive Deena LaMarque Piquion was named new Chief Marketing Officer - Previously was SVP and GM of Latin America division - Will be responsible for enabling go-to-market teams to generate revenue and build awareness and demand - Will report to CEO, John Visentin

I'm shocked....so young...... condolences to friend and family... RIP

Printer maker Xerox Holdings Corp said on Wednesday Chief Executive Officer John Visentin, 59, has died due to complications from an ongoing illness. Xerox (XRX) called Visentin’s death unexpected and said it has named Steve Bandrowczak, president and chief operations officer, as interim CEO. Visentin, who was also the vice chairman, joined Xerox as its CEO in May 2018 after he was nominated by Carl Icahn. The activist investor’s firm is the biggest shareholder of the company, according to...