[polkamatic]

AE Wealth Management LLC Has $373,000 Stock Position in Xerox Holdings Co. (NYSE:XRX)
AE Wealth Management LLC Has $373,000 Stock Position in Xerox Holdings Co. (NYSE:XRX)

[polkamatic]

Defense World: 147,893 Shares in Xerox Holdings Co. (NYSE:XRX) Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D bought a new position in Xerox Holdings Co. (NYSE:XRX – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 147,893 shares of the information technology services provider’s stock, valued at approximately $2,159,000. State of New Jersey Common Pension Fund D owned 0.10% of Xerox as of its most recent filing with the SEC.

More:
147,893 Shares in Xerox Holdings Co. (NYSE:XRX) Bought by State of New Jersey Common Pension Fund D

[polkamatic]

XRX: Xerox’s PARC Spins Out Novity, a Breakthrough Predictive Maintenance Venture
NORWALK, Conn., November 02, 2022--(BUSINESS WIRE)--Xerox has spun out Novity™, a start-up founded by Xerox’s Palo Alto Research Center that has developed and commercialized industrial predictive maintenance technology.

"PARC’s goal has always been to incubate, launch and commercialize disruptive technologies, and Novity is an excellent example of this model in action," said Naresh Shanker, chief technology officer at Xerox and President at PARC. "We are proud of Novity’s success to-date and look forward to following the journey as it grows beyond PARC and brings manufacturers closer to the ultimate goal of zero unplanned downtime."

"Our commitment to existing and future industrial customers is to fundamentally transform the performance of a key part of their operations and ensure that it performs consistently and predictably," said Markus Larsson, founder and CEO, Novity. "With the combination of our team and PARC’s IP embedded in the Novity TruPrognostics™ engine, we’re well on the way to deliver on our mission to make manufacturers operate cleaner, faster and better."

The Novity solution was launched by PARC earlier this year and is an Industrial Internet of Things (IIoT) technology that uses equipment sensors and proprietary algorithms to enable industrial manufacturers to see the future health of their production assets without large amounts of historical data. The Novity TruPrognostics engine relies on a combination of machine learning and physics-based models of equipment, predicting failures with 90 percent or better accuracy and lead times of months, not weeks or days.

With the spin out, Xerox will maintain a minority stake in Novity.

https://finance.yahoo.com/news/xerox-parc-spins-novity-breakthrough-120000265.html

[lecorb]

JPMorgan Lowers Price Target for Xerox to $18 From $20, Maintains Underweight Rating



https://www.marketscreener.com/quote/stock/XEROX-HOLDINGS-CORPORATIO-63181095/news/JPMorgan-Lowers-Price-Target-for-Xerox-to-18-From-20-Maintains-Underweight-Rating-37639952/

[lecorb]

01/25/2022 JPMorgan Chase & Co. Lowers Price Target. $18.00
rating Downgrade Maintained? Underweight $20.00 ? $18.00

16:05:04

[polkamatic]

Xerox Holdings Corporation Plans Webcast to Discuss 2021 Fourth-Quarter and Full-Year Results

https://finance.yahoo.com/news/xerox-holdings-corporation-plans-webcast-140000111.html

NORWALK, Conn., January 18, 2022--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) will host a live audio webcast with online presentation slides at 8 a.m. ET on Tuesday, Jan. 25, to discuss the company’s 2021 fourth-quarter and full-year results. A news release containing this information will be issued earlier that day at 6:30 a.m. ET.

WHEN: 8 a.m. ET, Tuesday, Jan. 25, 2022

WHAT: Review of Xerox’s 2021 fourth-quarter and full-year results

WHO: John Visentin, vice chairman and chief executive officer, Xerox Xavier Heiss, chief financial officer, Xerox

AUDIO WEBCAST: https://edge.media-server.com/mmc/p/5gdpsa99 or https://www.xerox.com/investor
Replay available.

About Xerox Holdings Corporation (NASDAQ: XRX)
For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we've expanded into software and services to sustainably power today's workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients — no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech. Learn more at xerox.com.

[polkamatic]

Xerox Announces Multiyear Cloud Deal With Oracle

https://ashline.net/xerox-announces-multiyear-cloud-deal-with-oracle/

Dec. 18, 2021
The multiyear deal provides Xerox with a range of services for its business. The firm believes it will save the company up to $300 million over the next five years.

Xerox and Oracle have announced a multiyear cloud deal that will allow both companies to work together in the cloud. The deal will give Xerox access to Oracle’s cloud services, while also allowing Oracle to tap into Xerox’s hardware expertise.

On Thursday, Xerox Holdings Corp. announced a multiyear agreement with Oracle Corp., which would offer cloud computing infrastructure and software to Xerox’s business incubator.

The deal’s terms were not revealed.

The move is part of Xerox’s aim to accelerate the creation of new businesses that go beyond its trademark printers and copiers, whether as new business units, startups, subsidiaries, or joint partnerships.

Xerox’s net income for the quarter ended Sept. 30 fell to $90 million from $219 million a year earlier, when corporations migrated to remote work and left vacant buildings behind during the height of the Covid-19 epidemic in 2020. The business announced in October that net income for the same time this year was nearly steady at $89 million.

According to Naresh Shanker, Xerox senior vice president and chief technology officer, “creating new in-house companies” was a strategy that predates the pandemic but was expedited by workplace closures and remote work.

The objective, according to Mr. Shanker, is to build firms focusing on 3-D printing, industrial Internet-of-Things, and sustainable technology, among other new technologies, which the company has recognized as having high development potential.

Mr. Shanker said, “The aim is to develop an atmosphere and agility to compete with all of the entrepreneurs in these various areas throughout the globe.”

Xerox, based in Norwalk, Conn., is using Oracle’s cloud services to provide the digital backbone for these new businesses, which includes enterprise apps for e-commerce platforms, finance and accounting, budgeting and financial planning, analytics, and a data warehouse, among other tools, according to him.

Depending on the industry and market, each new company is projected to need its own unique information-technology infrastructure, according to Mr. Shanker. Importantly, he noted, these systems must be implemented quickly and flexible enough to react to changing market needs.

“It’s all about getting things done quickly.” “That’s how we got here,” Mr. Shanker said.


https://ashline.net/xerox-announces-multiyear-cloud-deal-with-oracle/

[santafe2]

This chart does not look good for XRX. Wall Street is selling, RSI is overbought and XRX is reaching a new three month high. Not much to like in this one.

[polkamatic]

Xerox Releases Third-Quarter Results

Tue, October 26, 2021, 6:30 AM
NORWALK, Conn., October 26, 2021--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) today announced 2021 third-quarter results.
Xerox Releases Third-Quarter Results
"Our revenue this quarter was essentially flat year-over-year, despite a deterioration in global supply chain conditions and the Delta variant, which caused delays in many of our clients’ plans to return employees to the workplace," said Xerox Vice Chairman and CEO John Visentin. "As a result of these ongoing challenges, we are revising our revenue guidance lower, but we are maintaining our free cash flow guidance of at least $500 million. Our focus on generating cash allows us to preserve, and in some cases increase, investments in innovation, while continuing to return more than 50% of free cash to shareholders and pursue M&A."

Non-GAAP Measures

This release refers to the following non-GAAP financial measures:

Adjusted EPS, which excludes Restructuring and related costs, net, Amortization of intangible assets, non-service retirement-related costs, Transaction and related costs, net and other discrete adjustments from GAAP-EPS, as applicable.

Adjusted operating margin and income, which exclude the EPS adjustments noted above as well as the remainder of Other expenses, net from pre-tax income and margin.

Constant currency (CC) revenue change, which excludes the effects of currency translation.

Free cash flow, which is operating cash flow less capital expenditures.

Refer to the "Non-GAAP Financial Measures" section of this release for a discussion of these non-GAAP measures and their reconciliation to the reported GAAP measures.

[polkamatic]

CRN: Xerox Acquires IT Consultant Competitive Computing To Reach More SMBs
By C.J. Fairfield

October 08, 2021
https://www.crn.com/news/channel-programs/xerox-acquires-it-consultant-competitive-computing-to-reach-more-smbs

Xerox has acquired Colchester, Vt.-based computer consulting firm Competitive Computing (C2) in a move to expand its IT security and cost optimization solutions in the SMB space.

“If you think about our clients today, and SMB clients particularly, there is an increased reliance on technology as a key element of their business success,” Joanne Collins Smee, executive vice president, chief commercial, SMB and channel officer at Xerox, told CRN. “The second thing is technology is burgeoning with complexity because of all the different solutions. Then the pandemic, of course, meant that clients had fewer staff, so things were more complex.

“We have found an incredible interest from our clients that traditionally had bought print from us saying, ‘Can you come in and help us manage the rest of our IT environment?’” she added.

[Related: Xerox Launches CareAR Subsidiary, Receives $10M Investment From ServiceNow]

About 65 employees are coming over to Xerox in the acquisition. Financial terms of the deal were not disclosed.

The Competitive Computing acquisition expands on two other Xerox acquisitions intended to help Xerox expand its IT services lineup. Xerox acquired both ITEC Connect, a leader in IT services in the U.K., and Digitex, an IT services provider in Canada, in March 2020.

“This is part of what we‘re doing to address the need that’s out there for technology support,” Collins Smee told CRN. “We are going to be very focused on security and protecting them. We think we have a really winning solution here with our new IT services offering.”

The Competitive Computing acquisition brings more technical support expertise to Xerox as well as grow its capacity to serve more clients, she said.

“The reality is SMBs are hit much more frequently by the bad guys than the big firms,” she said, noting the security challenges faced by small businesses. “With cost optimization, they‘re looking [to] use technology to actually have a lower cost profile and drive business success.”

Competitive Computing will initially operate under that name and then move to Xerox Business Solutions, Collins Smee said.

“We are thrilled to join the Xerox IT Services team. After serving Vermont, New England, and national clients for over 28 years, our company and team members are ideally positioned to contribute to the growth of Xerox IT Services,” said Marty Thieret, co-founder and CEO, Competitive Computing, in a statement. “Together with Xerox, we will broaden the portfolio of high-value IT and business services for our expanding client base, offer tremendous employee growth opportunities, and continue investing in the Vermont community.”

Collins Smee said Norwalk, Conn.-based Xerox recently did a survey on the SMB market and found that security is the biggest concern, followed by the burgeoning complexity of operating IT with a limited staff and, thirdly, cost optimization. To help those clients, Xerox now offers IT solutions that include laptop, server, network and router support.

The company is also offering robotic process automation (RPA) services by using the Xerox technology team to evaluate client‘s current business processes, however big or small they are. Xerox then works with the client to document the workflow and build the bots to automate key processes.

“When people think about Xerox, traditionally they think about print and we have evolved to be so much more than that,” Collins Smee said.

[polkamatic]

PR: Xerox Joins Gartner Peer Insights Customer First Program, Becomes First Provider of Managed Print Services in the Distributed Workplace to Earn Customer First Badge
https://finance.yahoo.com/news/xerox-joins-gartner-peer-insights-130000280.html
NORWALK, Conn., October 06, 2021--(BUSINESS WIRE)--Xerox announced today that it joined the Gartner Peer Insights Customer First Program. Today, Xerox is the only provider of Managed Print Services in the Distributed Workplace to have earned the Customer First Badge. Receiving this badge signifies Xerox’s commitment to soliciting fully representative customer reviews and utilizing those reviews to shape the future of the company’s products and services.

"We believe being a Customer First provider of managed print services is a testament to the incredible work that we do every day here at Xerox," said Mike Feldman, president, Americas Operations and Global Document Services at Xerox. "We are committed to supporting our customers by delivering first-class transformative solutions that are cloud-based, productive and secure, and we will continue listening to our customers and expanding our services to meet their evolving needs."

As part of Gartner Peer Insights program, Xerox solicited feedback from customers across numerous industries and geographies to gather unbiased opinions on deploying and using Xerox Managed Print Services. Recent reviews from Xerox’s global customer base include:

Xerox: MPS Partner of the Future

Xerox MPS – Excellence in Supporting our Fleet of MFDs on Campus

Xerox Products Are No Longer "Printing" They Are Transformational Tools

Visit the Xerox Management Print Services page for more information.

About Gartner Peer Insights

Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences and do not represent the views of Gartner or its affiliates.

The Gartner Peer Insights Customer First program constitutes an organization's commitment to solicit reviews from its customers using programmatic sourcing strategies and best practices. They neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates.

[polkamatic]

PR: Xerox Acquires Competitive Computing (C2) to Grow Presence in IT Services Market for SMBs
https://finance.yahoo.com/news/xerox-acquires-competitive-computing-c2-170000088.html
Tue, October 5, 2021
NORWALK, Conn., October 05, 2021--(BUSINESS WIRE)--Xerox continues to expand its IT services business by acquiring Competitive Computing (C2). C2 serves customers throughout New England and the United States and has been recognized as "Best of Business" for IT services in Vermont for the past two years.

"We're focused on expanding the reach of Xerox IT services to offer our clients automation, digitization, and security to lower operating costs, increase reliability and improve productivity," said Joanne Collins Smee, chief commercial, SMB and channels officer at Xerox. "C2’s capabilities and scale will help accelerate our growth, creating new avenues for us to support growth for small and medium sized businesses."

"We are thrilled to join the Xerox IT Services team. After serving Vermont, New England, and national clients for over 28 years, our company and team members are ideally positioned to contribute to the growth of Xerox IT Services," said Marty Thieret, co-founder and CEO, Competitive Computing (C2). "Together with Xerox, we will broaden the portfolio of high value IT and business services for our expanding client base, offer tremendous employee growth opportunities, and continue investing in the Vermont community."

This acquisition continues Xerox’s commitment to expand its IT services business. Xerox acquired both ITEC Connect, a leader in IT services in the UK, and Digitex, an IT services provider in Canada, in March 2020. The global IT services market is sized at $350B+ annually.

About Xerox Holdings Corporation (NASDAQ: XRX)
For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we've expanded into software and services to sustainably power today's workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients — no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech. Learn more at xerox.com.

[Lowjack]

NO!
They should spin off the Dumbocrats and move to a red state!

[polkamatic]

Xerox Transfers Stock Exchange Listing from NYSE to Nasdaq
https://www.news.xerox.com/news/Xerox-Transfers-Stock-Exchange-Listing-From-NYSE-to-Nasdaq
Move provides greater alignment with company’s focus on standing up new businesses and monetizing innovation
SEP 09, 2021 — CORPORATE
NORWALK, Conn. —
Xerox Holdings Corporation announced today the company will transfer its common stock listing (XRX) from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market, effective upon market open September 21. The company will continue being listed under the ticker symbol “XRX” after the transfer occurs.

While Xerox continues to deliver workplace products and services for its network of global customers and partners, the company is leveraging its research and development capabilities to advance a variety of new technologies aimed at solving the world’s biggest challenges. Priority areas of focus include digital transformation, augmented reality,robotic process automation, additive manufacturing, Industrial internet of Things and cleantech.

“Xerox's focus on services, software, financing and innovation indicates the direction we're taking our business for the future. We’re challenging the status quo by developing and leveraging new innovations to create solutions that address major secular challenges across industries,” said John Visentin, vice chairman and chief executive officer at Xerox. “I want to thank the NYSE, our listing exchange for the last 60 years, for its partnership.”

“As a longstanding technology leader, Xerox is continuing to innovate and serve as a champion for its people, customers and shareholders,” said Adena Friedman, president and chief executive officer of Nasdaq. “Xerox’s listing on Nasdaq will allow them to continue creating value for all stakeholders. We’re proud to welcome them to the Nasdaq family.”

About Xerox Holdings Corporation (NASDAQ: XRX)
For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we've expanded into software and services to sustainably power today's workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients — no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech. Learn more at xerox.com.
https://www.news.xerox.com

[cootcat]

Xerox should spin off the printer division

[polkamatic]

Insider Monkey: 15 Most Sustainable Companies In the United States
https://finance.yahoo.com/news/15-most-sustainable-companies-united-061219444.html

13. Xerox Holding Corp. (NYSE:XRX)
Sustainability score of the company for 2021: 61.1%

Next in line in our list of most sustainable companies in the United States is Xerox Holdings Corp (NYSE:XRX). Xerox Holdings Corp (NYSE:XRX) is one of those companies where you associate the name of the company with the product, such as Velcro. Among Xerox Holdings Corp (NYSE:XRX)'s sustainability initiatives are responsible paper sourcing and use, lowering carbon footprint of its products, as well as reducing use and emissions of toxic chemicals and heavy metals across its supply chain.

[polkamatic]

Xerox CEO and CFO to Speak at the J.P. Morgan Global Technology, Media and Communications Conference
XRX:Xerox CEO and CFO to Speak at the J.P. Morgan Global Technology, Media and Communications Conference
NORWALK, Conn.--(BUSINESS WIRE)--May 19, 2021--

Xerox Vice Chairman and CEO John Visentin and Executive Vice President and Chief Financial Officer, Xavier Heiss, will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021. The event will be available live via audio webcast.

WHEN:

Monday, May 24, 10:15 a.m. EDT


WHAT:

J.P. Morgan Global Technology, Media and Communications Conference


WHO:

John Visentin, vice chairman and chief executive officer, Xerox

Xavier Heiss, executive vice president and chief financial officer, Xerox


AUDIO:

https://jpmorgan.metameetings.net/events/tmc21/sessions/37963-xerox-corporation/webcast?gpu_only=true&kiosk=true or https://www.xerox.com/investor


Replay to be available.

About Xerox Holdings Corporation (NYSE: XRX)

For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we’ve expanded into software and services to sustainably power today’s workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients — no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech.

Learn more at xerox.com.

Note: Xerox ® is a trademark of Xerox in the United States and/or other countries.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210519005546/en/

CONTACT: Media Contact:

Callie Ferrari, APR, Xerox, [phone],[e-mail] Contact:

Greg Stein, Xerox, [phone],[e-mail]

KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT

INDUSTRY KEYWORD: TECHNOLOGY FINANCE BANKING OTHER TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE INTERNET HARDWARE OTHER PROFESSIONAL SERVICES

SOURCE: Xerox

Copyright Business Wire 2021.

PUB: 05/19/2021 09:00 AM/DISC: 05/19/2021 09:02 AM

http://www.businesswire.com/news/home/20210519005546/en

[Nelson2]

WTF! Anyone out there? HELLO?

[Nelson2]

Procrastinated for WAY too long. Finally bought in today and came here to celebrate with fellow investors??!
Where is everyone??

GLTA!

[polkamatic]

Xerox Reveals Suite of Production Print Innovations to Address Industry Demand

Wed, November 18, 2020, 3:05 PM EST·7 min read

Nine new products and features focus on boosting productivity and profit for print providers

Xerox (NYSE: XRX) announced a suite of production print innovations including new presses, technology enhancements for existing printers as well as artificial intelligence and automation features that aid speed and productivity.

[cootcat]

Icahn bought more xerox stock. You know what known for buy and breaking up

[cootcat]

What is Icahn up to ?

[cootcat]

Does Ican want buy HP or sell XRX

[rifmemory]

Xerox boards are very quiet, and no news either. This is down around the lows still, and is a big cap stock, so why not an opportunity. I recently made a buy and am up a little. Any words of wisdom out there?

[techisbest]

Xerox Withdraws 2020 Guidance, Reports $2M First-Quarter Loss

https://finance.yahoo.com/m/e821f5a3-30b1-305a-bed5-c9c4c7c90c73/xerox-withdraws-2020.html

[techisbest]

Xerox ends hostile takeover bid for HP

https://www.wsj.com/articles/xerox-to-end-hostile-takeover-bid-for-hp-11585684800

[Lowjack]

See ya at the bottom~!

[Watts Watt]

Anything happening with this stock?

[polkamatic]

Xerox secures $24 billion financing for proposed HP takeover

Xerox secures $24 billion financing for proposed HP takeover

(Reuters) - Xerox Holdings Corp said on Monday it has secured $24 billion in financing for its $33.5 billion takeover offer for HP Inc, a deal that the personal computer maker is opposing.

HP rejected the $22 per share offer in November saying it "significantly" undervalued the company, following which the printer maker took the offer directly to HP's shareholders.

Xerox has engaged in "constructive dialogue" with many of HP's largest shareholders, the company's chief executive officer, John Visentin, said in a letter addressed to HP's board on Monday.

"My offer stands to meet with you in person, with or without your advisors, to begin negotiating this transaction," Visentin said.

Activist investor Carl Icahn, who has a 4.2% stake in HP and a 10.9% stake in Xerox, in December urged HP shareholders who agreed with a merger with Xerox to reach out to the PC maker's directors for immediate action.

HP has said it will agree to a deal that involves the computer maker becoming the acquirer of Xerox, stating that it recognizes the potential benefits of consolidation.

Shares of HP were up nearly 2% in trading before the bell. The company did not immediately respond to a Reuters request for comment.


(Reporting by Ayanti Bera and Neha Malara in Bengaluru; Editing by Saumyadeb Chakrabarty)
Xerox secures $24 billion financing for proposed HP takeover

[polkamatic]

Xerox Woos HP Holders With $1.5 Billion Sales Growth Target

Scott Deveau,Bloomberg•December 9, 2019

(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 account, according to the presentation, confirming a report in Bloomberg News.

“The value of the transaction goes beyond economics. In consolidating industries, first movers not only win but also have an opportunity to reshape the competitive landscape in an enduring way,” John Visentin, Xerox’s chief executive officer, said in the presentation.

More:
https://finance.yahoo.com/news/xerox-woo-hp-investors-1-133001141.html

[polkamatic]

Barrons: Carl Icahn Says the HP-Xerox Merger Is a ‘No-Brainer’

By Eric J. Savitz
Dec. 4, 2019 12:31 pm ET

Carl Icahn posted an open letter to HP Inc. (ticker: HPQ) shareholders Wednesday morning, trying to pressure the board of the computer and printer company to reverse its rejection of the $22-a-share bid for the company from Xerox Holdings (XRX). The activist investor is a substantial holder in both companies and sits on the Xerox board.

https://finance.yahoo.com/m/c0e5c4c2-3e2f-3a2d-88a1-7277229d1646/carl-icahn-says-the-hp-xerox.html

[ITMS]

Xerox Corp $XRX Topping Tail Signals Pullback Coming

Shares of Xerox Corp (XRX) have surged 75% since late December 2018. Finally, today there is a topping tail, a bearish indicator that signals a pull back. Pro traders are pulling the trigger on shorts today, looking for a pullback to $27.75.





Gareth Soloway
InTheMoneyStocks

[techisbest]

Today's downdraft brought to you by...

https://finance.yahoo.com/news/xerox-becomes-fallen-angel-moody-223107334.html

(Bloomberg) -- Xerox Corp. is the newest addition to the set of companies downgraded to junk from investment grade.

After being downgraded by Fitch Ratings in August, Moody’s Investors Service followed suit Friday, citing an uncertain revenue base amid a decline in demand for copy and printing services as well as intense global competition.

The company is also on review for a downgrade by S&P Global Ratings, with their watch period ending within the next 10 days.

The company’s notes due in 2021 widened 56 basis points to 300 above Treasuries in Friday’s session, according to Trace price data, and were the most active in the investment-grade market. The cost to protect against losses on Xerox debt also jumped, reaching the highest level since 2009. Credit-default swaps on the company widened 33 basis points to 349, data from CMA show.

Investors are worried about a flood of “fallen angels,” or investment-grade credits that fall into junk. There are concerns that a number of BBB rated companies, the lowest-rated rung of the high-grade space, may become subject to downgrades when the cycle turns as several have spent much of the last decade issuing debt to take advantage of low borrowing costs.

In October, Bloomberg Intelligence analysts Robert Schiffman and Mike Campellone cited concerns over secular declines and execution challenges at Xerox that were unlikely to dissipate in the near-term. “Ratings pressure is likely to persist, with additional non-investment grade risk growing each quarter,” they said.

[T695]

Watching.... entry point coming soon

[techisbest]

Fujifilm goes after Xerox for $1B in damages

https://www.cnbc.com/2018/06/18/fujifilm-sues-xerox.html

[techisbest]

And they're out again.

https://finance.yahoo.com/news/xerox-shares-down-board-cans-115207018.html

[techisbest]

And they're baaaaack.

http://money.cnn.com/2018/05/04/investing/xerox-ceo-jeff-jacobson/index.html?ref=yfp

[techisbest]

Icahn and Deason oust Xerox CEO; deal with Fujifilm at risk

https://www.cnbc.com/2018/05/02/icahn-and-deason-oust-xerox-ceo-deal-with-fujifilm-at-risk.html?ref=yfp

[tedkov]

Xerox Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
February 12, 2018
Tags: NewsPoints Xerox Fuji United States Corporate Affairs Mergers &
Acquisitions

A group of Xerox Corportion. shareholders are attempting
to block the merger of the company by FujiFilm Holdings Corporation.

The shareholders allege that the merger price of a $2.5 billion special cash dividend or approximately $9.80 per share, funded from the combined company’s balance sheet, where Xerox shareholders will own 49.9% of the combined company and Fuji will own 50.1% is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.

Xerox did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Xerox for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or [e-mail]

[techisbest]

Deason Delivers Public Letter to the Xerox Board of Directors; Files 13D

https://www.morningstar.com/news/canada-market-wire/MWR_urn:newsml:marketwired.com:20020408:2018011711G149510-001_CAN/deason-delivers-public-letter-to-the-xerox-board-of-directors-files-13d.html

[techisbest]

More...

https://www.thestreet.com/story/14416542/1/icahn-s-xerox-boardroom-battle-suggests-m-a-may-be-next.html

[techisbest]

Icahn making a move...
https://www.cnbc.com/2017/12/11/activist-investor-carl-icahn-makes-four-nominations-for-xerox-board.html

[chrispy2468]

Silver people on the shoreline, let us be, Talkin' 'bout very free and easy

Horror grips us as we watch you die
All we can do is echo your anguished cries Stare as all human feelings die
We are leaving, you don't need us

Go, take your sister then, by the hand
Lead her away from this foreign land
Far away, where we might laugh again
We are leaving, you don't need us

[ddbl_our_buck]

..he's really a Dead Head ~ em