Headline Rollup for May 4, 2018

Xerox CEO quits in win for Carl Icahn

The CEO of Xerox is quitting and the company’s plan to be taken over by Japan’s Fujifilm has been thrown into doubt.


Fujifilm weighs next move on Xerox after foes of merger take over

TOKYO — Fujifilm Holdings is ready to fight for its planned acquisition of Xerox after a majority of the American office machine maker’s board quit at the insistence of the deal’s powerful opponents.


4 ways Big Data is impacting the world of e-commerce

Big data in e-commerce assists businesses in personalizing services, predicting trends, forecasting requirements, amongst other functionalities, to improve customer experience and increase sales.


HP Australia ordered to compensate customers for printer tech

The Australian Competition and Consumer Commission (ACCC) has told HP PPS Australia to compensate customers who purchased its printers without being told they contained technology that did not allow for non-HP ink cartridges to be used in them.


Xerox Reports First-Quarter 2018 Results

  • Strong start to operating cash flow, at $216 million in the quarter
  • Continued revenue growth in managed document services and Global Imaging Systems operations
  • Adjusted operating margin of 10.4 percent, down 0.6 points year-over-year; operating margin, excluding equity income, up 0.5 points
  • Core operating profit, excluding equity income, grew 5 percent year-over-year

 

Exclusive: Apollo Global approaches Xerox about possible acquisition – sources

(Reuters) – Buyout firm Apollo Global Management LLC (APO.N) has approached Xerox Corp (XRX.N) to express interest in a possible acquisition, casting new uncertainty over the U.S. printer company’s $6.1 billion sale to Japan’s Fujifilm Holdings (4901.T), people familiar with the matter said on Wednesday.


Universal Imaging Industries, LLC Response to Frivolous Lawsuit Filed By Lexmark.

Universal Imaging Industries, LLC develops and manufactures its products with IP compliance as the top priority and UII does not infringe a single claim of Lexmark’s patents.  This lawsuit is simply a tactic by Lexmark and its co-owned companies, Apex, Ninestar, and Static to stifle the remanufacturing industry so they can take over the industry and then stop selling chips like they did a few months ago.  The only reason Apex and Static began selling MS/MX chips again recently is likely because UII released its line of MS/MX chips and Lexmark, Apex, Ninestar, and Static are trying to eliminate their competition so they can then resume not supplying chips again, effectively eliminating the Lexmark aftermarket remanufacturing industry.

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