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How Should A Printing And Copying Company Register

Written By Tuesday, May 3, 2022 Add Comment Edit

American certificate management corporation

This commodity is virtually the visitor. For photocopying, see photocopier.

Xerox Holdings Corporation
Formerly Haloid Photographic Company
Type Public

Traded as
  • Nasdaq: XRX
  • S&P 400 component
Industry Information technology
Founded Apr 18, 1906; 116 years agone  (1906-04-xviii)
Rochester, New York, U.S.
Founders Joseph C. Wilson
Chester Carlson
Headquarters

Norwalk, Connecticut

,

U.Southward.

Area served

 Worldwide

Key people
  • Keith Cozza
    (Chairman)
  • John Visentin
    (Vice chairman & CEO)
Products Role printers, production printers & digital presses, multi-part printers, broad format printers, projectors, scanners copiers, and other role equipment[1]
Services Certificate services
Revenue Increase US$7.04 billion (2021)[2]

Operating income

 Decrease US$−475 million (2021)[2]

Net income

 Decrease United states of america$−455 million (2021)[2]
Total assets Decrease United states$13.22 billion (2021) [2]
Total equity Decrease The states$4.44 billion (2021)[two]

Number of employees

 23,300 (2021)
Subsidiaries
  • Affiliated Computer Services
  • CareAR
  • PARC
  • Xerox Republic of india
Website www.xerox.com

Xerox Holdings Corporation (; also known simply equally Xerox) is an American corporation that sells print and digital document products and services in more than than 160 countries.[3] Xerox is headquartered in Norwalk, Connecticut (having moved from Stamford, Connecticut, in Oct 2007),[4] though it is incorporated in New York[5] with its largest population of employees based around Rochester, New York, the area in which the company was founded. The company purchased Affiliated Reckoner Services for $6.4 billion in early 2010.[six] As a large adult company, it is consistently placed in the listing of Fortune 500 companies.[seven]

On December 31, 2016, Xerox separated its business process service operations, essentially those operations acquired with the purchase of Affiliated Computer Services, into a new publicly traded company, Conduent. Xerox focuses on its certificate technology and document outsourcing business, and traded on the NYSE from 1961 to 2021, and the Nasdaq since 2021.[8]

Researchers at Xerox and its Palo Alto Research Center invented several of import elements of personal computing, such as the desktop metaphor GUI, the estimator mouse[9] and desktop computing.[10] The concepts were adopted by Apple and subsequently Microsoft.

History [edit]

Xerox was founded in 1906 in Rochester, New York, as The Haloid Photographic Company.[11] Information technology manufactured photographic paper and equipment.

In 1938, Chester Carlson, a physicist working independently, invented a procedure for printing images using an electrically charged photoconductor-coated metal plate[12] and dry out pulverization "toner". However, it would have more than xx years of refinement before the get-go automated machine to brand copies was commercialized, using a certificate feeder, scanning calorie-free, and a rotating drum.

Joseph C. Wilson, credited as the "founder of Xerox", took over Haloid from his father. He saw the promise of Carlson's invention and, in 1946, signed an agreement to develop information technology as a commercial product. Wilson remained as President/CEO of Xerox until 1967 and served as chairman until his death in 1971.

Looking for a term to differentiate its new organization, Haloid coined the term xerography from two Greek roots meaning "dry writing". Haloid inverse its name to Haloid Xerox in 1958 and then Xerox Corporation in 1961.[13]

Before releasing the 914, Xerox tested the market place by introducing a developed version of the image paw-operated equipment known as the Flat-plate 1385. The 1385 was not actually a viable copier because of its slowness of operation. As a consequence, it was sold as a platemaker for the Addressograph-Multigraph Multilith 1250 and related sheet-fed commencement press presses in the offset lithography marketplace. Information technology was fiddling more than than a high quality, commercially available plate camera mounted as a horizontal rostrum camera, consummate with photo-flood lighting and timer. The glass film/plate had been replaced with a selenium-coated aluminum plate. Clever electrics turned this into a quick-developing and reusable substitute for film. A skilled user could produce fast, paper and metallic printing plates of a higher quality than nearly any other method. Having started as a supplier to the commencement lithography duplicating industry, Xerox now ready its sights on capturing some of kickoff's market share.

The 1385 was followed by the first automated xerographic printer, the Copyflo, in 1955. The Copyflo was a large microfilm printer that could produce positive prints on whorl paper from any type of microfilm negative. Post-obit the Copyflo, the process was scaled downward to produce the 1824 microfilm printer. At about half the size and weight, this all the same sizable machine printed onto hand-fed, cut-sheet paper which was pulled through the process by one of ii gripper bars. A scaled-downwardly version of this gripper feed system was to get the basis for the 813 desktop copier.

Xerox 914 [edit]

The company came to prominence in 1959 with the introduction of the Xerox 914,[14] "the well-nigh successful single product of all fourth dimension." The 914, the first plain newspaper photocopier, was adult by Carlson and John H. Dessauer;[15] information technology was so popular that by the end of 1961 Xerox had almost $60 million in acquirement. The production was sold by an innovative advertizing campaign showing that fifty-fifty monkeys could make copies at the touch on of a button - simplicity would become the foundation of Xerox products and user interfaces. Revenues leaped to over $500 meg by 1965.

Xeronic Computer Printer [edit]

In 1956, Haloid formed a joint venture in the United kingdom with Rank Organisation whose Rank Precision Industries Ltd. subsidiary was charged with anglicising the US products. Rank's Precision Industries went on to develop the Xeronic computer printer and Rank Data Systems Ltd was set up up to bring the production to market. It used cathode ray tubes to generate the characters and forms that could be overlaid from microfilm images. Initially, they planned for the Ferranti and AEI computer companies to sell the Xeronic as an on-line peripheral, merely due to interface problems, Rank switched to a magnetic record off-line technique. In 1962, Lyons Computers Ltd. placed an social club for use with their LEO III computer, and the printer was delivered in 1964. It printed two,888 lines per infinitesimal, slower than the target of 5,000 lpm.[16]

1960s [edit]

In the 1960s, Xerox held a ascendant position in the photocopier market.[17] In 1960, a xerography research facility called the Wilson Center for Research and Applied science was opened in Webster, New York. In 1961, the visitor changed its name to Xerox Corporation.[18] Xerox common stock (XRX) was listed on the New York Stock Exchange in 1961[19] and on the Chicago Stock Commutation in 1990.

In 1963, Xerox introduced the Xerox 813, the start desktop apparently-paper copier, realizing Carlson's vision of a copier that could fit on anyone's role desk. X years afterwards, in 1973, a basic, analogue, colour copier, based on the 914, followed. The 914 itself was gradually sped up to become the 420 and 720. The 813 was similarly adult into the 330 and 660 products and, eventually, too the 740 desktop microfiche printer.

Xerox's first foray into duplicating, as singled-out from copying, was with the Xerox 2400, introduced in 1966. The model number denoted the number of prints produced in an hr. Although not as fast as offset press, this machine introduced the manufacture'due south first automated document feeder, newspaper slitter and perforator, and collator (sorter). This product was presently sped up by l percentage to become the Xerox 3600 Duplicator.

Meanwhile, a small lab team was borrowing 914 copiers and modifying them. The lab was developing what it called long altitude xerography (LDX) to connect ii copiers using the public telephone network, so that a document scanned on one motorcar would impress out on the other. The LDX organisation was introduced in 1964. Many years later, this work came to fruition in the Xerox telecopiers, seminal to today'due south fax machines. The fax functioning in today's multifunction copiers is true to Carlson's original vision for these devices.

In 1968, C. Peter McColough, a longtime executive of Haloid and Xerox, became Xerox'south CEO.[20] The same year, the company consolidated its headquarters at Xerox Foursquare in downtown Rochester, New York, with its 30-story Xerox Tower.[21]

Xerox embarked on a series of acquisitions. It purchased University Microfilms International in 1962, Electro-Optical Systems in 1963,[22] and R. R. Bowker in 1967. In 1969, Xerox acquired Scientific Data Systems (SDS),[23] which information technology renamed the Xerox Data Systems (XDS) division and which produced the Sigma line and its successor XDS 5xx series of mainframe computers in the 1960s and 1970s. Xerox sold XDS to Honeywell in 1975.

  • Xerox Canada Head Office at North American Life Centre (Xerox Tower), Northward York, Ontario

  • Xerox Training Center

1970s [edit]

Archie McCardell was named president of the visitor in 1971.[24] During his tenure, Xerox introduced the Xerox 6500, its first color copier.[25] During McCardell's reign at Xerox, the company appear tape revenues, earnings and profits in 1973, 1974, and 1975.[26] John Carrol became a capitalist, later spreading the visitor throughout North America.[ commendation needed ]

In the mid-1970s, Xerox introduced the "Xerox 9200 Duplicating Organisation". Originally designed to exist sold to print shops to increment their productivity, it was twice a fast every bit the 3600 duplicator at ii impressions per second (7200 per hr). Information technology was followed by the 9400, which did auto-duplexing, and then past the 9500, which was which added variable zoom reduction and electronic lightness/darkness command.[ citation needed ]

In a 1975 Super Bowl commercial for the 9200, Xerox debuted an advertising campaign featuring "Brother Dominic", a monk who used the 9200 system to save decades of transmission copying.[27] Before it was aired, there was some business that the commercial would be denounced as blasphemous. Nonetheless, when the commercial was screened for the Archbishop of New York, he found it amusing and gave it his blessing.[28] Dominic, portrayed past Jack Eagle, became the face of Xerox into the 1980s.[29]

Following these years of record profits, in 1975, Xerox resolved an anti-trust suit with the The states Federal Merchandise Commission (FTC), which at the time was nether the direction of Frederic M. Scherer. The Xerox consent decree resulted in the forced licensing of the company'south entire patent portfolio, mainly to Japanese competitors. Within four years of the consent decree, Xerox's share of the U.S. copier market dropped from almost 100% to less than 14%.[30]

In 1979, Xerox purchased Western Union International (WUI) as the basis for its proposed Xerox Telecommunications Network (XTEN) for local-loop communications. Notwithstanding, after three years, in 1982, the company decided the thought was a mistake and sold its assets to MCI at a loss.[31]

1980s [edit]

David T. Kearns, a Xerox executive since 1971, took over equally CEO in 1982. The company was revived in the 1980s and 1990s, through comeback in quality design and realignment of its product line. Attempting to aggrandize across copiers, in 1981 Xerox introduced a line of electronic retention typewriters, the Memorywriter, which gained xx% market share, by and large at the expense of IBM.[22]

In 1983, Xerox bought Crum & Forster, an insurance company, and formed Xerox Financial Services (XFS) in 1984.[22]

In 1985, Xerox sold all of its publishing subsidiaries including University Microfilms and R. R. Bowker.[32]

1990s [edit]

Xerox "Pixellated X" logo introduced in 1994

In 1990, Paul Allaire, a Xerox executive since 1966, succeeded David Kearns, who had reached mandatory retirement age. Allaire disentangled Xerox from the financial services manufacture.

The development of digital photocopiers in the 1990s and a revamp of the entire product range again gave Xerox a technical pb over its competitors. In 1990, Xerox released the DocuTech Product Publisher Model 135, ushering in print-on-demand. Digital photocopiers were essentially high-terminate laser printers with integrated scanners. Soon, additional features such as network press and faxing were added to many models, known equally Multi Office Machines, or just MFMs, which were able to be fastened to computer networks. Xerox worked to turn its product into a service, providing a complete document service to companies including supply, maintenance, configuration, and user back up.

To reinforce this image, the company introduced a corporate signature in 1994, "The Document Company", above its principal logo and introduced a ruby-red digital X. The digital X symbolized the transition of documents between the paper and digital worlds.

In April 1999, Allaire was succeeded by Richard Thoman, who had been brought in from IBM in 1997 as president. The first "outsider" to caput Xerox, Thoman resigned in 2000.

2000s [edit]

Afterwards Thoman'south resignation, Allaire again resumed the position of CEO and served until the appointment of Anne M. Mulcahy, another long-term Xerox executive.[33] Xerox'south turnaround was largely led by Mulcahy, who was appointed president in May 2000, CEO in Baronial 2001 and chairman in Jan 2002.[34] She launched an aggressive turnaround plan that returned Xerox to full-twelvemonth profitability past the cease of 2002, forth with decreasing debt, increasing cash, and continuing to invest in research and development.

In 2000, Xerox acquired Tektronix color press and imaging division in Wilsonville, Oregon, for Us$925 one thousand thousand.[35] [36] This led to the current Xerox Phaser line of products too as Xerox solid ink printing technology.

In September 2004, Xerox historic the 45th ceremony of the Xerox 914. More 200,000 units were made around the globe between 1959 and 1976, the year production of the 914 was stopped. Today, the 914 is part of American history every bit an antiquity in the Smithsonian Establishment.

In November 2006, Xerox completed the acquisition of XMPie. XMPie, a provider of software for cross-media, variable data ane-to-one marketing,[37] was the first conquering of Xerox to remain independent entity, equally a Xerox visitor and not a division, and to this day is led by its original founder Jacob Aizikowitz.

In October 2008, Xerox Canada Ltd. was named i of Greater Toronto's Top Employers by Mediacorp Canada Inc., which was announced by the Toronto Star newspaper.[38]

On July i, 2009, Ursula Burns succeeded Anne Mulcahy as CEO of Xerox. Burns was the commencement African American woman to head a company the size of Xerox.

On September 28, 2009, Xerox appear the intended acquisition of Affiliated Computer Services, a services and outsourcing company, for $6.4 Billion. The acquisition was completed in Feb 2010. Xerox said it paid 4.935 Xerox shares and $18.60 cash for each share of ACS, totaling $six.4 billion, or $63.xi a share for the visitor.[39]

2010s [edit]

In May 2011, Xerox acquired NewField It for an undisclosed sum.[40]

In December 2013, Xerox sold their Wilsonville, Oregon solid ink product design, engineering and chemistry group and related assets previously acquired from Tektronix to 3D Systems for $32.5 million in greenbacks.[41]

In December 2014, Xerox sold the It Outsourcing business it had acquired in 2009 from Affiliated Computer Services to Atos for $1.05 billion.[42] This move was taken due to the relatively irksome growth of this concern relative to some other Xerox units.[42]

In January 2016, Xerox—reportedly under pressure from activist shareholder and corporate raider Carl Icahn—appear that by the end of the year information technology would spin off its business services unit of measurement, largely made upwards of Affiliated Computer Services, into its own publicly traded company. The name and management of the new visitor had not been determined at the fourth dimension of the declaration. Icahn will appoint iii members of the new company's board of directors, and he will choose a person to suggest its search for a CEO.[43] In June, the company announced that the certificate management business concern would retain the name Xerox and the new concern services company would be named Conduent. Information technology besides appear that Ashok Vemuri will serve as Conduent's CEO and that Icahn will control iii seats on the new visitor's board. It continues to seek a CEO for Xerox; in May, Burns announced her intention to step downwardly every bit CEO but continue equally chairman of the document management business.[44] In June 2016, the company appear that Jeff Jacobson will become the new CEO following the completion of the company's planned separation.[45] This became effective in Jan 2017.[46]

On January 31, 2018, Xerox announced that Fujifilm had agreed to acquire a 50.1% controlling stake in the visitor for US$6.1 billion, which was to be combined into their existing joint venture Fuji Xerox (having a value of $18 billion post-acquisition).[47] [48] [49]

On May one, 2018, it was announced that Chairman Robert Keegan and CEO Jeff Jacobson and 4 other directors would resign as part of a deal with investors Carl Icahn and Darwin Deason, who had mounted a proxy fight to oppose the Fujifilm deal. On May 4, Xerox backed away from the deal after stipulations about ceasing litigation were not met.[fifty] Icahn and Deason responded with an open up alphabetic character to shareholders blaming the board and management.[51] On May thirteen a new deal was reached that additionally cancelled the Fujifilm transaction.[52]

In November 2019, Xerox began to pursue a hostile takeover of PC and printer manufacturer HP Inc., declaring its intent to "appoint direct" with shareholders afterwards HP rejected 2 unsolicited bids for the company.[53] [54] Xerox stated in Jan 2020 that it would pursue the replacement of HP's board.[55] HP has criticized the proposed buy every bit a "flawed value exchange" based on "overstated synergies", and instituted a shareholder rights plan and other measures designed to quell the bid,[56] [57] which the company believed was being orchestrated past Icahn.[55]

2020s [edit]

In Feb 2020, Xerox announced the hiring of Tali Rosman as VP of Xerox's 3D business. She joins Xerox from Dainty, where she was vice president and caput of business concern operations for the Americas. She will report to CTO Naresh Shanker.[58]

On March five, HP revealed that its lath of directors has unanimously declined Xerox's $24 a share cash-and-stock offer.[59]

On March 13, Xerox revealed that they are putting their campaign to acquire HP on agree by postponing additional presentations, interviews with the press and meetings with HP shareholders. Xerox Vice Chairman and Main Executive John Visentin cited the COVID-19 pandemic every bit a principal reason and said, "In lite of the escalating Covid-xix pandemic, Xerox needs to prioritize health and safety of its employees, customers, partners and affiliates over and above all considerations, including its proposal to learn HP."[60]

On March 31, 2020, Xerox abolished its $24 a share offer.[61]

In September 2020, Xerox opened its North Carolina Center of Excellence in Cary, Northward Carolina.[62] The Center includes the enquiry and development operations, the three-D printing lab, and th eXerox Digital experience IT arrangement.[62]

In September 2021, Xerox announced it was transferring its stock ticker from the New York Stock Exchange to the Nasdaq after 60 years. The motility, as described by Visentin, was to "[claiming] the status quo by developing and leveraging new innovations to create solutions that address major secular challenges across industries", and was viewed as part of Xerox's transition into software. The transfer went into effect on September 21, 2021.[8]

Digital printing [edit]

The laser printer was invented in 1969 by Xerox researcher Gary Starkweather past modifying a Xerox 7000 copier. Xerox management was afraid the product version of Starkweather'southward invention, which became the 9700, would negatively bear upon their copier business so the innovation saturday in limbo until IBM launched the 3800 laser printer in 1976.

The first commercial non-affect printer was the Xerox 1200, introduced in 1973,[63] based on the 3600 copier. Information technology had an optical character generator designed past optical engineer Phil Chen.[64]

In 1977, following IBM'south laser printer introduction, the Xerox 9700 was introduced. Laser printing eventually became a multibillion-dollar business concern[ when? ] for Xerox.[ citation needed ]

In the late 1970s, Xerox introduced the "Xerox 350 color slide organisation." This product allowed the client to create digital word and graphic 35-millimetre slides. Many of the concepts used in today's "Photograph Shop" programs were pioneered with this technology.

In 1980, Xerox appear the 5700 light amplification by stimulated emission of radiation printing organisation, a much smaller version of their 9700, merely with revolutionary touch-screen capabilities and multiple media input (word processing disks, IBM magcards, etc.) and printer 'finishing' options. This product was allegedly never intended to make the commercial markets due to its development price, but rather to show the innovation of Xerox. It took off with many customers, merely was shortly replaced with its smaller and lower cost 2700 Distributed Electronic Printer offer in 1982.[65]

Palo Alto Enquiry Center [edit]

The Xerox Alto workstation was developed at Xerox PARC.

In 1970, nether company president C. Peter McColough, Xerox opened the Xerox Palo Alto Inquiry Middle, known as Xerox PARC. The facility adult many modern calculating technologies such as the graphical user interface (GUI), laser press, WYSIWYG text editors and Ethernet. From these inventions, Xerox PARC created the Xerox Alto in 1973, a pocket-sized minicomputer similar to a modern workstation or personal computer. This machine can be considered the first true Personal Computer, given its versatile combination of a cathode-ray-type screen, mouse-type pointing device, and a QWERTY-blazon alphanumeric keyboard. Just the Alto was never commercially sold, every bit Xerox itself could not see the sales potential of it. It was, however, installed in Xerox's own offices, worldwide and those of the U.s.a. Authorities and military, who could see the potential. Within these sites the individual workstations were connected together by Xerox's own unique LAN, The Ethernet. Information was sent around this system of heavy, yellow, low loss coaxial cable using the bundle data system. In add-on, PARC too adult one of the primeval internetworking protocol suites, the PARC Universal Packet (PUP).

In 1979, Steve Jobs fabricated a bargain with Xerox's venture capital division: He would let them invest $ane 1000000 in exchange for a expect at the technology they were working on. Jobs and the others saw the commercial potential of the WIMP (Window, Icon, Carte, and Pointing device) system and redirected development of the Apple Lisa to incorporate these technologies. Jobs is quoted every bit saying, "They only had no idea what they had." In 1980, Jobs invited several key PARC researchers to bring together his visitor so that they could fully develop and implement their ideas.

In 1981, Xerox released a system similar to the Alto, the Xerox Star. It was the commencement commercial organisation to contain technologies that accept subsequently get commonplace in personal computers, such as a bitmapped brandish, window-based GUI, mouse, Ethernet networking, file servers, print servers and electronic mail. The Xerox Star and its successor the Xerox Daybreak, despite their technological breakthroughs, did not sell well due to its high toll, costing $16,000 per unit. A typical Xerox Star-based role, complete with network and printers, would take price $100,000.

In the mid-1980s, Apple considered buying Xerox; however, a bargain was never reached.[66] [ citation needed ] Apple instead bought rights to the Alto GUI and adjusted it into a more affordable personal figurer, aimed towards the concern and didactics markets. The Apple tree Macintosh was released in 1984, and was the outset personal figurer to popularize the GUI and mouse amid the public.

In 2002, PARC was spun off into an independent wholly-owned subsidiary of Xerox.

Master executives [edit]

Primary executives
Name Title Tenure Photo
George C. Seager President 1906–1912
Gilbert E. Mosher President 1912–1938
Joseph R. Wilson President 1938–1946
Joseph C. Wilson President
CEO 		1946–1966
1961–1967
C. Peter McColough CEO 1968–1982 Charles Peter McColough - Xerox Corporation.jpg
David T. Kearns CEO 1982 – July 31, 1990
Paul A. Allaire CEO August 1, 1990 – Apr 6, 1999
G. Richard Thoman CEO April 7, 1999 – May 10, 2000
Paul A. Allaire CEO May xi, 2000 – July 31, 2001
Anne G. Mulcahy CEO August 1, 2001 – June xxx, 2009
Ursula Burns CEO July 1, 2009 – Dec 31, 2016 Ursula-Burns.jpg
Jeff Jacobson CEO January 1, 2017 – May 15, 2018
John Visentin Vice Chairman and CEO May 16, 2018 – present

Products and services [edit]

Xerox manufactures and sells a wide multifariousness of office equipment including scanners, printers, and multifunction systems that scan, print, re-create, e-mail and fax. These model families include WorkCentre, Phaser, and ColorQube.[i] For the graphic communications and commercial print industries, the Xerox production portfolio includes high-volume, digital printing presses, production printers, and wide format printers that use xerographic and inkjet printing technologies. Products include the iGen, Nuvera, DocuPrint, and Impika serial, likewise as the Trivor, iPrint, and Rialto (inkjet) machines.[67]

Corporate structure [edit]

Although Xerox is a global brand, it maintained a joint venture from 1962 to 2021, Fuji Xerox, with Japanese photographic firm Fuji Photograph Film Co. to develop, produce and sell in the Asia-Pacific] region. Fujifilm announced in January 2020 that it would not renew its engineering agreement with Xerox, with Fuji Xerox existence renamed to Fujifilm Business organization Innovation in April 2021.[68]

Xerox India, formerly Modi Xerox, is Xerox's Indian subsidiary derived from a joint venture formed between Dr. Bhupendra Kumar Modi and Rank Xerox in 1983. Xerox obtained a bulk stake in 1999 and aims to purchase out the remaining shareholders.[69]

NewField Information technology is a wholly owned subsidiary of Xerox that implements and supports third-political party software for MPS providers.[70]

Xerox now sponsors the Manufactory Ducati Team in the World Superbike Championship, under the proper noun of the "Xerox Ducati".

Rank Xerox [edit]

Rank Xerox logo used in 1980s

The European company Rank Xerox, subsequently extended to Asia and Africa, has been fully endemic by Xerox Corporation since 1997. The Rank Xerox name was discontinued post-obit the buyout, and the Rank Xerox Enquiry Heart was renamed to the Xerox Research Centre Europe. International Internet company NAVER acquired Xerox Enquiry Centre Europe in June 2017.[71]

Accounting irregularities [edit]

On May 31, 2001, Xerox Corporation appear that its auditors, KPMG LLP, had certified Xerox's financial statements for the three years ended Dec 31, 2000. And the financials included some restatements.[72] On March 31, 2002, Xerox restated its financials which reflected the reallocation of equipment sales acquirement of more $2 billion.[73] On April xi, 2002, the U.Due south. Securities and Substitution Commission filed a complaint confronting Xerox.[74] The complaint alleged Xerox deceived the public between 1997 and 2000 past employing several "accounting maneuvers," the about significant of which was a change in which Xerox recorded acquirement from re-create automobile leases – recognizing a "sale" when a lease contract was signed, instead of recognizing acquirement over the entire length of the contract. At issue was when the revenue was recognized, not the validity of the revenue. Xerox'southward restatement only changed what year the revenue was recognized. On December 20, 2002, Xerox Corporation reported that it had discovered an error in the calculation of its non-cash interest expense related to a debt instrument and associated involvement rate swap agreements, resulted in after-tax understatement of interest expense of approximately $five million to $six million or less than 1 cent per share in each of the iv quarters of 2001 and for the first three quarters of 2002.[75]

In response to the SEC's complaint, Xerox Corporation neither admitted nor denied wrongdoing. It agreed to pay a $10 meg penalty and to restate its fiscal results for the years 1997 through 2000. On June 5, 2003, 6 Xerox senior executives accused of securities fraud settled their problems with the SEC and neither admitted nor denied wrongdoing. They agreed to pay $22 one thousand thousand in penalties, disgorgement, and interest. The company received approval to settle the securities lawsuit in 2008.[76]

On January 29, 2003, the SEC filed a complaint against Xerox'south auditors,[77] KPMG, alleging four partners in the "Big Five" accounting firm permitted Xerox to "cook the books" to fill up a $3 billion "gap" in acquirement and $1.4 billion "gap" in pre-tax earnings. In April 2005 KPMG settled with the SEC past paying a Us$22.48 million fine.[78] Meanwhile, Xerox paid a civil penalty of $10 1000000.[79] Every bit part of the settlement KPMG neither admits nor denies wrongdoings.

During a settlement with the Securities and Substitution Committee, Xerox began to revamp itself over again. Every bit a symbol of this transformation, the relative size of the give-and-take "Xerox" was increased in proportion to "The Document Company" on the corporate signature, and the latter was dropped altogether in September 2004, along with the digital 10. Notwithstanding, the digital Ten and "The Document Visitor" were however used past Fuji Xerox until April 2008.

Trademark [edit]

The word xerox is used as a synonym for photocopy (both every bit a noun and a verb) in many areas: for example, "I xeroxed the document and placed information technology on your desk-bound" or "Delight make a xeroxed copy of the articles and hand them out a week before the exam". Though both are mutual, the company does not disregard such uses of its trademark, and is particularly concerned most the ongoing utilise of Xerox equally a verb as this places the trademark in danger of being declared a generic word by the courts. The company is engaged in an ongoing advertising and media entrada to convince the public that Xerox should not be used as a verb.[80] [81]

To this end, the company has written to publications that accept used Xerox as a verb, and has likewise purchased impress advertisements declaring that "you cannot 'xerox' a document, only you can copy information technology on a Xerox Brand copying machine". Xerox Corporation continues to protect its trademark in most if not all trademark categories.[ citation needed ] Despite their efforts, many dictionaries continue to include the use of "xerox" as a verb, including the Oxford English Dictionary. In 2012, the Intellectual Property Appellate Board (IPAB) of India alleged "xerox" a not-generic term after "almost 50 years (1963–2009) of continued beingness on the register without claiming, and with proof of almost 44 years of use evident (1965–2009)",[82] but as of 2015, nigh Indians still use information technology equally a synonym for photocopying.[83]

The visitor has also advertised its trademark concerns, in an endeavor to persuade journalists and others not to use "Xerox" as a verb.[84]

See also [edit]

  • Faxlore, oft called 'Xeroxlore'

Citations [edit]

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  2. ^ a b c d e "Xerox Corporation 2021 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. February 23, 2022.
  3. ^ "Xerox Annual Report 2014". Archived from the original on September 6, 2015. Retrieved Baronial 26, 2015.
  4. ^ "Online Fact Book: Historical Highlights". www.xerox.com. 2007. Archived from the original on April 23, 2010. Retrieved November i, 2007.
  5. ^ "Inline XBRL Viewer". world wide web.sec.gov . Retrieved April eight, 2021.
  6. ^ "Xerox Corporation Details". PCX. Archived from the original on May 17, 2014. Retrieved May 17, 2014.
  7. ^ "Xerox". Fortune. Archived from the original on November 28, 2018. Retrieved Nov 27, 2018.
  8. ^ a b Kilgore, Tomi. "Xerox stock to motility to the Nasdaq after threescore years on the NYSE". MarketWatch . Retrieved September 21, 2021.
  9. ^ The beginning computer mouse Archived February 3, 2014, at the Wayback Motorcar New Launches. Oct 2, 2007. Retrieved September 21, 2012.
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General references [edit]

  • Ellis, Charles D., Joe Wilson and the Cosmos of Xerox, Wiley, 2006, ISBN 978-0-471-99835-8.
  • Owen, David, Copies in Seconds: How a Lone Inventor and an Unknown Visitor Created the Biggest Communication Breakthrough Since Gutenberg—Chester Carlson and the Birth of the Xerox Machine, Simon & Schuster, 2004, ISBN 978-0-7432-5117-4.

External links [edit]

  • Official website
  • Business data for Xerox:
    • Google Finance
    • Yahoo! Finance
    • Bloomberg
    • SEC filings

How Should A Printing And Copying Company Register,

Source: https://en.wikipedia.org/wiki/Xerox

Posted by: haaghictir.blogspot.com

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