Xerox announced today that Luca Maestri, Executive Vice President and Chief Financial Officer, is leaving the company as of February 28, in order to take the position of corporate controller at Apple. The company has already initiated a search for a replacement, and Maestri will stay on through the end of February to assist in the transition. → Read More
The number of American businesses with formal green programs in place increased 54 percent last year according to new research from Buck Consultants (a subsidiary of Xerox). Of about 120 businesses surveyed — including hardware and other technology firms, government offices, consultancies, non-profits, hospitals, and the makers of consumer packaged goods — 69 percent said they took deliberate… → Read More
This week, Affiliated Computer Services, Inc. (ACS) — which was acquired by Xerox (NYSE: XRX) in February 2010 — announced that it’s building a new, electronic toll system on the two busiest highways in Los Angeles, to allow all single car drivers, even those in a diesel guzzling Hummer, to shift into carpool lanes for a fee.
When average traffic levels in a carpool lane rise overall, so… → Read More
Xerox’ Palo Alto Research Center (PARC) is spinning out PowerCloud Systems, the cloud-managed networking solutions provider that it has incubated through the Startup@PARC program since early 2008. PowerCloud has also gained more backing, with Walden Venture Capital and Javelin Venture Partners joining the line-up.
PowerCloud offers cloud-based technology for OEM vendors that is designed to make… → Read More
Xerox, “the data company,” announced today it plans to acquire Affiliated Computer Services; a move which will firmly place them in the $150 billion business process outsourcing market. This cash and stock transaction was originally valued at $6.4 billion based on Friday’s closing Xerox stock prices, but has since dwindled to $5.5 billion due to a 14% decrease.
The steep decrease in stock stems… → Read More
Cheap color printing has long been the holy grail of grade-schoolers everywhere*. As you well know, Dad or Mom usually has a copier at work. This copier, at least in my day, was used to make multiple copies of hand-drawn comic books. These comic books are then sold at school for five or ten cents each. If those grade-schoolers parents had had a color copier, however, the entire situation would… → Read More
This has been a brutal month or so for tech layoffs. According to our Layoff Tracker, there have been 19,683 job eliminations at tech companies announced since mid-September, and we’re not even counting the 24,600 people at Hewlett-Packard who are being eliminated as a result of its merger with EDS.
But only five big companies make up more than 90 percent of the layoffs: Xerox (3,000), Dell… → Read More
Japanese office equipment manufacturer Riso has developed the world’s fastest color photocopier for office use [JP] (at least this is what they and their partner Olympus claim). The ORPHIS X9050 is able to make 150 copies per minute. This performance has a price: The machine’s list price is $46,000. Riso is also planning to sell a trimmed down version of the X9050, the ORPHIX X7250… → Read More
Don’t expect this new ink to be hitting a printer near you any time soon, but I found it reassuring that the companies in charge aren’t just sitting back and letting the cash roll in. They are, in fact, hard at work on new ways to make money. The latest advance is this gel ink, which, not being water-based, will keep its place and shape on nearly any surface. There’s already… → Read More
[photopress:xeroxtools.jpg,full,center] Xerox, the textbook definition of “metonym,” wants to guilt-trip you into ditching your [apparently] environmentally devastating printer for one of its own, which are powered by sugar and spice and everything nice. To further its goal, the Norwalk, Conn-based corp has released a slew of online tools to help you determine how much you’re… → Read More
Xerox announced its entry into the search market this week with FactSpotter, document search software that is claimed to go beyond conventional keyword search. FactSpotter is text mining software that combines a linguistic engine that allows users to make queries in everyday language. FactSpotter looks for the keywords contained in a query along with the context those words have. According to… → Read More
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