Saturday, January 30, 2016

It's Splitsville in Rochester



For the second time in a little over a year, one of the kingpins of the imaging and printing business has announced it is splitting into two companies. Unlike HP's separation announced in October 2014 and enacted on November 1, 2015  (see "It's Splitsville in Palo Alto"), I must admit I offer little insight into the Carl Icahn-inspired split announced by Xerox (XRX), now described as the "business services company".  In numerous stories, the company whose name became synonymous with office copiers is now referred to by its long-intended direction of "services first", but that does not change the fact that their legacy hardware business has been deemed "too different" and needs to be a separate entity (of course, the HP split was a little harder to describe in a simple phrase like "hardware and everything else"). 

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