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In 1961, the company changed its name to Xerox Corporation. [23] Xerox common stock (XRX) was listed on the New York Stock Exchange in 1961 [ 18 ] and on the Chicago Stock Exchange in 1990. In 1963, Xerox introduced the Xerox 813, the first desktop plain-paper copier, realizing Carlson's vision of a copier that could fit on anyone's office desk.
The company reported an adjusted operating income of $104 million, compared to $96 million last year, and the margin grew 100 basis points to 6.4%. Xerox held $576 million in cash and equivalents ...
It described the company's "coined name" as "inspired by the company's expertise in managing transactional relationships between their clients and their constituents". [11] On January 3, 2017, Conduent formally came into existence following its separation from Xerox. [8] At the end of the first quarter of 2017, Carl Icahn owned 9.7% of the ...
Affiliated Computer Services, Inc. (ACS) was founded by Darwin Deason and Charles M. Young, both former MTech Communications executives, in 1988. [6] Deason had served as CEO at MTech and decided to launch another data processing firm after a management buyout bid of him and other executives had lost to another bid in 1988.
Company Profile for Xerox Corporation --(BUSINESS WIRE)-- Since the invention of Xerography 75 years ago, the people of Xerox (NYS: XRX) have helped businesses simplify the way work gets done.
On this news, the Company’s share price fell $1.79, or 17.41%, to close at $8.49 per share on October 29, 2024. What Now: You may be eligible to participate in the class action against Xerox Holdings Corporation. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 21, 2025.
Xerox Holdings Corporation (XRX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
When Thoman was announced as President and COO of Xerox, which positioned him as the eventual successor to Paul Allaire, this news caused the company shares to rise $2 (2.9%) to $71.75, after earlier touching a record $73.25 on the New York Stock Exchange. Thoman, who assumed his duties on June 30, 1997, was the first outsider in the long ...