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Xerox is getting out of the European paper biz. On Wednesday, Xerox announced that it has received a binding offer from French paper company Antalis to buy Xerox's European paper and print media ...
Xerox was founded in 1906 in Rochester, New York, as the Haloid Photographic Company. [11] It manufactured photographic paper and equipment. In 1938, Chester Carlson, a physicist working independently, invented a process for printing images using an electrically charged photoconductor-coated metal plate [12] and dry powder "toner".
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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.
The initial joint venture was 50% Xerox and 50% Rank Organisation, but this changed after a few years to a 60/40 split. Later, Xerox bought a further share making the split 80/20, and in the late 1990s, completed the purchase, so Rank Xerox Limited formally became Xerox Limited. The Rank Xerox Research Centre was renamed to the Xerox Research ...
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).
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