35 Facts About Xerox Corporation

1.

Xerox Holdings Corporation is an American corporation that sells print and digital document products and services in more than 160 countries.

FactSnippet No. 484,157
2.

Xerox Corporation is headquartered in Norwalk, Connecticut, though it is incorporated in New York with its largest population of employees based around Rochester, New York, the area in which the company was founded.

FactSnippet No. 484,158
3.

On December 31, 2016, Xerox Corporation separated its business process service operations, essentially those operations acquired with the purchase of Affiliated Computer Services, into a new publicly traded company, Conduent.

FactSnippet No. 484,159
4.

Xerox Corporation focuses on its document technology and document outsourcing business, and traded on the NYSE from 1961 to 2021, and the Nasdaq since 2021.

FactSnippet No. 484,160
5.

Xerox Corporation was founded in 1906 in Rochester, New York, as The Haloid Photographic Company.

FactSnippet No. 484,161
6.

Xerox Corporation saw the promise of Carlson's invention and, in 1946, signed an agreement to develop it as a commercial product.

FactSnippet No. 484,162
7.

In 1963, Xerox Corporation introduced the Xerox Corporation 813, the first desktop plain-paper copier, realizing Carlson's vision of a copier that could fit on anyone's office desk.

FactSnippet No. 484,163
8.

In 1969, Xerox Corporation acquired Scientific Data Systems, which it renamed the Xerox Corporation Data Systems (XDS) division and which produced the Sigma line and its successor XDS 5xx series of mainframe computers in the 1960s and 1970s.

FactSnippet No. 484,164
9.

In 1979, Xerox Corporation purchased Western Union International as the basis for its proposed Xerox Corporation Telecommunications Network (XTEN) for local-loop communications.

FactSnippet No. 484,165
10.

Xerox Corporation was revived in the 1980s and 1990s, through improvement in quality design and realignment of its product line.

FactSnippet No. 484,166
11.

In 1990, Xerox Corporation released the DocuTech Production Publisher Model 135, ushering in print-on-demand.

FactSnippet No. 484,167
12.

Xerox Corporation worked to turn its product into a service, providing a complete document service to companies including supply, maintenance, configuration, and user support.

FactSnippet No. 484,168
13.

Xerox Corporation's turnaround was largely led by Mulcahy, who was appointed president in May 2000, CEO in August 2001 and chairman in January 2002.

FactSnippet No. 484,169
14.

Xerox Corporation's launched an aggressive turnaround plan that returned Xerox to full-year profitability by the end of 2002, along with decreasing debt, increasing cash, and continuing to invest in research and development.

FactSnippet No. 484,170
15.

In 2000, Xerox Corporation acquired Tektronix color printing and imaging division in Wilsonville, Oregon, for US$925 million.

FactSnippet No. 484,171
16.

XMPie, a provider of software for cross-media, variable data one-to-one marketing, was the first acquisition of Xerox Corporation to remain independent entity, as a Xerox Corporation company and not a division, and to this day is led by its original founder Jacob Aizikowitz.

FactSnippet No. 484,172
17.

On September 28, 2009, Xerox Corporation announced the intended acquisition of Affiliated Computer Services, a services and outsourcing company, for $6.

FactSnippet No. 484,173
18.

In December 2013, Xerox Corporation sold their Wilsonville, Oregon solid ink product design, engineering and chemistry group and related assets previously acquired from Tektronix to 3D Systems for $32.

FactSnippet No. 484,174
19.

In December 2014, Xerox Corporation sold the IT Outsourcing business it had acquired in 2009 from Affiliated Computer Services to Atos for $1.

FactSnippet No. 484,175
20.

On January 31, 2018, Xerox Corporation announced that Fujifilm had agreed to acquire a 50.

FactSnippet No. 484,176
21.

In November 2019, Xerox Corporation began to pursue a hostile takeover of PC and printer manufacturer HP Inc, declaring its intent to "engage directly" with shareholders after HP rejected two unsolicited bids for the company.

FactSnippet No. 484,177
22.

Xerox Corporation stated in January 2020 that it would pursue the replacement of HP's board.

FactSnippet No. 484,178
23.

In February 2020, Xerox Corporation announced the hiring of Tali Rosman as VP of Xerox Corporation's 3D business.

FactSnippet No. 484,179
24.

Xerox Corporation's joins Xerox from NICE, where she was vice president and head of business operations for the Americas.

FactSnippet No. 484,180
25.

In September 2020, Xerox Corporation opened its North Carolina Center of Excellence in Cary, North Carolina.

FactSnippet No. 484,181
26.

In September 2021, Xerox Corporation announced it was transferring its stock ticker from the New York Stock Exchange to the Nasdaq after 60 years.

FactSnippet No. 484,182
27.

Xerox Corporation management was afraid the product version of Starkweather's invention, which became the 9700, would negatively impact their copier business so the innovation sat in limbo until IBM launched the 3800 laser printer in 1976.

FactSnippet No. 484,183
28.

Xerox Corporation obtained a majority stake in 1999 and aims to buy out the remaining shareholders.

FactSnippet No. 484,184
29.

On May 31, 2001, Xerox Corporation announced that its auditors, KPMG LLP, had certified Xerox's financial statements for the three years ended December 31, 2000; the financials included some restatements.

FactSnippet No. 484,185
30.

On March 31, 2002, Xerox Corporation restated its financials which reflected the reallocation of equipment sales revenue of more than $2 billion.

FactSnippet No. 484,186
31.

The complaint alleged Xerox Corporation deceived the public between 1997 and 2000 by employing several "accounting maneuvers, " the most significant of which was a change in which Xerox Corporation recorded revenue from copy machine leases – recognizing a "sale" when a lease contract was signed, instead of recognizing revenue over the entire length of the contract.

FactSnippet No. 484,187
32.

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 interest rate swap agreements, resulted in after-tax understatement of interest expense of approximately $5 million to $6 million or less than 1 cent per share in each of the four quarters of 2001 and for the first three quarters of 2002.

FactSnippet No. 484,188
33.

Xerox Corporation received approval to settle the securities lawsuit in 2008.

FactSnippet No. 484,189
34.

Xerox Corporation is engaged in an ongoing advertising and media campaign to convince the public that Xerox should not be used as a verb.

FactSnippet No. 484,190
35.

Xerox Corporation continues to protect its trademark in most if not all trademark categories.

FactSnippet No. 484,191