Fuji to Aquire Xerox for $6.1 Billion

Winder · 01-31-2018, 03:02 PM

Fujifilm acquires Xerox for $6.1 billion | Ars Technica

Looks Like Fuji and Ricoh will be competing in multiple industries.

**boriscleto** · 01-31-2018, 03:48 PM

The question is why? Because they missed out on buying the other company from Rochester?

surfar · 01-31-2018, 04:17 PM

The Angry man thinks Fuji want to produce pro level photo printers, does Xerox have that expertise?

**gaweidert** · 01-31-2018, 04:23 PM

They actually purchased 50.1% share of the company. Here in Rochester it is being called a "merger". Like Kodak, Xerox is a shell of it's former self. Xerox did invent the computer mouse and the GUI but chose not to do anything with it. Steve Jobs saw it and had an idea. Xerox said, "Sure. Go ahead. No charge."

**monochrome** · 01-31-2018, 06:58 PM

Originally posted by gaweidert

They actually purchased 50.1% share of the company. Here in Rochester it is being called a "merger". Like Kodak, Xerox is a shell of it's former self. Xerox did invent the computer mouse and the GUI but chose not to do anything with it. Steve Jobs saw it and had an idea. Xerox said, "Sure. Go ahead. No charge."

It’s complex. Fujifilm owns 75% of Fuji Xerox (Joint Venture company). They will merge that company with old Xerox and change the name of the entire global enterprise to FujiXerox and will own 50.1%. Xerox shareholders will receive a cash payment and (diluted) stock in FujiXerox.

Old FX JV is the unit that had the ‘accounting irregularity’ scandal in Australia a few years ago. Carl Icahn is suing to abrogate the 55 year old Joint Marketing Agreement. Deal hopes to emphasize document management and medical imaging and cut printer and copier hardware businesses. Laying off 10,000 globally. Ricoh redux?

What I hear is Konica Minolta is the only document management company making money in the US. My company has 5,500 Ricoh printers and 2,800 Ricoh Copier/Scanners (that store document images on local TCP/IP networks).

Japan Times article.

CNN Money article (better)

**ramseybuckeye** · 01-31-2018, 07:03 PM

Originally posted by gaweidert

They actually purchased 50.1% share of the company. Here in Rochester it is being called a "merger". Like Kodak, Xerox is a shell of it's former self. Xerox did invent the computer mouse and the GUI but chose not to do anything with it. Steve Jobs saw it and had an idea. Xerox said, "Sure. Go ahead. No charge."

Xerox made a lot of costly mistakes about 25-30 years ago and lost their lock on the copier business. trying to live off a reputation while their competitors passed them by at the speed of light. They did not think they had competition and that reputation faded fast. They have had to change and diversify a lot since then to survive. A very interesting acquisition.

**boriscleto** · 01-31-2018, 08:36 PM

Xerox did not invent the mouse or the graphical user interface. Douglas Engelbart of the Stanford Research Institute in did 1963-64. He demonstrated both publicly in 1968 at the Mother of All Demos...

You Tube

The people at PARC were heavily influenced by the MoAD and incorporated the concepts into Alto and SmallTalk. Steve Jobs did visit PARC and was shown a demonstration of SmallTalk and networked computing, but what he took away from it was the GUI. But he didn't just walk in for free. Xerox was allowed to buy 100,000 shares of Apple stock before the public offering for $100 million. Bill Atkinson and Andy Hertzfeld wrote QuickDraw which allowed them to create a GUI with overlapping windows and other things that the Xerox interface didn't have...

**gaweidert** · 01-31-2018, 09:27 PM

Boris, you are right. I guess I am getting a bit addled in my old age. A Xerox computer was used for the demo. Oooooooooooooooooooops. I do miss my TRS-80 Model 4 computer. I learned a lot on that box.

fg-one · 02-01-2018, 10:11 AM

Originally posted by Winder

Fujifilm acquires Xerox for $6.1 billion | Ars Technica

Looks Like Fuji and Ricoh will be competing in multiple industries.

I don't know about the copiers but I think I can predict the winner in the camera business: Pentax was bought by Ricoh but Fuji buys Xerox. I am probably not the only one having moved from Pentax (K5IIS) to Fuji (X-T20).

lesmore49 · 02-01-2018, 11:54 PM

Didn't realize Fuji had that much money.

01-31-2018, 03:02 PM	#1
Winder Veteran Member Join Date: Apr 2010 Location: Tennessee Posts: 6,617	Fuji to Aquire Xerox for $6.1 Billion Fujifilm acquires Xerox for $6.1 billion \| Ars Technica Looks Like Fuji and Ricoh will be competing in multiple industries.

01-31-2018, 06:58 PM	#5
monochrome Loyal Site Supporter Join Date: Mar 2008 Location: Working From Home Photos: Gallery \| Albums Posts: 26,276	Originally posted by gaweidert They actually purchased 50.1% share of the company. Here in Rochester it is being called a "merger". Like Kodak, Xerox is a shell of it's former self. Xerox did invent the computer mouse and the GUI but chose not to do anything with it. Steve Jobs saw it and had an idea. Xerox said, "Sure. Go ahead. No charge." It’s complex. Fujifilm owns 75% of Fuji Xerox (Joint Venture company). They will merge that company with old Xerox and change the name of the entire global enterprise to FujiXerox and will own 50.1%. Xerox shareholders will receive a cash payment and (diluted) stock in FujiXerox. Old FX JV is the unit that had the ‘accounting irregularity’ scandal in Australia a few years ago. Carl Icahn is suing to abrogate the 55 year old Joint Marketing Agreement. Deal hopes to emphasize document management and medical imaging and cut printer and copier hardware businesses. Laying off 10,000 globally. Ricoh redux? What I hear is Konica Minolta is the only document management company making money in the US. My company has 5,500 Ricoh printers and 2,800 Ricoh Copier/Scanners (that store document images on local TCP/IP networks). Japan Times article. CNN Money article (better) Last edited by monochrome; 01-31-2018 at 07:19 PM.

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01-31-2018, 03:48 PM	#2
boriscleto Loyal Site Supporter Join Date: Dec 2009 Location: North Syracuse, NY Photos: Gallery Posts: 16,475	The question is why? Because they missed out on buying the other company from Rochester?

01-31-2018, 04:17 PM	#3
surfar Pentaxian Join Date: Jan 2015 Location: mid nth coast,nsw Photos: Gallery Posts: 6,141	The Angry man thinks Fuji want to produce pro level photo printers, does Xerox have that expertise?

01-31-2018, 04:23 PM	#4
gaweidert Loyal Site Supporter Join Date: Mar 2012 Location: Rochester, NY Photos: Gallery Posts: 5,325	They actually purchased 50.1% share of the company. Here in Rochester it is being called a "merger". Like Kodak, Xerox is a shell of it's former self. Xerox did invent the computer mouse and the GUI but chose not to do anything with it. Steve Jobs saw it and had an idea. Xerox said, "Sure. Go ahead. No charge."

01-31-2018, 07:03 PM	#6
ramseybuckeye Site Supporter Join Date: Apr 2009 Location: Hampstead, NC Photos: Gallery Posts: 17,291	Originally posted by gaweidert They actually purchased 50.1% share of the company. Here in Rochester it is being called a "merger". Like Kodak, Xerox is a shell of it's former self. Xerox did invent the computer mouse and the GUI but chose not to do anything with it. Steve Jobs saw it and had an idea. Xerox said, "Sure. Go ahead. No charge." Xerox made a lot of costly mistakes about 25-30 years ago and lost their lock on the copier business. trying to live off a reputation while their competitors passed them by at the speed of light. They did not think they had competition and that reputation faded fast. They have had to change and diversify a lot since then to survive. A very interesting acquisition.

01-31-2018, 09:27 PM	#8
gaweidert Loyal Site Supporter Join Date: Mar 2012 Location: Rochester, NY Photos: Gallery Posts: 5,325	Boris, you are right. I guess I am getting a bit addled in my old age. A Xerox computer was used for the demo. Oooooooooooooooooooops. I do miss my TRS-80 Model 4 computer. I learned a lot on that box.

02-01-2018, 10:11 AM	#9
fg-one Senior Member Join Date: Oct 2011 Photos: Gallery Posts: 293	Originally posted by Winder Fujifilm acquires Xerox for $6.1 billion \| Ars Technica Looks Like Fuji and Ricoh will be competing in multiple industries. I don't know about the copiers but I think I can predict the winner in the camera business: Pentax was bought by Ricoh but Fuji buys Xerox. I am probably not the only one having moved from Pentax (K5IIS) to Fuji (X-T20).

02-01-2018, 11:54 PM	#10
lesmore49 Pentaxian Join Date: Nov 2007 Location: Western Canada Posts: 12,342	Didn't realize Fuji had that much money.