Xerox withdraws billion dollar offer for HP

HP headquarters The hostile takeover of the computer manufacturer was canceled. (Photo: AFP) San Francisco The US printer manufacturer Xerox In the middle of the corona virus pandemic, the planned hostile takeover of the computer company HP stops. Xerox described Tuesday night’s move as disappointing, but necessary to focus on addressing the current crisis. Xerox […]

HP continues to resist Xerox acquisition

HP headquarters in Palo Alto Management recently said it wanted to talk to Xerox to explore a possible combination in the interests of shareholders. (Photo: AFP) Palo Alto The PC and printer manufacturer HP Inc continues to resist the takeover efforts of the much smaller printer and copier manufacturer Xerox. Xerox’s offer reflects the value […]

HP boss Enrique Lores is under pressure

San Francisco, Dusseldorf Enrique Lores has only been CEO of HP since November – and possibly the last in the company’s history, which is considered the forefather of all garage start-ups. In front of the garage at 367 Addison Avenue in Palo Alto, where Bill Hewlett and David Packard developed the first electronic measuring devices, […]

HP talks to Xerox about merger after slump in profit

Palo Alto The PC and printer manufacturer HP earned significantly less in the most recent business quarter. In the three months to the end of January, earnings fell 16 percent year-over-year to $ 678 million (€ 625 million), the company said on Monday after the US market closed in Palo Alto, California. Revenue decreased nearly […]