On September 29, 2009
Xerox Targeting Printer/Imaging Services Market
Many investors are questioning the wisdom of the announced Xerox acquisition of Affiliated Computer Services. Word of the $5.6 billion deal sent share prices down by 14 percent. And yet new CEO Ursula Burns declared it a “transformational deal” that would put the company in hot pursuit of a $500 billion market. I normally heavily discount chief executive enthusiasm, but in this case, she’s on to something.
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