Xerox

Xerox Holdings Corporation (/ˈzɪərɒks/; also known simply as Xerox) is an American corporation that sells print and digital document products and services in more than 160 countries.[3] Xerox is headquartered in Norwalk, Connecticut (having moved from Stamford, Connecticut, in October 2007),[4] though its largest population of employees is based around Rochester, New York, the area in which the company was founded. The company purchased Affiliated Computer Services for $6.4 billion in early 2010.[5] As a large developed company, it is consistently placed in the list of Fortune 500 companies.[6]

This article is about the company. For photocopying, see photocopier.

Xerox Holdings Corporation
FormerlyHaloid Photographic Company
TypePublic
NYSE: XRX
S&P 500 Component
IndustryInformation technology
FoundedApril 18, 1906 (1906-04-18)
Rochester, New York, U.S.
FoundersJoseph C. Wilson
Chester Carlson
Headquarters
Norwalk, Connecticut
,
U.S.
Area served
Worldwide
Key people
  • Keith Cozza (chairman)
  • John Visentin (vice chairman​ and CEO)
  • Steve Bandrowczak (president​ and COO)
ProductsOffice printers, production printers & digital presses, multi-function printers, wide format printers, projectors, scanners copiers, and other office equipment[1]
ServicesDocument services
Revenue US$10.265 billion (2017)[2]
US$570 million (2017)[2]
US$195 million (2017)[2]
Total assets US$15.946 billion (2017)[2]
Total equity US$5.256 billion (2017)[2]
Number of employees
27,000
Websitewww.xerox.com

On December 31, 2016, Xerox separated its business process service operations, essentially those operations acquired with the purchase of Affiliated Computer Services, into a new publicly traded company, Conduent. Xerox focuses on its document technology and document outsourcing business, and continues to trade on the NYSE.

Researchers at Xerox and its Palo Alto Research Center invented several important elements of personal computing, such as the desktop metaphor GUI, the computer mouse[7] and desktop computing.[8] The concepts were adopted by Apple and later Microsoft. Xerox released the 6085 desktop publishing system in 1986, before IBM and Microsoft, but an inferior operating system, obsolete hard drive (a 20 MB drive weighed over 40 lbs/18 kg), and weak software (documents paginated at one per second) doomed the model, as Apple and Microsoft's hardware and OS software offered much greater functionality. Xerox also released a 4045 desktop laser printer whose cartridges could print 50,000 pages (instead of 5,000), but the model never caught on, and Xerox abandoned future efforts to focus more on its core businesses.

History

Xerox was founded in 1906 in Rochester, New York, as The Haloid Photographic Company.[9] 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[10] and dry powder "toner". However, it would take more than 20 years of refinement before the first automated machine to make copies was commercialized, using a document feeder, scanning light, and a rotating drum.

Joseph C. Wilson, credited as the "founder of Xerox", took over Haloid from his father. He saw the promise of Carlson's invention and, in 1946, signed an agreement to develop it as a commercial product. Wilson remained as President/CEO of Xerox until 1967 and served as Chairman until his death in 1971.

Looking for a term to differentiate its new system, Haloid coined the term xerography from two Greek roots meaning "dry writing". Haloid changed its name to Haloid Xerox in 1958 and then Xerox Corporation in 1961.[11]

Before releasing the 914, Xerox tested the market by introducing a developed version of the prototype hand-operated equipment known as the Flat-plate 1385. The 1385 was not actually a viable copier because of its slowness of operation. As a consequence, it was sold as a platemaker for the Addressograph-Multigraph Multilith 1250 and related sheet-fed offset printing presses in the offset lithography market. It was little more than a high quality, commercially available plate camera mounted as a horizontal rostrum camera, complete with photo-flood lighting and timer. The glass film/plate had been replaced with a selenium-coated aluminum plate. Clever electrics turned this into a quick developing and reusable substitute for film. A skilled user could produce fast, paper and metal printing plates of a higher quality than almost any other method. Having started as a supplier to the offset lithography duplicating industry, Xerox now set its sights on capturing some of offset's market share.

The 1385 was followed by the first automatic xerographic printer, the Copyflo, in 1955. The Copyflo was a large microfilm printer which could produce positive prints on roll paper from any type of microfilm negative. Following the Copyflo, the process was scaled down to produce the 1824 microfilm printer. At about half the size and weight, this still sizable machine printed onto hand-fed, cut-sheet paper which was pulled through the process by one of two gripper bars. A scaled-down version of this gripper feed system was to become the basis for the 813 desktop copier.

Xerox 914
Main article: Xerox 914

The company came to prominence in 1959 with the introduction of the Xerox 914,[12] "the most successful single product of all time." The 914, the first plain paper photocopier, was developed by Carlson and John H. Dessauer;[13] it was so popular that by the end of 1961 Xerox had almost $60 million in revenue. The product was sold by an innovative ad campaign showing that even monkeys could make copies at the touch of a button - simplicity would become the foundation of Xerox products and user interfaces. Revenues leaped to over $500 million by 1965.

Xeronic Computer Printer

In 1956, Haloid formed a joint venture in the UK with Rank Organisation whose Rank Precision Industries Ltd. subsidiary was charged with anglicising the US products. Rank's Precision Industries went on to develop the Xeronic computer printer and Rank Data Systems Ltd was set up to bring the product to market. It used cathode ray tubes to generate the characters and forms could be overlaid from microfilm images. Initially, they planned for the Ferranti and AEI computer companies to sell the Xeronic as an on-line peripheral, but due to interface problems, Rank switched to a magnetic tape off-line technique. In 1962, Lyons Computers Ltd. placed an order for use with their LEO III computer, and the printer was delivered in 1964. It printed 2,888 lines per minute, slower than the target of 5,000 lpm.[14]

1960s

In the 1960s, Xerox held a dominant position in the photocopier market,[15] and the company expanded substantially, making millionaires of some long-suffering investors who had nursed the company through the slow research and development phase of the product.

In 1960, a xerography research facility called the Wilson Center for Research and Technology was opened in Webster, New York. In 1961, the company changed its name to Xerox Corporation.[16] Xerox common stock (XRX) was listed on the New York Stock Exchange in 1961[17] and on the Chicago Stock Exchange in 1990.

In 1963, Xerox introduced the Xerox 813, the first desktop plain-paper copier, realizing Carlson's vision of a copier that could fit on anyone's office desk. Ten years later, in 1973, a basic, analogue, color copier, based on the 914, followed. The 914 itself was gradually sped up to become the 420 and 720. The 813 was similarly developed into the 330 and 660 products and, eventually, also the 740 desktop microfiche printer.

Xerox's first foray into duplicating, as distinct from copying, was with the Xerox 2400, introduced in 1966. The model number denoted the number of prints produced in an hour. Although not as fast as offset printing, this machine introduced the industry's first automatic document feeder, paper slitter and perforator, and collator (sorter). This product was soon sped up by fifty percent to become the Xerox 3600 Duplicator.

Meanwhile, a small lab team was borrowing 914 copiers and modifying them. The lab was developing what it called long distance xerography (LDX) to connect two copiers using the public telephone network, so that a document scanned on one machine would print out on the other. The LDX system was introduced in 1964. Many years later, this work came to fruition in the Xerox telecopiers, seminal to today's fax machines. The fax operation in today's multifunction copiers is true to Carlson's original vision for these devices.

In 1968, C. Peter McColough, a longtime executive of Haloid and Xerox, became Xerox's CEO.[18] The same year, the company consolidated its headquarters at Xerox Square in downtown Rochester, New York, with its 30-story Xerox Tower.[19]

Xerox embarked on a series of acquisitions. It purchased University Microfilms International in 1962, Electro-Optical Systems in 1963,[20] and R. R. Bowker in 1967. In 1969, Xerox acquired Scientific Data Systems (SDS),[21] which it renamed the Xerox Data Systems (XDS) division and which produced the Sigma line and its successor XDS 5xx series of mainframe computers in the 1960s and 1970s. Xerox sold XDS to Honeywell in 1975.

1970s

Archie McCardell was named president of the company in 1971.[22] During his tenure, Xerox introduced the Xerox 6500, its first color copier.[23] During McCardell's reign at Xerox, the company announced record revenues, earnings and profits in 1973, 1974, and 1975.[24] John Carrol became a backer, later spreading the company throughout North America.

In the mid-1970s, Xerox introduced the "Xerox 9200 Duplicating System". Originally designed to be sold to print shops to increase their productivity, it was twice a fast as the 3600 duplicator at two impressions per second (7200 per hour). It was followed by the 9400, which did auto-duplexing, and then by the 9500, which was which added variable zoom reduction and electronic lightness/darkness control.

In a 1975 Super Bowl commercial for the 9200, Xerox debuted an advertising campaign featuring "Brother Dominic", a monk who used the 9200 system to save decades of manual copying.[25] Before it was aired, there was some concern that the commercial would be denounced as blasphemous. However, when the commercial was screened for the Archbishop of New York, he found it amusing and gave it his blessing.[26] Dominic, portrayed by Jack Eagle, became the face of Xerox into the 1980s.[27]

Following these years of record profits, in 1975, Xerox resolved an anti-trust suit with the United States Federal Trade Commission (FTC), which at the time was under the direction of Frederic M. Scherer. The Xerox consent decree resulted in the forced licensing of the company's entire patent portfolio, mainly to Japanese competitors. Within four years of the consent decree, Xerox's share of the U.S. copier market dropped from nearly 100% to less than 14%.[28]

In 1979, Xerox purchased Western Union International (WUI) as the basis for its proposed Xerox Telecommunications Network (XTEN) for local-loop communications. However, after three years, in 1982, the company decided the idea was a mistake and sold its assets to MCI at a loss.[29]

1980s

David T. Kearns, a Xerox executive since 1971, took over as CEO in 1982. The company was revived in the 1980s and 1990s, through improvement in quality design and realignment of its product line. Attempting to expand beyond copiers, in 1981 Xerox introduced a line of electronic memory typewriters, the Memorywriter, which gained 20% market share, mostly at the expense of IBM.[20]

In 1983, Xerox bought Crum & Forster, an insurance company, and formed Xerox Financial Services (XFS) in 1984.[20]

In 1985, Xerox sold all of its publishing subsidiaries including University Microfilms and R. R. Bowker.[30]

1990s
Xerox "Pixellated X" logo introduced in 1994

In 1990, Paul Allaire, a Xerox executive since 1966, succeeded David Kearns, who had reached mandatory retirement age. Allaire disentangled Xerox from the financial services industry.

Development of digital photocopiers in the 1990s and a revamp of the entire product range again gave Xerox a technical lead over its competitors. In 1990, Xerox released the DocuTech Production Publisher Model 135, ushering in print-on-demand. Digital photocopiers were essentially high-end laser printers with integrated scanners. Soon, additional features such as network printing and faxing were added to many models, known as Multi Function Machines, or just MFMs, which were able to be attached to computer networks. Xerox worked to turn its product into a service, providing a complete document service to companies including supply, maintenance, configuration, and user support.

To reinforce this image, the company introduced a corporate signature in 1994, "The Document Company", above its main logo and introduced a red digital X. The digital X symbolized the transition of documents between the paper and digital worlds.

In April 1999, Allaire was succeeded by Richard Thoman, who had been brought in from IBM in 1997 as president. The first "outsider" to head Xerox, Thoman resigned in 2000.

2000s

After Thoman's resignation, Allaire again resumed the position of CEO and served until the appointment of Anne M. Mulcahy, another long-term Xerox executive.[31] Xerox's turnaround was largely led by Mulcahy, who was appointed president in May 2000, CEO in August 2001 and chairman in January 2002.[32] She 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.

In 2000, Xerox acquired Tektronix color printing and imaging division in Wilsonville, Oregon, for US$925 million. This led to the current Xerox Phaser line of products as well as Xerox solid ink printing technology.

In September 2004, Xerox celebrated the 45th anniversary of the Xerox 914. More than 200,000 units were made around the world between 1959 and 1976, the year production of the 914 was stopped. Today, the 914 is part of American history as an artifact in the Smithsonian Institution.

In November 2006, Xerox completed the acquisition of XMPie. XMPie, a provider of software for cross-media, variable data one-to-one marketing,[33] was the first acquisition of Xerox to remain independent entity, as a Xerox company and not a division, and to this day is led by its original founder Jacob Aizikowitz.

In October 2008, Xerox Canada Ltd. was named one of Greater Toronto's Top Employers by Mediacorp Canada Inc., which was announced by the Toronto Star newspaper.[34]

On May 21, 2009, it was announced that Ursula Burns would succeed Anne Mulcahy as CEO of Xerox. On July 1, 2009, Burns became the first African American woman to head a company the size of Xerox.

On September 28, 2009, Xerox announced the intended acquisition of Affiliated Computer Services, a services and outsourcing company, for $6.4 Billion. The acquisition was completed in February 2010. Xerox said it paid 4.935 Xerox shares and $18.60 cash for each share of ACS, totaling $6.4 billion, or $63.11 a share for the company.[35]

2010s

In May 2011, Xerox acquired NewField IT for an undisclosed sum.[36] NewField IT developed the Asset DB toolset which is widely used across the managed print services (MPS) market along with MPS market-leading consulting and software services delivering a large impact for this relatively small acquisition.[37]

In December 2013, Xerox sold their Wilsonville, Oregon solid ink product design, engineering and chemistry group and related assets previously acquired from Tektronix to 3D Systems for $32.5 million in cash.[38]

In December 2014, Xerox sold the IT Outsourcing business it had acquired in 2009 from Affiliated Computer Services to Atos for $1.05 billion.[39] This move was taken due to the relatively slow growth of this business relative to some other Xerox units.[39]

In January 2016, Xerox—reportedly under pressure from activist shareholder Carl Icahn—announced that by the end of the year it would spin off its business services unit, largely made up of Affiliated Computer Services, into its own publicly traded company. The name and management of the new company had not been determined at the time of the announcement. Icahn will appoint three members of the new company's board of directors, and he will choose a person to advise its search for a CEO.[40] In June, the company announced that the document management business would retain the name Xerox and the new business services company would be named Conduent. It also announced that Ashok Vemuri will serve as Conduent's CEO and that Icahn will control three seats on the new company's board. It continues to seek a CEO for Xerox; in May, Burns announced her intention to step down as CEO but continue as chairman of the document management business.[41] In June 2016, the company announced that Jeff Jacobson will become the new CEO following the completion of the company's planned separation.[42] This became effective in January 2017.[43]

On January 31, 2018, Xerox announced that Fujifilm had agreed to acquire a 50.1% controlling stake in the company for US$6.1 billion, which was to be combined into their existing joint venture Fuji Xerox (having a value of $18 billion post-acquisition).[44][45][46]

On May 1, 2018, it was announced that Chairman Robert Keegan and CEO Jeff Jacobson and four other directors would resign as part of a deal with investors Carl Icahn and Darwin Deason, who had mounted a proxy fight to oppose the Fujifilm deal. On May 4, Xerox backed away from the deal after stipulations about ceasing litigation were not met.[47] Icahn and Deason responded with an open letter to shareholders blaming the board and management.[48] On May 13 a new deal was reached that additionally cancelled the Fujifilm transaction.[49]

In November 2019, Xerox 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.[50][51] Xerox stated in January 2020 that it would pursue the replacement of HP's board.[52] HP has criticized the proposed purchase as a "flawed value exchange" based on "overstated synergies", and instituted a shareholder rights plan and other measures designed to quell the bid,[53][54] which the company believed was being orchestrated by Icahn.[52]

2020s

In February 2020, Xerox announced the hiring of Tali Rosman as VP of Xerox's 3D business. She joins Xerox from NICE, where she was vice president and head of business operations for the Americas. She will report to CTO Naresh Shanker.[55]

On March 5, HP revealed that its board of directors has unanimously declined Xerox's $24 a share cash-and-stock offer.[56]

On March 13, Xerox revealed that they are putting their campaign to acquire HP on hold by postponing additional presentations, interviews with the press and meetings with HP shareholders. Xerox Vice Chairman and Chief Executive John Visentin cited the COVID-19 pandemic as a main reason and said, "In light of the escalating Covid-19 pandemic, Xerox needs to prioritize health and safety of its employees, customers, partners and affiliates over and above all considerations, including its proposal to acquire HP."[57]

On March 31, 2020, Xerox abolished its $24 a share offer.[58]

Digital printing

The laser printer was invented in 1969 by Xerox researcher Gary Starkweather by modifying a Xerox 7000 copier. Xerox 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.

The first commercial non-impact printer was the Xerox 1200, introduced in 1973,[59] based on the 3600 copier. It had an optical character generator designed by optical engineer Phil Chen.

In 1977, following IBM's laser printer introduction, the Xerox 9700 was introduced. Laser printing eventually became a multibillion-dollar business for Xerox.

In the late 1970s, Xerox introduced the "Xerox 350 color slide system" This product allowed the customer to create digital word and graphic 35mm slides. Many of the concepts used in today's "Photo Shop" programs were pioneered with this technology.

In 1980, Xerox announced the 5700 laser printing system, a much smaller version of their 9700, but with revolutionary touch screen capabilities and multiple media input (word processing disks, IBM magcards, etc.) and printer 'finishing' options. This product was allegedly never intended to make the commercial markets due to its development cost, but rather to show the innovation of Xerox. It took off with many customers, but was soon replaced with its smaller and lower cost 2700 Distributed Electronic Printer offering in 1982.[60]

Palo Alto Research Center
Main article: Xerox PARC
The Xerox Alto workstation was developed at Xerox PARC.

In 1970, under company president C. Peter McColough, Xerox opened the Xerox Palo Alto Research Center, known as Xerox PARC. The facility developed many modern computing technologies such as the graphical user interface (GUI), laser printing, WYSIWYG text editors and Ethernet. From these inventions, Xerox PARC created the Xerox Alto in 1973, a small minicomputer similar to a modern workstation or personal computer. This machine can be considered the first true Personal Computer, given its versatile combination of a cathode-ray-type screen, mouse-type pointing device, and a QWERTY-type alphanumeric keyboard. But the Alto was never commercially sold, as Xerox itself could not see the sales potential of it. It was, however, installed in Xerox's own offices, worldwide and those of the US Government and military, who could see the potential. Within these sites the individual workstations were connected together by Xerox's own unique LAN, The Ethernet. Data was sent around this system of heavy, yellow, low loss coaxial cable using the packet data system. In addition, PARC also developed one of the earliest internetworking protocol suites, the PARC Universal Packet (PUP).

In 1979, Steve Jobs made a deal with Xerox's venture capital division: He would let them invest $1 million in exchange for a look at the technology they were working on. Jobs and the others saw the commercial potential of the WIMP (Window, Icon, Menu, and Pointing device) system and redirected development of the Apple Lisa to incorporate these technologies. Jobs is quoted as saying, "They just had no idea what they had." In 1980, Jobs invited several key PARC researchers to join his company so that they could fully develop and implement their ideas.

In 1981, Xerox released a system similar to the Alto, the Xerox Star. It was the first commercial system to incorporate technologies that have subsequently become commonplace in personal computers, such as a bitmapped display, window-based GUI, mouse, Ethernet networking, file servers, print servers and e-mail. The Xerox Star and its successor the Xerox Daybreak, despite their technological breakthroughs, did not sell well due to its high price, costing $16,000 per unit. A typical Xerox Star-based office, complete with network and printers, would have cost $100,000.

In the mid-1980s, Apple considered buying Xerox; however, a deal was never reached.[61] Apple instead bought rights to the Alto GUI and adapted it into a more affordable personal computer, aimed towards the business and education markets. The Apple Macintosh was released in 1984, and was the first personal computer to popularize the GUI and mouse among the public.

In 2002, PARC was spun off into an independent wholly owned subsidiary of Xerox.

Chief executives
Chief executives
Name Title Tenure Photo
George C. Seager President 1906–1912
Gilbert E. Mosher President 1912–1938
Joseph R. Wilson President 1938–1946
Joseph C. Wilson President
CEO		 1946–1966
1961–1967
C. Peter McColough CEO 1968–1982
David T. Kearns CEO 1982 – July 31, 1990
Paul A. Allaire CEO August 1, 1990 – April 6, 1999
G. Richard Thoman CEO April 7, 1999 – May 10, 2000
Paul A. Allaire CEO May 11, 2000 – July 31, 2001
Anne M. Mulcahy CEO August 1, 2001 – June 30, 2009
Ursula Burns CEO July 1, 2009 – December 31, 2016
Jeff Jacobson CEO January 1, 2017 – May 15, 2018
John Visentin Vice Chairman and CEO May 16, 2018 – present

Products and services

Xerox manufactures and sells a wide variety of office equipment including scanners, printers, and multifunction systems that scan, print, copy, email and fax. These model families include WorkCentre, Phaser, and ColorQube.[1] For the graphic communications and commercial print industries, the Xerox product portfolio includes high-volume, digital printing presses, production printers, and wide format printers that use xerographic and inkjet printing technologies. Products include the iGen, Nuvera, DocuPrint, and Impika series, as well as the Trivor, iPrint, and Rialto (inkjet) machines.[62]

Corporate structure
Xerox logo 1968–2008, designed by Chermayeff & Geismar

Although Xerox is a global brand, it maintains a joint venture, Fuji Xerox, with Japanese photographic firm Fuji Photo Film Co. to develop, produce and sell in the Asia-Pacific region. Fuji Photo Film Co. is currently the majority stakeholder, with 75% of the shareholding.

Xerox India, formerly Modi Xerox, is Xerox's Indian subsidiary derived from a joint venture formed between Dr. Bhupendra Kumar Modi and Rank Xerox in 1983. Xerox obtained a majority stake in 1999 and aims to buy out the remaining shareholders.[63]

NewField IT is a wholly owned subsidiary of Xerox that implements and supports third party software for MPS providers.[37]

Xerox now sponsors the Factory Ducati Team in the World Superbike Championship, under the name of the "Xerox Ducati".

Rank Xerox
Main article: Rank Xerox
Rank Xerox logo used in 1980s

The European company Rank Xerox, later extended to Asia and Africa, has been fully owned by Xerox Corporation since 1997. The Rank Xerox name was discontinued following the buyout, and the Rank Xerox Research Centre was renamed to the Xerox Research Centre Europe. International Internet company NAVER acquired Xerox Research Centre Europe in June 2017.[64]

Accounting irregularities

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. And the financials included some restatements.[65] On March 31, 2002, Xerox restated its financials which reflected the reallocation of equipment sales revenue of more than $2 billion.[66] On April 11, 2002, the U.S. Securities and Exchange Commission filed a complaint against Xerox.[67] The complaint alleged Xerox deceived the public between 1997 and 2000 by employing several "accounting maneuvers," the most significant of which was a change in which Xerox 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. At issue was when the revenue was recognized, not the validity of the revenue. Xerox's restatement only changed what year the revenue was recognized. 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.[68]

In response to the SEC's complaint, Xerox Corporation neither admitted nor denied wrongdoing. It agreed to pay a $10 million penalty and to restate its financial results for the years 1997 through 2000. On June 5, 2003, six Xerox senior executives accused of securities fraud settled their issues with the SEC and neither admitted nor denied wrongdoing. They agreed to pay $22 million in penalties, disgorgement, and interest. The company received approval to settle the securities lawsuit in 2008.[69]

On January 29, 2003, the SEC filed a complaint against Xerox's auditors,[70] KPMG, alleging four partners in the "Big Five" accounting firm permitted Xerox to "cook the books" to fill a $3 billion "gap" in revenue and $1.4 billion "gap" in pre-tax earnings. In April 2005 KPMG settled with the SEC by paying a US$22.48 million fine.[71] Meanwhile, Xerox paid a civil penalty of $10 million.[72] As part of the settlement KPMG neither admits nor denies wrongdoings.

During a settlement with the Securities and Exchange Commission, Xerox began to revamp itself once more. As a symbol of this transformation, the relative size of the word "Xerox" was increased in proportion to "The Document Company" on the corporate signature, and the latter was dropped altogether in September 2004, along with the digital X. However, the digital X and "The Document Company" were still used by Fuji Xerox until April 2008.

Character substitution bug

In 2013, German computer scientist David Kriesel (de) discovered an error in a Xerox WorkCentre 7535 copier. The device would substitute number digits in scanned documents, even when OCR was turned off. For instance, a cost table in a scanned document had an entry of 85.40, instead of the original sum of 65.40.[73] After unsuccessfully trying to resolve this issue with Xerox's customer support, he publicised his findings on his blog. Providing examples pages that lead to the bug occurrence, it was confirmed that this bug was reproducible on a wide variety of Xerox WorkCentre and other high-end Xerox copiers.

The source of the error was a bug in the JBIG2 implementation, which is an image compression standard that makes use of pattern matching to encode identical characters only once. While this provides a high level of compression, it is susceptible to errors in identifying similar characters.

A possible workaround was published by Kriesel, which involved setting the image quality from "normal" to "higher" or "high". Shortly afterwards, it was found that the same fix had been suggested in the printer manual, which mentioned the occurrence of character substitutions in "normal mode", indicating that Xerox was aware of the software error.[74] In Xerox's initial response to a growing interest by the media, the error was described as occurring rarely and only when factory settings had been changed.[75][76] After Kriesel provided evidence that the error was also occurring in all three image quality modes (normal, higher and high) including the factory defaults, Xerox corrected their statement and released a software patch to eliminate the problem.[77][78] Despite the problem being present in some instances also in higher quality mode, Xerox advises users that they can use this mode as an alternative to applying the patch.[79]

Trademark

The word xerox is used as a synonym for photocopy (both as a noun and a verb) in many areas: for example, "I xeroxed the document and placed it on your desk" or "Please make a xeroxed copy of the articles and hand them out a week before the exam". Though both are common, the company does not condone such uses of its trademark, and is particularly concerned about the ongoing use of Xerox as a verb as this places the trademark in danger of being declared a generic word by the courts. The company is engaged in an ongoing advertising and media campaign to convince the public that Xerox should not be used as a verb.[80][81]

To this end, the company has written to publications that have used Xerox as a verb, and has also purchased print advertisements declaring that "you cannot 'xerox' a document, but you can copy it on a Xerox Brand copying machine". Xerox Corporation continues to protect its trademark in most if not all trademark categories. Despite their efforts, many dictionaries continue to include the use of "xerox" as a verb, including the Oxford English Dictionary. In 2012, the Intellectual Property Appellate Board (IPAB) of India declared "xerox" a non-generic term after "almost 50 years (1963–2009) of continued existence on the register without challenge, and with proof of almost 44 years of use evident (1965–2009)",[82] but as of 2015, most Indians still use it as a synonym for photocopying.[83]

The company has also advertised its trademark concerns, in an attempt to persuade journalists and others not to use "Xerox" as a verb.[84]

See also

Citations
  1. "Professional Digital Printing Equipment – Xerox". Xerox. Archived from the original on September 4, 2015. Retrieved August 28, 2015.
  2. "Xerox Corporation 2017 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. January 2018. Archived from the original on April 2, 2018. Retrieved April 2, 2018.
  3. "Xerox Annual Report 2014". Archived from the original on September 6, 2015. Retrieved August 26, 2015.
  4. "Online Fact Book: Historical Highlights". www.xerox.com. 2007. Archived from the original on April 23, 2010. Retrieved November 1, 2007.
  5. "Xerox Corporation Details". PCX. Archived from the original on May 17, 2014. Retrieved May 17, 2014.
  6. "Xerox". Fortune. Archived from the original on November 28, 2018. Retrieved November 27, 2018.
  7. The first computer mouse Archived February 3, 2014, at the Wayback Machine New Launches. October 2, 2007. Retrieved September 21, 2012.
  8. The Graphical User Interface: A Historic Overview Archived July 16, 2011, at the Wayback Machine Sensomatic. Retrieved September 21, 2012.
  9. Online Fact Book: Xerox at a Glance Archived August 5, 2009, at the Wayback Machine, xerox.com. Article retrieved December 13, 2006.
  10. Carlson, Chester. "Electrophotography". pdfpiw.uspto.gov. USPTO. Archived from the original on February 20, 2017. Retrieved February 19, 2017.
  11. "Xerox Hopes Its New Logo Doesn't Say 'Copier'" Archived February 19, 2017, at the Wayback Machine, NYT.com. Article retrieved January 7, 2008.
  12. Wirten, Eva Hemmungs (2004). No Trespassing: Authorship, Intellectual Property Rights, and the Boundaries of Globalization. University of Toronto Press. p. 61. ISBN 9780802086082. Archived from the original on February 4, 2017. Retrieved May 18, 2016.
  13. Xerox 914 Plain Paper Copier Archived September 22, 2011, at the Wayback Machine at americanhistory.si.edu
  14. Bird, Peter (1994). "Chapter 5: Further Automation Improvements". LEO The first business computer. Biddles Ltd. pp. 153–159. ISBN 0-9521651-0-4.
  15. "Jacob E. Goldman, Founder of Xerox Lab, Dies at 90". The New York Times. December 21, 2011. Archived from the original on July 3, 2019. Retrieved November 13, 2018. In the late 1960s, Xerox, then the dominant manufacturer of office copiers ...
  16. Deutsch, Claudia H. (January 8, 2008). "Xerox Hopes Its New Logo Doesn't Say 'Copier'". The New York Times. ISSN 0362-4331. Archived from the original on March 1, 2018. Retrieved October 4, 2019.
  17. Saito-Chung, David (April 18, 2016). "Copy His Success: Joe Wilson Zeroed In On Innovation At Xerox". Investor's Business Daily. Archived from the original on August 3, 2016.
  18. Siklos, Richard (December 18, 2006). "C. Peter McColough, 86, Dies; Led Xerox to Prominence in 13 Years as Chief". The New York Times. ISSN 0362-4331. Archived from the original on January 30, 2013. Retrieved October 4, 2019.
  19. WHAM, Carlet Cleare (January 26, 2018). "Xerox leaving downtown Rochester, relocating hundreds to Webster". WHAM. Archived from the original on June 17, 2018. Retrieved October 4, 2019.
  20. "Gale Directory of Company Histories: Xerox Corporation (from Amswers.com)". Archived from the original on October 31, 2013. Retrieved November 3, 2013.
  21. Barmash, Isadore (July 22, 1975). "Computer Making Willend Atxerox". The New York Times. ISSN 0362-4331. Archived from the original on October 9, 2020. Retrieved October 4, 2019.
  22. "Xerox Appoints Chairman and President," New York Times, December 14, 1971.
  23. Smith, Gene. "Xerox Planning to Market Color Copier Next Year." New York Times. May 19, 1972.
  24. Smith, Gene. "Xerox Foresees Profit Record in 1973." New York Times. May 25, 1973; Reckert, Claire M. "Xerox Earnings Set Record." New York Times. July 17, 1974; Reckert, Claire M. "Xerox Earnings Up 5.4% to Record." New York Times. April 16, 1975.
  25. "Ad Age Encyclopedia of Advertising: Xerox corp". Advertising Age. September 15, 2003. Archived from the original on November 7, 2013. Retrieved November 2, 2013.
  26. O'Reilly, Terry (February 5, 2017). "Judgment Day: Super Bowl Advertising". CBC Radio. Canadian Broadcast Corporation. Archived from the original on February 5, 2017. Retrieved February 5, 2017.
  27. Best, Neil (September 19, 2014). "Ian Eagle finds the right mix of humor and pop culture in CBS football booth". Newsday. Newsday. Archived from the original on September 20, 2017. Retrieved September 20, 2017. His father, Jack, who had been a comedian, musician and actor, saw his life change following an iconic 1977 Super Bowl ad for Xerox that led to his second career appearing at trade shows, store openings and corporate events. 'My father traveled probably about 225 days a year for Xerox dressing up as the monk, Brother Dominic," Eagle said. "What started as a commercial became a full-time job . . . It was a whole life that started for him after the age of 50 and it turned out to be the most memorable and lucrative part of his career.'
  28. "Xerox: The Downfall". Business Week. March 5, 2001. Archived from the original on October 27, 2015. Retrieved November 23, 2015.
  29. Strauss, Paul R. (September 1983). "Xerox at the Crossroads". Data Communications. Archived from the original on January 3, 2014. Retrieved November 6, 2013.
  30. Winter, Christine (November 14, 1985). "Bell, Howell Acquires Two Data Firms". Chicago Tribune. Archived from the original on September 11, 2014. Retrieved September 10, 2014.
  31. "America's Best Leaders: Anne Mulcahy, Xerox CEO". Archived from the original on December 10, 2008. Retrieved November 25, 2008.
  32. Morris, Betsy (June 2003). "The Accidental CEO". Fortune. Archived from the original on December 17, 2018. Retrieved August 3, 2020.
  33. "Leaders in One-to-One in One, Personalized VDP and Cross Media Communications". XMPie. Archived from the original on May 31, 2010. Retrieved November 9, 2011.
  34. "Reasons for Selection, 2009 Greater Toronto's Top Employers Competition". Archived from the original on February 6, 2009. Retrieved January 28, 2009.
  35. "Xerox to buy ACS to expand back office services". Reuters. September 28, 2009. Archived from the original on October 1, 2009. Retrieved July 3, 2017.
  36. "Xerox acquires NewField IT to expand managed print services". May 23, 2011. Archived from the original on September 6, 2011.
  37. "Xerox confirms transfer of 120 Wilsonville employees to an Indian contractor, HCL Technologies". IT Director.com. May 30, 2011. Archived from the original on May 12, 2012. Retrieved October 17, 2011.
  38. "3D Systems To Acquire a Portion of Xerox's Oregon Based Solid Ink Engineering and Development Teams". Archived from the original on January 16, 2014. Retrieved January 14, 2014.
  39. Patnaik, Subrat; Baker, Liana B. (December 18, 2014). "Xerox to sell IT outsourcing arm to France's Atos for $1.05 billion". Reuters. Archived from the original on September 24, 2015. Retrieved July 3, 2017.
  40. de la Merced, Michael J.; Picker, Leslie (January 29, 2016). "Xerox, in Deal With Carl Icahn, to Split Company in Two". The New York Times. Archived from the original on January 30, 2016. Retrieved January 30, 2016.
  41. Becker, Nathan (June 16, 2016). "Xerox Says It Will Call Business-Services Company Conduent After Split". The Wall Street Journal. Archived from the original on June 18, 2016. Retrieved June 18, 2016.
  42. "Jeff Jacobson to Become CEO of Xerox Corporation Following Completion of Separation". Xerox. June 23, 2016. Archived from the original on January 10, 2017. Retrieved January 10, 2017.
  43. Clausen, Todd (January 3, 2017). "Xerox completes split into 2 companies". USA Today. Archived from the original on February 1, 2018. Retrieved January 10, 2017.
  44. "Fujifilm acquires Xerox for $6.1 billion". Ars Technica. Archived from the original on February 1, 2018. Retrieved February 1, 2018.
  45. Shirkey, Alec (January 31, 2018). "A Giant Is Born: Fujifilm Deal Allows Xerox To Make Inroads Into Asia-Pacific Print Market, Bolster Next-Gen R&D Efforts". CRN. Archived from the original on January 31, 2018. Retrieved February 1, 2018.
  46. Shirkey, Alec (January 31, 2018). "Fujifilm Buys Controlling Stake In Xerox, Creating An $18 Billion Printer Industry Behemoth". CRN. Archived from the original on January 31, 2018. Retrieved February 1, 2018.
  47. "Archived copy". Archived from the original on May 6, 2018. Retrieved May 6, 2018.CS1 maint: archived copy as title (link)
  48. "Archived copy". Archived from the original on May 7, 2018. Retrieved May 6, 2018.CS1 maint: archived copy as title (link)
  49. "Xerox Boots CEO in Deal with Activist Investor Carl Icahn". Archived from the original on May 14, 2018. Retrieved May 13, 2018.
  50. "Xerox tells HP it will bring takeover bid directly to shareholders". TechCrunch. Archived from the original on October 9, 2020. Retrieved February 28, 2020.
  51. "HP rejects Xerox again, but leaves door open for negotiation". TechCrunch. Archived from the original on October 9, 2020. Retrieved February 28, 2020.
  52. "Xerox wants to replace HP board that rejected takeover bid". TechCrunch. Archived from the original on October 9, 2020. Retrieved February 28, 2020.
  53. Armental, Maria (February 25, 2020). "HP to Buy Back $15 Billion in Stock to Battle Xerox Takeover Bid". Wall Street Journal. ISSN 0099-9660. Archived from the original on February 28, 2020. Retrieved February 28, 2020.
  54. "HP offers its investors billions in shareholder returns to avoid a Xerox tie-up". TechCrunch. Archived from the original on October 9, 2020. Retrieved February 28, 2020.
  55. "Xerox Names Tali Rosman as Vice President, 3D Business". Odessa American. Associated Press. Archived from the original on February 28, 2020. Retrieved February 28, 2020.
  56. "What Made HP Dismiss Xerox's Hostile Takeover Bid Again?". finance.yahoo.com. Archived from the original on March 18, 2020. Retrieved March 9, 2020.
  57. "Xerox Pauses Campaign to Take Over HP as Coronavirus Pandemic Escalates". The Wall Street Journal. March 13, 2020. Archived from the original on October 9, 2020. Retrieved March 16, 2020.
  58. "Xerox Drops Hostile Takeover Bid For HP". nasdaq.com. March 31, 2020. Archived from the original on October 9, 2020. Retrieved April 1, 2020.
  59. Vullo, Christina. "Flashback Friday: The Xerox 1200 Computer Printing System". Xerox Blogs. Archived from the original on November 5, 2013. Retrieved November 1, 2013.
  60. http://simson.net/ref/Xerox/1987.Xerox.FactBook.odd.pdf%7Ctitle=Xerox Archived October 9, 2020, at the Wayback Machine 1987 Fact Book
  61. Press, Gil. "Apple, Xerox, IBM And Fumbling The Future". Forbes. Archived from the original on June 4, 2019. Retrieved June 4, 2019.
  62. "Digital Printing Press for Commercial Printers : Xerox". Archived from the original on September 2, 2015. Retrieved August 28, 2015.
  63. "Xerox looks to up stake in Indian arm to 100%". The Economic Times. March 2005. Archived from the original on April 6, 2005. Retrieved April 23, 2005.
  64. MacLean, Allan (2000). "Xerox Research Centre Europe (XRCE)". CHI '00 Extended Abstracts on Human Factors in Computing Systems - CHI '00. New York, New York, USA: ACM Press: 217. doi:10.1145/633292.633417. ISBN 1581132484. S2CID 8010131.
  65. "Xerox 2000 Financial Statement Audit Complete; 'After Rigorous Reviews of Xerox's Accounting, No Fictitious Transactions Were Found and the Company's Liquidity is Not Impacted.'". Archived from the original on October 12, 2016. Retrieved September 9, 2013.
  66. "Xerox agrees to pay fine to SEC, restate results". Archived from the original on November 12, 2013. Retrieved September 9, 2013.
  67. "SEC v. Xerox Corporation". SEC. 2002. Archived from the original on August 8, 2002. Retrieved September 18, 2017.
  68. "Xerox Reports Adjustment in Non-Cash Interest Expense". Archived from the original on November 12, 2013. Retrieved September 9, 2013.
  69. "Xerox Corp receives approval to settle securities lawsuit". March 2008. Archived from the original on October 19, 2014. Retrieved July 22, 2013.
  70. "Complaint: KPMG LLP et al". SEC. 2003. Archived from the original on January 18, 2017. Retrieved September 18, 2017.
  71. "SEC fines Xerox's ex-auditor". Democrat and Chronicle. April 2005. Archived from the original on September 23, 2015. Retrieved October 9, 2020.
  72. "KPMG and Xerox Settle Securities Lawsuit". March 2008. Archived from the original on January 3, 2014. Retrieved July 24, 2013.
  73. "Xerox scanners/photocopiers randomly alter numbers in scanned documents". Archived from the original on October 9, 2020. Retrieved March 22, 2015.
  74. "Possible workaround for character substitutions in xerox machines". Archived from the original on October 9, 2020. Retrieved March 22, 2015.
  75. Coy, Peter. "Some Xerox Scanners Can Alter Documents by Accident". Businessweek.com. Archived from the original on February 10, 2015. Retrieved March 22, 2015.
  76. "Xerox scanners alter numbers in scanned documents". ZDNet. Archived from the original on February 7, 2015. Retrieved March 22, 2015.
  77. Williams, Martyn (August 13, 2013). "Impact of Xerox character-substitution bug wider than thought". PCWorld. Archived from the original on February 7, 2015. Retrieved March 22, 2015.
  78. "BBC News – Xerox to update scan software after switched number outcry". BBC News. Archived from the original on November 19, 2014. Retrieved March 22, 2015.
  79. "Archived copy" (PDF). Archived (PDF) from the original on November 29, 2015. Retrieved February 8, 2015.CS1 maint: archived copy as title (link)
  80. Stim, Richard (2006). Patent, Copyright & Trademark. Nolo. p. 388. ISBN 1-4133-0196-7.
  81. "Online Fact Book: Overview". Archived from the original on December 22, 2008. Retrieved July 2, 2007.
  82. R. Sivaraman. "Appellate Board upholds trademark status of Xerox". The Hindu. Archived from the original on November 23, 2016. Retrieved December 16, 2015.
  83. "Maggi returns". The Indian Express. November 11, 2015. Archived from the original on November 15, 2015. Retrieved November 16, 2015.
  84. Garber, Megan (September 25, 2014). "BUSINESS 'Kleenex Is a Registered Trademark' (and Other Desperate Appeals)". The Atlantic. Archived from the original on October 10, 2019. Retrieved October 10, 2019. To protect their products' names, the makers of Botox, Xerox, and Tabasco are advertising directly to the people who write articles about them.

General references
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.