Key Developments: Xerox Corp (XRX.N)
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Latest Key Developments (Source: Significant Developments)
Xerox Corporation Announces Acquisition Of Lateral Data
Xerox Corporation announced the acquisition of Lateral Data, a e-discovery technology provider, for $30 million. Lateral Data`s flagship software, Viewpoint, brings simplicity and affordability to e-discovery by enabling corporate legal departments and law firms to manage the entire e-discovery lifecycle using a single, in-house solution. E-discovery is the process where electronic data is sought, located, searched and secured for potential use as evidence in legal and regulatory matters. Full Article
Xerox Corporation Secures Contract From Florida Health Choices
Xerox Corporation announced that Florida Health Choices, a corporation established by the state to improve access to health care, has selected Xerox to administer Insurance Marketplace, a program designed to give small business and eligible individuals more flexibility in finding affordable health insurance and other services. The nine-year contract is valued at $68 million. With partner CHOICE Administrators Exchange Solutions, Xerox will provide a cloud-based Web portal and online plan selection tool to give consumers and employers more information when making health insurance selections. Xerox will also provide eligibility determination and enrollment management services for the program, and operate a customer contact center to share information on marketplace offerings. Full Article
National Institutes Of Health Selects Xerox Corporation As Prime Contractor
Xerox Corporation announced that it has been selected as a prime contractor to the National Institutes of Health (NIH), supporting the information technology and business process needs of the federal healthcare marketplace. As an approved contractor, Xerox can now compete for all service contracts that include: Information Technology (IT) services for biomedical research, software development, health sciences, imaging, IT operations and integration services. Under the NIH Chief Information Solutions and Partners three (CIO-SP3) contract, pre-qualified contractors are identified to simplify the acquisition process for federal government agencies. Full Article
Xerox Corporation Secures Illinois Electronic Benefits Transfer Contract
Xerox Corporation announced that the state of Illinois has turned to Xerox to support a program that helps people in need make ends meet. Under a five-year contract valued at $42 million with the option for a five-year renewal, Xerox will provide the state with electronic benefit transfer (EBT) services to distribute benefits for the Supplemental Nutrition Assistance Program (SNAP, formerly known as food stamps), as well as cash assistance on a reloadable card. The card can be used for approved purchases at authorized retailers and ATMs. Full Article
Thin Film Electronics ASA Extends Relationship with Xerox Corp's PARC to Accelerate Delivery of Integrated Printed Electronic Systems
Thin Film Electronics ASA announced that it has extended its relationship with PARC, a Xerox Corp's Company, for the delivery of integrated printed electronic systems. The two companies have started working together on the physical prototypes of a fully printed temperature sensor. The project begins extending the Company's Addressable Memory to support the integration of sensors and batteries. Full Article
Xerox Corporation Declares Dividend On Common And Preferred Stock
Xerox Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.0425 per share on Xerox common stock. The dividend is payable on July 31, 2012 to shareholders of record on June 29, 2012. The Board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on July 1, 2012 to shareholders of record on June 15, 2012. Full Article
Xerox Corporation Issues Q2 2012 EPS Guidance In Line With Analysts' Estimates; Reaffirms FY 2012 EPS Guidance
Xerox Corporation announced that it expects second-quarter 2012 GAAP earnings of $0.21 to $0.24 per share (EPS) and adjusted EPS is expected to be $0.25 to $0.28 per share including 1 cent to 2 cents of restructuring. The Company reiterated fiscal 2012 GAAP EPS of $0.97 to $1.03. Including restructuring, the Company continues to expect fiscal 2012 adjusted EPS of $1.12 to $1.18. According to I/B/E/S estimates, analysts are expecting the Company to report EPS of $0.26 for the second quarter of 2012 and EPS of $1.13 for fiscal 2012. Full Article
Xerox Corporation Starts Trading on Bovespa's OTC Market-BM&FBovespa
BM&FBovespa (Bovespa) announced that, on April 4, 2012, the Brazilian Depositary Receipts (BDRs) Level I of Xerox Corporation will start being traded on Bovespa’s over-the-counter (OTC) market, quoted in BRL per unit and with standard trading lot of 100 BDRs, under the ticker XRXB11B. Each one BDR will correspond to one share of the Company. Full Article
Xerox Corporation Raises $1.1 Billion Through Senior Notes Offering
Xerox Corporation announced that it has closed on its offering of $600 million of senior unsecured floating rate notes due in 2013 and $500 million of 2.95% senior unsecured notes due in 2017. Net proceeds from the offering will be used for general corporate purposes. Full Article
Xerox Corporation Declares Dividend On Common And Preferred Stock
Xerox Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.0425 per share on Xerox common stock. The dividend is payable on April 30, 2012 to shareholders of record on March 30, 2012. The Board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on April 1, 2012 to shareholders of record on March 15, 2012. Full Article
Xerox focuses on services as printer business declines
- Printer and copier maker Xerox Corp forecast current-quarter earnings below estimates as it accelerates efforts to transform itself into a technology services provider.
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