June 28, 2000 |
Photocopier maker Xerox Corp. said it won an order from Kinko's Inc. for printers and services valued at $290 million, which the company said is its biggest contract from a commercial customer. Closely held Kinko's, based in Ventura, ordered high-volume digital printers, less sophisticated black-and-white printers, supplies and services for about 1,000 Kinko's outlets worldwide.
December 7, 2000 |
Xerox Corp. said it is spinning off a company that will market flexible, paper-thin screens for in-store advertising that can be updated using a wireless computer system. Xerox estimated Wednesday that Gyricon Media Inc. will generate revenue of more than $100 million annually by 2004. In-store computer-controlled signs identifying products and prices are expected to reach the market late next year.
August 13, 1999
Xerox Corp. said a federal court ruled it can use microchips it purchased from Hewlett-Packard Co. in its printers, winning a round in a lawsuit against its rival. Officials at HP were not immediately available to comment on the ruling by Judge J. Thomas Martin in U.S. District Court in Wichita, Kan. Each side has made damage claims against the other, and the court must still decide if Xerox can use the chips in the future under the original agreement between the companies, Xerox said.
December 11, 1999 |
Xerox Corp., said fourth-quarter profit could be as much as 40% below analysts' estimates, crippled by expenses for its sales-force reorganization, Y2K concerns and competition. Stamford, Conn.-based Xerox was expected to earn 66 cents a share in the quarter, the average estimate from analysts polled by First Call Corp.
October 6, 2001 |
A federal appeals court reinstated a Xerox Corp. patent-infringement lawsuit against Palm Inc., 3Com Corp. and U.S. Robotics Corp. over handwriting-recognition software. Xerox had sued Palm, its then-parent 3Com and U.S. Robotics over Palm's Graffiti software, which lets users learn a simple series of shorthand strokes to enter data such as names and addresses into hand-held organizers. A federal judge in Rochester, N.Y., had dismissed the suit. The U.S.
September 15, 1999 |
Hewlett-Packard Co., the nation's largest maker of computer printers, won a legal battle with rival Xerox Corp. when a federal judge threw out a patent lawsuit alleging that HP has used Xerox's technology in inkjet printer cartridges. Xerox sued HP in May 1998, seeking to bar it permanently from selling supplies and printers, including some DeskJet models, using the disputed technology. U.S. District Judge Michael Telesca in Rochester, N.Y., concluded that HP had not infringed on Xerox's patent.
August 15, 2000 |
Xerox Corp., the world's largest copier company, will pay ousted Chief Executive Richard Thoman $800,000 a year for life, according to a filing with the Securities and Exchange Commission. Xerox also will pay Thoman, who was fired in May after a little more than a year as CEO, a cash payment of $200,000 in lieu of a continuation of life-insurance benefits, and $375,000 as a prorated 2000 bonus in February of next year.
March 24, 1990 |
The bulk of a $150-million lawsuit accusing Apple Computer Inc. of pirating pioneering Xerox Corp. designs to create the revolutionary Macintosh computer was thrown out Friday by a federal judge. Xerox immediately announced that it would appeal. U.S. District Judge Vaughn Walker dismissed five of six counts. The only count remaining asks for a declaratory judgment stating that Xerox is the owner of copyrights pertaining to its Star computer. Xerox filed the suit in December in U.S.
June 1, 2001 |
An outside review of accounting practices at Xerox Corp. sparked by misdeeds at its Mexican subsidiary found no instances of fraud and even boosted net income for the troubled copier maker. Audit firm KPMG reviewed Xerox's financial statements from January 1998 through December 2000 and found "no fictitious transactions," said Paul Allaire, Xerox's chairman and chief executive. Wall Street responded Thursday by bidding up Xerox's battered shares 88 cents to close at $9.