How to get the most reliable HP Printer support
The Wall Street Journal published a report a few days earlier that talked about a possible takeover of HP Inc by Xerox. The report said that Xerox was offering more than $27 billion for this acquisition. Now, HP has confirmed the rumors doing rounds in the business circles, saying it has indeed received a proposal from Xerox and the company is deliberating on this offer. It will do whatever was best in the interest of the shareholders of the company. HP Printer support to the computer and printing company has failed to deliver the desired results. Similar is the case with Xerox that is finding it hard to survive in the digital age as interest of offices and businesses is on a wane in printing and copying machines.
This takeover bid is rather unusual as the market capitalization of Xerox is much smaller at just $8 billion in comparison to the market capitalization of $27 billion of HP Inc. It appears that the canary is trying to eat the cat in this instance. There are reports that Citigroup is ready to provide the financing required by Xerox to swallow the much bigger HP. Xerox would require a debt of around $20 billion to complete this acquisition bid once it is accepted by HP.
There are no indications from HP printer support that the company considers it a right move in the interest f its stakeholders. The company believes that raising a debt of $20 billion for the proposed takeover can be a big concern for the shareholders. Also, there are many inside HP who believes that Xerox doesn’t have the credentials to run the combined company. HP Inc is mainly involved with computers and printing while Xerox is confined to the field of photocopiers.
It is not a secret that HP is struggling these days to survive in the market, leave alone thinking of increasing its sales and revenues. Not only does it face stiff competition from other PC manufacturers but also finds a decreased interest among the consumers for its printers and print supplies. To combat dropping sales, both HP as well as Xerox has resorted to measures of cost cutting. Enrique Lores, the Chief Executive Officer of HP has recently proposed a restricting of the company that is expected to screen as many as 16% of the workers form the existing workforce. Enrique knows that something drastic is needed to save the company in the backdrop of fast decreasing sales of print supplies, the most lucrative business segment of the company.
Similarly, Xerox has announced a series of measure that it believes would cut down expenses by as much as $640 million in a year. Many experts believe that a combined entity comprising both HP and Xerox could help save nearly $2 billion in expenses every year. HP has resisted merger and acquisition bids after separating from the server manufacturing unit of Hewlett Packard in 2015. HP Inc got hold of computers and printers but it is finding difficult to run the show in the wake of declining interest in its PCs and printers.
This takeover bid is rather unusual as the market capitalization of Xerox is much smaller at just $8 billion in comparison to the market capitalization of $27 billion of HP Inc. It appears that the canary is trying to eat the cat in this instance. There are reports that Citigroup is ready to provide the financing required by Xerox to swallow the much bigger HP. Xerox would require a debt of around $20 billion to complete this acquisition bid once it is accepted by HP.
There are no indications from HP printer support that the company considers it a right move in the interest f its stakeholders. The company believes that raising a debt of $20 billion for the proposed takeover can be a big concern for the shareholders. Also, there are many inside HP who believes that Xerox doesn’t have the credentials to run the combined company. HP Inc is mainly involved with computers and printing while Xerox is confined to the field of photocopiers.
It is not a secret that HP is struggling these days to survive in the market, leave alone thinking of increasing its sales and revenues. Not only does it face stiff competition from other PC manufacturers but also finds a decreased interest among the consumers for its printers and print supplies. To combat dropping sales, both HP as well as Xerox has resorted to measures of cost cutting. Enrique Lores, the Chief Executive Officer of HP has recently proposed a restricting of the company that is expected to screen as many as 16% of the workers form the existing workforce. Enrique knows that something drastic is needed to save the company in the backdrop of fast decreasing sales of print supplies, the most lucrative business segment of the company.
Similarly, Xerox has announced a series of measure that it believes would cut down expenses by as much as $640 million in a year. Many experts believe that a combined entity comprising both HP and Xerox could help save nearly $2 billion in expenses every year. HP has resisted merger and acquisition bids after separating from the server manufacturing unit of Hewlett Packard in 2015. HP Inc got hold of computers and printers but it is finding difficult to run the show in the wake of declining interest in its PCs and printers.
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