Good deal? by Barbora Misakova

I don’t want to talk about crisis as the newspapers are full of it; actually I am full of it as well, even though this topic is probably related to it. Anyway, business is business and as Queen was singing: “…Show must go on”, even during the worst world recession. Examples and proves that crisis is not only about unemployment and job losses are everywhere. Just look at the Xerox Corp. This company was founded in 1906 and from that time it manufactures and sells printers, multifunction systems, and photo copiers and offers related consulting services and supplies. But probably it is not enough for them and that is why they started to play with the id! ea of expanding their business. Yes, expanding during that terrible recession! On Monday Xerox Corp. announced they will buy Affiliated Computer Services Inc. The price of the whole deal is more than interesting: $6.4 billion in cash and stock. The business should combine Xerox’s copiers, printers and document management services with managing payroll or run health care plans. This step should take Xerox deeper into the back-office operations. This deal should contribute to both companies: Xerox will get closer to their customers and have tighter relationships with them and ACS will end up with steady revenue streams from multiyear contracts. Even though not everyone consider this step as a good one, Xerox sees in buying ACS a way to boost profits and expand the roles of company in assisting clients with running their businesses. What is more, Xerox believes that buying ACS will triple its services revenue to an estimated $10 billion next year.

related story ! (sgx15491): http://tech.yahoo.com/news/ap/20090928/ap_on_hi_te/us_xerox_...

by Barbora Misakova for PocketNews (http://pocketnews.tv)

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