Can Xerox Corporation (NYSE:XRX)’s Be Innovative?

Posted by Steve Raasch September 30, 2013 0 Comment 1365 views

Xerox Corporation (NYSE:XRX), Samsung Electronics, Canon and HP have joined hands in a unique venture. They are launching the MopriaTM alliance as a non-profit global membership organization. This joint venture will promote, simplify and improve levels of accessibility of wireless-printing from smartphones, tablets and other mobile devices.

The objective of this alliance is to bring together the mobile, print and software industries in an effort to align standards and make print-capabilities a universally compatible phenomenon. This is expected to work from any location, any printer or any mobile device. This alliance will focus on building bridges between different brands in the mobile-industry. They want to eliminate the need for users to download numerous printers.

In addition, this alliance will create better, easier and easily accessible user-experiences in the mobile printing space. It will also have a positive impact on creating standards and development of mobile printing. The open environment that it creates will help software developers incorporate mobile applications more effectively.

Friday’s trading

In Friday’s trading session, Xerox Corporation (NYSE:XRX) dropped by 0.10%. The opening price of the shares was $10.37 which rose to an intraday high of $10.45 and dropped to a close of $10.37. Approximately 7.58 million shares were traded on Friday and the average volume of shares traded over a 30 day period was $12.56 million.

The company

Xerox Corporation (NYSE:XRX) provides a range of business-process and information technology outsourcing support, solutions and document technology. Via its business process and IT-outsourcing the company offers numerous global services from claims-reimbursement and electronic-toll transactions to HR management benefits and customer-care centers to operating a company’s technology-infrastructure.

Xerox Corporation (NYSE:XRX) operates in 3 business segments: 1) Services- this  includes BPO,  Information Technology Outsourcing and Document Outsourcing (DO); 2) Technology- This includes selling products and supplies and associated technical-service and financing of these products, and 3) Other.

About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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