Tag: photocopy

Xerox spin-off opposed by shareholder

One of Xerox’s  largest shareholders has sued the photocopy maker over its spin off plans.

For those who came in late, Xeros wants to spin off its document outsourcing business into a new publicly traded company.

Darwin Deason sued Xerox  in a US District Court over its plans to create a new company called Conduent. Xerox said in a Thursday statement that Deason’s lawsuit was meritless and the company would seek its dismissal.

The Conduent business includes the operations of Dallas-based Affiliated Computer Services Inc, the company that Deason founded and that was acquired by Xerox for $6.4 billion in 2010.

Xerox announced the split in January and also said at the time that activist investor Carl Icahn would get three Conduent board seats after the spin-off. Icahn disclosed his stake last November. Icahn Associates Corp owns 9.77 percent of Xerox and is the company’s largest shareholder, according to Thomson Reuters data.

Deason owns 6.1 percent of Xerox stock and is the company’s largest individual investor and fourth-largest overall, according to Thomson Reuters data.

Deason’s complaint said he obtained preferred convertible stock in Xerox as part of the ACS deal, and that stock will now be marooned in the legacy business after it spins off Conduent, which Deason said was the faster growing business.

Deason asked the court to block the separation of the Conduent business and to declare that depriving him of his right to receive a convertible stake in Conduent violated Xerox’s certificate of incorporation.

 

Serious fault means Xerox copiers make stuff up

Scanners in the Xerox WorkCentre line have started randomly altering numbers in the pages in which they are scanned.

The error was found by D Kriesel who wrote in his blog that this was not an OCR problem, just that the printer didn’t like the numbers it was given and put something else in.

Kriesel stopped short of blaming elves, but it was clear that was what he meant.

The scanned images look correct at first glance, even though numbers may actually be incorrect. The problem could cause incorrect invoices, dodgy construction plans, incorrect metering of medicine and tennis elbow.

The copiers in question are the common Xerox WorkCentres, and Xerox seemed to be unaware of the problem until Kriesel discovered it.

Different WorkCentre models appear to be affected although so far the problem was tested on the Xerox WorkCentre 7535 and 7556. The current software release, as installed by Xerox support, did not solve the problem and probably existed when Adam wore shorts.

Kriesel said that the error has been confirmed by a Xerox rental firm in the meantime, and Xerox is investigating.

He pointed out that anyone who has been using a Xerox work centre needs to worry about the documents they have scanned over the last years.

He said that Xerox seems eager to solve the problem, and because of the possible dangers an immediate publication of the issue is advisable.

A Xerox spokesperson says: “As I’m sure you’re aware, technically Xerox does not make photocopiers rather multifunctional devices for scanning, photocopying, printing and faxing.

“Therefore the vast majority of Xerox customers are unlikely to be affected by this issue. It will only occur if the user selects the scanning function on the user device or the user changes two separate settings on the scan ,compression level and image quality”.

FTC gets to the bottom of photocopier hard-drives

Those photocopies of your bottom, which you thought would be an original and funny statement of the contents of your soul during the office Christmas party, have started to worry the US Federal Trade Commission.

The FTC is worried that the pictures at the bottom end of the market are being stored on the photocopier’s hard drive and could be used to make an ass of you.

At the moment it is just happy with issuing a warning that if you photocopy your butt on a modern copier, it’s probably still there, but it might be forced to do something about it in the future.

Modern copiers store the image on the copier’s hard drive, along with medical forms, financial documents, and all your company secrets.

Once the copiers are resold or their lease expires it is possible to lift it out and use the information.

CBS got its paws on one of these hard-drives and found “a list of targets in a major drug raid” from the Buffalo Police Narcotics Unit. It also scored Social Security numbers, medical documents, and “$40,000 in copied cheques.”

The Chairman of the FTC, Jon Leibowitz, said his agency is taking the matter quite seriously. After all, there might be a hairy posture view of Leibowitz or any one else in the FTC hanging on a notice board of the Chinese secret service, causing much mirth.

According to Leibowitz, the FTC is now “reaching out” to copier manufacturers, resellers, and retail copy and office supply stores to ensure that they are aware of the privacy risks associated with digital copiers and to determine whether they are warning their customers about these risks.

“We will work with these entities to help ensure that they provide appropriate educational materials on the subject to their clients,” he said.

The FTC said it avoids the problem internally by signing lease agreements that give the agency full ownership of the hard drives inside the copiers.

When the lease is up, the FTC will “erase and subsequently destroy these hard drives” before returning the copiers.