Xerox logs off
 

Xerox logs off

A brand that became a generic term for photocopying, Xerox finally ran out of steam, almost 112 years after it was founded, bought by Fujifilm for $6.1 billion, in a deal announced on January 31.
The company, which reported a loss of $196 million in the last quarter, suffered largely due to a falling demand for photocopiers as companies increasingly move toward a paperless office.
ADVERTISEMENT