Xerox To Split Into Two, Icahn To Get Board Seats In One: Reuters

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Link: Xerox to split into two, Icahn to get board seats in one | Reuters

 

...The company, whose shares had fallen more than 30 percent in the past 12 months, has been trying to turn itself around by focusing on software and services as businesses cut costs and a switch to mobile devices hits demand for printers.

 

Larger rival Hewlett Packard Enterprise Co also split its computer and printer businesses from its faster-growing corporate hardware and services operations last year to adjust to the post-PC computing era...