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After 60 Years of Operation on NYSE, Xerox Ticker Gets New Trade

 


Xerox transfers its shares and ticker symbol “XRX” to the global Nasdaq forex market on Tuesday, September 21, 2021, the last full day of summer.

In choosing to migrate to Nasdaq, the Norwalk-based desktop systems giant cited a better structure to “start new businesses” on its own terms as spinoff companies.

After acquiring augmented reality company CareAR earlier this year, Xerox last week announced a blend of CareAR with its existing DocuShare and XMPie business lines to create a system for field technicians to get on-site support for anything. problem encountered while troubleshooting. with document and content management systems or others. Xerox has pegged CareAR’s initial valuation at $ 700 million.


Speaking in late July on a conference call, Visentin highlighted some of Xerox’s recent innovations, including its famous Xerox PARC center in Silicon Valley which invented computer innovations such as the graphical user interface and the mouse. Xerox PARC has developed an “Internet of Things” system called Eloque to assess bridges for signs of deterioration that could lead to failure.

“In the United States alone, 42% of bridges are at least 50 years old and nearly 231,000 bridges are in immediate need of repair and preservation,” Visentin said in July. “Our Eloque solution uses tiny fiber optic sensors that attach to a bridge to accurately measure structural health. Advanced analytics are then used to assess sensor data and provide information … in real time, revealing whether the bridge has structural issues or damage requiring repair.

Xerox has remained profitable throughout the COVID-19 pandemic, with net income of $ 91 million in the second quarter of this year. But the company’s shares have yet to regain their price of nearly $ 38 in February 2020, trading at $ 21.28 by mid-morning on Thursday.

Xerox debuted on the New York Stock Exchange on July 11, 1961, approximately eight years before moving its headquarters to Stamford from its historic base in Rochester, NY In 2008, Xerox moved its headquarters to Norwalk, with the office being today located in Merritt 7 Business Park.

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