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  "documentTitle": "Xerox Corporation (XRX)",
  "authorId": "14_Icahn",
  "authorName": "Carl C. Icahn",
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  "presentationDate": "2018-04-17 00:00:00",
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  "notes": "The slide uses a 'villain' critique approach by framing Xerox's management as having failed to capitalize on its own R&D assets.",
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      "text": "As PARC continued to churn out technological breakthroughs, Xerox failed to combine this innovation with sustainable and profitable business models – often selling their creations for little to no long-term value for Xerox:",
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      "kind": "list",
      "text": "Current Focus Areas: Big Data, Biomedical, Cleantech, Content-Centric Networking, Innovation Services, Intelligent Automation, Intelligent Software, Optics, Printed Electronics",
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      "text": "> 175+ world-class scientists\n> $1 trillion in new industries\n> $60 billion in startups and spin-offs\n> ~2,500 patents\n> 4,000 scientific papers",
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      "text": "PARC is responsible for seeking its own revenues through patents, licensing technology and finding new high-tech backers. However, half of its revenue still comes from Xerox, a third from government funding and the rest from utilizing R&D capacity for other companies – helping to develop manufacturing processes and performing technical studies for clients such as Boeing, Honda, Samsung and Sony, with minimal long-term value creation for Xerox shareholders",
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      "text": "PARC Ventures, Innovations, Outcome",
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      "text": "Xerox can add another potentially significant revenue stream by monetizing its Palo Alto Research Center (PARC), which continues to produce some of the world's most valuable intellectual property",
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