{ "docId": "019dd923-622b-71dc-a6dc-2b65d6c48f5e", "docSlug": "221a7c1fe12f", "documentTitle": "Xerox Corporation (XRX)", "authorId": "14_Icahn", "authorName": "Carl C. Icahn", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2018-04-17 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 35, "pageCount": 44, "prevPage": 34, "nextPage": 36, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "overcrowded", "nDataPoints": 6, "notes": "Includes a quote from Steve Hoover (CTO of Xerox) to support the R&D value argument.", "elementsJson": [ "headline_text", "donut_chart", "bullet_list", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622b-71dc-a6dc-2b65d6c48f5e/35", "deckHref": "/decks/019dd923-622b-71dc-a6dc-2b65d6c48f5e", "deckJsonHref": "/decks/019dd923-622b-71dc-a6dc-2b65d6c48f5e.json", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dc-2b65d6c48f5e#slide-35", "components": [ { "bbox": null, "kind": "callout", "text": "Fuji Xerox comprises nearly half of Fuji's total operations", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-ee3c-76df-9648-b56b0bfb9275", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.4, "x": 0.08, "y": 0.25 }, "kind": "chart", "text": "Fuji FYE 3/2017 Revenue by Segment", "attrs": null, "subkind": "donut", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "69026362-9018-4a6e-8ce3-2503d03eef7c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.4, "x": 0.52, "y": 0.25 }, "kind": "chart", "text": "Fuji FYE 3/2017 Operating Income by Segment", "attrs": null, "subkind": "donut", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ece8d69d-3950-47ed-8ce2-28e936798e06", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "revenue dependency: 46.5%", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd952-ee3c-76df-9648-bc6e50e99895", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.85, "x": 0.08, "y": 0.7 }, "kind": "paragraph", "text": "A lot of the differentiation in the value now is in the user interface part, the digital workflow, how a customer walks up and uses [the printer]... that's actually produced by Xerox, the software written by Xerox, by and large or some of the software developed by Fuji-Xerox to our specifications to meet our needs", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fbcf9601-e484-4441-a5dd-41386194e6cc", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.85, "x": 0.08, "y": 0.8 }, "kind": "quote", "text": "Fuji-Xerox has introduced version of those that have kind of that same, you know move the paper, put the marks on it, but the whole user interface and user experience is completely different. And we have been really focusing on the R&D and the ability to kind [sic] deliver that.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "46f20eef-91f4-41cb-b7ac-a794c412efa3", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "A lot of the differentiation in the value now is in the user interface part, the digital workflow, how a customer walks up and uses [the printer]... that's actually produced by Xerox, the software written by Xerox, by and large or some of the software developed by Fuji-Xerox to our specifications to meet our needs. Fuji-Xerox has introduced version of those that have kind of that same, you know move the paper, put the marks on it, but the whole user interface and user experience is completely different. And we have been really focusing on the R&D and the ability to kind of [sic] deliver that. — Steve Hoover, CTO of Xerox", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-ee3c-76df-9648-b95183bdbd1d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.4, "x": 0.05, "y": 0.92 }, "kind": "source-note", "text": "Source: Fujifilm and Xerox annual report. Note: Assumes JPY/USD rate of ¥112/$1 per Fujifilm annual report", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9126ca77-30ed-49b9-9c19-6b50ce651b52", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.9, "x": 0.05, "y": 0.05 }, "kind": "title", "text": "Xerox also needs to fundamentally re-evaluate the Fuji Xerox relationship in light of the fact that (A) Fuji needs Xerox much more than Xerox needs Fuji...", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8e262c8a-4fae-4007-aa95-1f0fb9988c1c", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "ceo-quote-contradiction", "slug": null, "matchId": "e623d6ce-6893-4f85-8a8a-607d8fd76861", "evidence": "Uses a CTO quote to contradict the perceived value of the partner's R&D.", "confidence": 0.9 } ], "arcBeats": [ { "to": 40, "from": 31, "beatId": "348bb81b-43ac-4c95-8f5c-bed692e812be", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "Contradictions in the proposed transaction are exposed, further supporting the proposed solution.", "position": 4, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }