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  "documentTitle": "Xerox Corporation (XRX)",
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  "authorName": "Carl C. Icahn",
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  "presentationDate": "2018-04-17 00:00:00",
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  "notes": "Uses a table to demonstrate that sourcing from competitors is common industry practice.",
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      "kind": "callout",
      "text": "But many of the world’s leading companies – including some in this very same industry – source critical products and components from their direct competitors",
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      "text": "But many of the world's leading companies – including some in this very same industry – source critical products and components from their direct competitors",
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      "text": "HP sources a significant amount of its A4 and a portion of its A3 laser printer engines and laser toner cartridges from Canon; Apple sources its display and other semiconductor parts from Samsung; Dell sells Microsoft Surface tablets to its corporate customers even though it has its own competitive product; Toyota and Ford partnered on hybrid vehicle technology and integrating Ford’s apps platform into Toyota vehicles",
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      "text": "The Xerox board says “...Fuji Xerox is the only potential supplier that is not a direct competitor of Xerox and would therefore be aligned in its interests to provide competitive pricing for those materials”",
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      "text": "“...Fuji Xerox is the only potential supplier that is not a direct competitor of Xerox and would therefore be aligned in its interests to provide competitive pricing for those materials” — Xerox board",
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      "text": "1) Per Xerox board statement made on February 13, 2018 regarding the Fuji Xerox JV",
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      "text": "Buyer, Supplier, Competitors; HP, Canon, Yes; Apple, Samsung, Yes; Dell, Microsoft, Yes; Toyota, Ford, Yes",
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      "kind": "title",
      "text": "...and (C) Xerox could find other suppliers for the products it sources from Fuji Xerox",
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