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  "documentTitle": "Icahn Enterprises | Activist Presentation Deck | 44 slides",
  "authorId": "icahn-enterprises",
  "authorName": "Icahn Capital LP and Deason Capital Services, LLC",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-04-01 00:00:00",
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  "pageNumber": 33,
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  "notes": "The slide uses a 'villain' framing for Xerox's management failure to monetize its own R&D.",
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      "kind": "list",
      "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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      "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": "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": "Table of PARC Ventures, Innovations, and Outcomes showing spin-offs and acquisitions.",
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      "kind": "title",
      "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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