Xerox is scrapping the proposed $6.1 billion takeover by Fujifilm Holdings Corp. in a settlement with activist investors Carl Icahn and Darwin Deason that also removes Xerox CEO Jeff Jacobson from his position, along with five company directors. According to Xerox, Icahn Enterprises chief Keith Cozza will become chairman, while John Visentin — a former senior exec at Hewlett-Packard and IBM — will take over as CEO. Fujifilm disputes Xerox’s right to terminate the planned merger. Continue reading Xerox Sides With Investors, Cancels Planned Fujifilm Merger

After 115 years, Xerox has ceased operation as an independent company, agreeing to sell more than 50 percent of its business to Fujifilm Holdings in a $6.1 billion deal that will include restructuring and job cuts. In its heyday, Xerox introduced the first copying machine, and its Xerox Palo Alto Research Center (PARC) refined the computer mouse and graphical-user interface and built the Alto, a prototype personal computer that sold 1,000 units. Over the years, Xerox lost its innovation mojo and joined the ranks of Kodak and BlackBerry, two other companies that introduced groundbreaking technologies. Continue reading End of an Era: Fujifilm to Acquire Photocopying Pioneer Xerox

In the latest drama at the troubled Uber, former chief executive Travis Kalanick appointed two new directors — former Xerox chief executive Ursula Burns and former Merrill Lynch chief John Thain — to the board, without informing new chief executive Dara Khosrowshahi or current board members. The likely trigger for Kalanick’s action was a proposal that included reducing his voting power and increasing Khosrowshahi’s. By adding two members to the nine-member board, Kalanick attempted to gain new allies. Continue reading Former Uber CEO Tries to Thwart Effort to Reduce His Power

Facebook, Google and numerous startups are among those actively researching new possibilities with artificial intelligence technology. Japanese automaker Toyota is joining the crusade with a five-year, $1 billion R&D effort. The planned Silicon Valley facility will become one of the largest research labs in the area. Toyota Research Institute will initially open a lab next to Stanford and an additional facility near MIT in Cambridge. Toyota’s plans represent a shift in tech research — a return to a focus on science and engineering rather than a push for tech that would become a specific product or service. Continue reading Toyota Invests $1 Billion in Planned Return to Traditional R&D

Thinfilm — a Norwegian tech firm with 90+ employees that also does business as Thin Film Electronics USA — has a deal with Xerox to produce electronic chips that print their features atop thin surfaces. Thinfilm could manufacture up to a billion “printed electronics” chips per year for memory, processors, and sensors designed for connected devices and objects as part of the Internet of Things. The company envisions significant cost savings and increased efficiency in teaming “smart labels” with connectivity tech such as NFC and the Internet-connected cloud. Continue reading Thinfilm and Xerox Pursue Printed Electronics for IoT Chips

This year’s edition of Interbrand’s “Best Global Brands” report places Apple in the No. 1 spot as the world’s most valuable brand for the second year in a row. Apple and No. 2 brand Google knocked Coca-Cola to the No. 3 spot last year. The top three positions are the same for 2014. The report, which provides a ranking of the top 100 valuable global brands, list a growing number of technology brands. Microsoft, Samsung and IBM are listed in the top 10, while Intel, Cisco, Amazon, Oracle and HP are in the top 20. Continue reading Report: Apple and Google Battle for Top Spot in Global Brands

The team at Xerox’s Palo Alto Research Center (PARC) recently demonstrated a concept in which slivers of silicon, or electronic circuits called “chiplets,” dance around under a microscope until commanded to settle accurately on a pattern of circuit wires — each settling at an exact point of contact. These chiplets are part of a new system Xerox envisions for making electronics that take advantage of the laser printer. Continue reading Xerox PARC Tests Silicon Chiplets for Micro Manufacturing