Preview

Fraud Case

Powerful Essays
Open Document
Open Document
5971 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Fraud Case
The Xerox Corporation
Fraud case (1997 – 2000)

Xerox Corporation is a global document management company which manufactures and sells a range of color and black-and-white printers, multifunction systems, photo copiers, digital production printing presses, and related consulting services and supplies. Xerox is headquartered in Norwalk, Connecticut, though its largest population of employees is based in and around Rochester, New York, the area in which the company was founded.

The history of Xerox:

The Xerox 914 was the first one-piece plain paper photocopier, and sold in the thousands. Xerox was founded in 1906 in Rochester, New York as "The Haloid Company”, which originally manufactured photographic paper and equipment. The company subsequently changed its name to "Haloid Xerox" in 1958 and then simply "Xerox" in 1961 . The company came to prominence in 1959 with the introduction of the first plain paper photocopier using the process of xerography (electro photography) developed by Chester Carlson, the Xerox 914. The 914 was so popular that by the end of 1961, Xerox had almost $60 million in revenue. By 1965, revenues leaped to over $500 million. Before releasing the 914, Xerox had also introduced the first xerographic printer, the "Copyflo" in 1955. The company expanded substantially throughout the 1960s, making millionaires of some long-suffering investors who had nursed the company through the slow research and development phase of the product. In 1960, the "Wilson Center for Research and Technology" was opened in Webster, New York, a research facility for xerography. In 1961 , the company changed its name to "Xerox Corporation" . Xerox common stock (XRX) was listed on the New York Stock Exchange in 1961 and on the Chicago Stock Exchange in 1990. In 1963, Xerox introduced the Xerox 813, the first desktop plain-paper copier, bringing Carlson's vision of a copier that could fit on anyone's office desk into a reality. Ten years later in 1973, a

You May Also Find These Documents Helpful

  • Good Essays

    This is The People

    • 692 Words
    • 3 Pages

    looked at the portability of the typewriter. There was also a few patent dates of 1904, 1910 so…

    • 692 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Kodak vs. Fujifilm

    • 1115 Words
    • 5 Pages

    In 1930, Eastman Kodak Company launched on Dow Jones Industrial Average Index where it would remain for 74 years. Throughout the years, Eastman Kodak film were used to capture some very historic moments; in 1969 film used on the Apollo 11 missions were manufactured by Kodak. By 1975, Kodak was the first company to build an actual working digital camera which launched off throughout the years causing Kodak in 2004, to stop selling film cameras in face of increasing popular digital…

    • 1115 Words
    • 5 Pages
    Good Essays
  • Good Essays

    In 1889, with the transparent roll of film finally perfected by Eastman and his chemists, it made it possible for the development of Thomas Edison's motion picture camera in 1891. In 1895, the KODAK pocket camera was introduced which used the rolled film and had a small window in which you could see how many pictures were left. With the discovery of the X-ray process in 1896, KODAK entered into an agreement to supply the plates and paper for the machines. Finally in 1900, photography becomes financially accessible to everyone with the introduction of the Brownie camera, which sold for a dollar and used film at 15 cents per roll. In 1907 the company's worldwide employment reaches 5,000 people. The Blair Camera Factory in Rochester is renamed in 1911 to Hawkeye Works. In 1917 KODAK develops aerial cameras for US Signal Corps photographers to use during World War I. KODAK also supplies the US Navy with a cellulose acetate which is a film product used for coating airplane wings along with unbreakable lenses for their gas masks. In 1921 under and anit-trust case, the courts rule that KODAK is to divest six of the companies it has acquired and to end practicing requiring KODAK dealers to sell nothing but KODAK products. By 1927 KODAK employees were 20,000 people worldwide. IN 1932 the company introduces the first 8mm motion picture camera for…

    • 1620 Words
    • 7 Pages
    Good Essays
  • Good Essays

    The history of xerography has no beginning without the man known as Chester F. Carlson. His life started out rough, he was born February 8, 1906, in Seattle, Washington to a Swedish immigrant father and a mother who both contracted tuberculosis. Their illnesses were the reason the family moved to Mexico for a short period of time and also why Carlson was stuck with the role of supporting the Family financially. Although he was under significant strain for the beginning of his life he was able to better himself with years of education and hard work and in turn was able to change and improve the world of printing.…

    • 468 Words
    • 2 Pages
    Good Essays
  • Better Essays

    The most important aspect of his invention was that it was the first form of printing to use movable type.…

    • 1303 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Founded in April 18, 1906 in Rochester, New York by two entrepreneurs name Joseph C. Wilson and Chester Carlson. With their headquarters based in Norwalk, Connecticut; and one hundred thirty one thousand and eight hundred employees reported in 2016. Their products consists of productions printers & digital presses, multi-function printers, wide format of printers, projectors, and scanner copiers and other office equipment and serve worldwide. Innovation at Work | About Xerox. (2017, March 23). Retrieved April 13, 2017, from https://www.xerox.com/en-us/about…

    • 1046 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Kodak Strategy Failure

    • 4999 Words
    • 20 Pages

    "You press the button, we do the rest”: With this slogan George Eastman put the first simple camera into the hands of a world of consumers in 1888. In so doing, he made a cumbersome and complicated process easy to use and accessible to nearly everyone. (Exhibit 1)…

    • 4999 Words
    • 20 Pages
    Powerful Essays
  • Satisfactory Essays

    Paper has been around since 4,000 BC by the ancient Egyptians. It was known as Papyrus.…

    • 354 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Finc 235

    • 872 Words
    • 4 Pages

    3M, Inc. was founded in 1902 at the Lake Superior town of Two Harbors, Minn. Five businessmen set out to mine a mineral deposit for grinding-wheel abrasives. But the deposits proved to be of little value, and the new Minnesota Mining and Manufacturing Co. quickly moved to nearby Duluth to focus on sandpaper products. The five industrious and tenacious northern Minnesota businessmen with diverse occupations founded 3M. They financed the company to mine mineral for grinding wheel abrasives. Like many others in the early 1900s, 3M's founders incorporated first and investigated later (3M Company History). The company had many struggles throughout its journey, but also had many great strides along the way. In 1920, they created the world’s first waterproof sand paper, in the early 1940s, 3M was diverted into defense materials for World War II which was something the company was not used to be involved in (3M Company History). One of 3M’s most famous things they are known for are the post-it notes and they were introduced in the 1980’s. In the 1990s, sales reached the $15 billion mark, while this 3M continued to develop an array of innovative products, in 2004, sales topped $20 billion for the first time, with innovative new products contributing significantly to growth (3M Company History).…

    • 872 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Graphic Design Paper

    • 408 Words
    • 2 Pages

    The history of print dates back to the 1800’s where they started penny prints. A penny print is a single print that was for something unusual event or an important one. As time goes on the print world evolves and the print presses are being made. The first iron framed print press was made by Charles Stanhope in 1800. The Industrial Revolution brought about a lot of changes in the print world. The Lithographic Rotary press was invented in 1843 by Richard Hoe and it was the most important printing process developed during the Industrial Revolution (prepressure).…

    • 408 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    linotype

    • 314 Words
    • 2 Pages

    Name one invention that was created to try to mechanically set type before the linotype.…

    • 314 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    picture taking may be a dry method of making a picture by applying toner and warmth to the paper. the aim of a setup is to form a replica document that's offered quicker and cheaper. Copiers were AN alternate choice for printers, that were at first pricey and time intense. trendy copiers became multi-purpose and square measure offered with options like printing, faxing, stapling, hole punching and alternative capabilities. setup was unreal by a patent lawyer, city Carlson. it had been conjointly popularly referred to as Xerox machines with the method being named as Xeroxing for a short time before the Xerox Company fought to stay the trademark from changing into…

    • 1623 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Epson Printer Synopsis

    • 453 Words
    • 2 Pages

    Our direct competitor would be Xerox. The Xerox brand is already in Alphagraphics locations. Currently, Alphgraphics uses the Xerox 700 Digital Colour Press. Xerox claims it is the first true production capable printer to get your business in the production of digital printing. This printer produces face-trimmed saddled stitched booklets, catalogues, punched documents, square folded and trimmed manuals, tri-fold brochures, variable print postcards, direct mail, and photo specialty products. Due to the customer’s needs and the quality of prints customers demand, Alphagraphics needs a quality, reliable day-in, day-out, excellent performing printer that will last. Alphagraphics chose to Xerox 700 Digital Colour Press because it has all of these elements.…

    • 453 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Conceptualized in 1946 as a manufacturer and supplier of photographic paper and related office equipment, Xerox is presently one of the biggest and oldest document-management company in the world. Xerox, initially known as Haloid, became significantly prominent in 1959 with the introduction of the world's first plain paper photocopier dubbed as Xerox 914. Utilizing the process of xerography or electrophotography, Xerox 914 became an instant office item pursued by countless organizations around the globe. As a result, Xerox business opportunities and market share greatly expanded throughout the 1960s and made scores of long-suffering investors high-flying millionaires.…

    • 1658 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Fuji Xerox

    • 1095 Words
    • 5 Pages

    Fuji Xerox helps to expand the business into various countries such as Japan, Indonesia, South Korea, Philippines, Taiwan, Thailand and Indochina. In 1967, Fuji Xerox’s sales were passed those of Rank Xerox’s French and German subsidiaries. Fuji Xerox introduced FX 2200 (the world’s…

    • 1095 Words
    • 5 Pages
    Good Essays

Related Topics