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Thursday, December 22, 2005

Xerox Nixes e-Paper 

Another brilliant move from Xerox, a company that used to innovate in just about everything, but which then seemed to spend more time protecting its name from becoming commonly used to refer to photocopying while their core business was being eaten away: they're shutting down their Gyricon e-Paper operation, just before e-Paper, which was developed at Xerox PARC, becomes a real product.

Grab: "Our goal is to maximize the return to our shareholders," [spokesman Bill] McKee said. "While the future of electronic paper may be promising, we have decided to reprioritize our Gyricon-related spending to our core business projects."

For Xerox's track record of success in maximizing this return, see the chart below. The blue line is Xerox, the red line is the Dow average, the time scale is 1978 to the present, and shows a comparison of the growth of the value of each. Nice work, Xerox.

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