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| Xerox |
| Description: |
Xerox Corporation NYSE: XRX is the world's largest document-management company, providing the industry's broadest range of color and black-and-white printers, multifunction systems, copiers, digital production printing presses, and related consulting services and supplies. Corporate headquarters are in Stamford, Connecticut, though its largest population of employees is based in and around Rochester, New York, the area in which the company was founded. The company is so identified with its product that the term "Xerox machine" is often used to refer to xerographic duplicators produced by other companies. And, the term "xeroxing" is quickly becoming synonymous with "copying."
Originally named Haloid and beginning as a manufacturer of photographic paper and equipment, the company came to prominence in 1959 with the introduction of the first one-piece, plain paper photocopier using the process of xerography (electrophotography), the Xerox 914. 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 many ways, this time resembled the early years of Microsoft. Proceeds from the introduction of this new industry allowed the company to open a famous research center, the Xerox Palo Alto Research Center or Xerox PARC. |
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