Channel Strategy Session: 2024 Summer Reading List

Headlines: Leading News Stories from October 2024

Like time, the news never stops. Staying up to date with all the goings-on and happenings is, at the very least, beneficial from an educational standpoint, but it can be very difficult to keep up with. Thanks to our News Service (which is updated every business day), we cover everything from print to managed IT to smart workplace and beyond. Here, to provide you with a recap of the month that was, we offer up…

Xerox Stock Plunges: Negative Speculations Rise

Xerox’s stock has taken a notable hit, dropping to $8.56 in premarket trading as of Tuesday, October 29. This significant decline can be traced back to the company’s failure to meet sales estimates for all three quarters of 2024, which were primarily driven by a downturn in equipment sales even as it maintained positive gross margins. The reinvention initiative announced earlier this year needs time to take effect, while doubts linger within the printing market regarding Xerox’s near future. Organic equipment sales declined in the color and the black-and-white segments where the company competes, further contributing to the stock’s downward trajectory.

Channel Strategy Session: Making Connections at Novatech Connect (VIDEO)

Novatech has been marketing its Managed Office strategy for several years. As you might guess, that word “managed” is critical here and, as you might also guess, conversations with potential clients start with cybersecurity. However, there is much more for Novatech to help make sense of for customers. Managed IT services (MITS) and cloud services are essential in providing all-encompassing support. The mega dealer supplements what it can do on its own (it’s a lot, I assure you) with organizations like ConnectWise, which attended Connect, to deliver MITS offerings. No one can do it alone as the IT landscape is evolving daily, that’s why Novatech’s tagline of “Bring Everything Up to Speed” is about as good as it gets—especially for a big fan of not only dealers with MITS/cloud but Formula 1, too.