Office Depot Inc.’s $1 billion purchase of CompuCom Systems Inc. plunges it into new territory, an effort to reposition itself as a tech-support provider that isn’t as dependent on selling printer paper, toner and other office supplies. Investors reacted harshly Wednesday, sending the stock down 15%. Office Depot also warned of weak profits and lower sales in its latest quarter, a reminder of its struggles to compete with Amazon.com Inc. and others in its traditional business.

Source: Wall Street Journal October 04, 2017 19:58 UTC