Xerox: minus 24 %

verfasst von JüKü, 03.10.2000, 18:08

After the market closed on Monday, Xerox warned that it expected to report a wider than expected
third-quarter loss of 15 cents to 20 cents. The company cited"much weaker than anticipated" revenue in
North America and Europe,"particularly in September," for the projected shortfall.

"These results are obviously disappointing and completely unacceptable," said Paul Allaire, Xerox's
chairman and chief executive, in a press statement.

"Clearly, actions beyond resolving our operational issues are required, including major cost reductions,
asset dispositions and a review of the dividend level," Allaire added."Aggressive actions to improve
profitability in 2001 are being pursued."

Prior to the warning, the consensus estimate for Xerox's third quarter was for a loss of 12 cents a share,
according to a survey of analysts by First Call/Thomson Financial.
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Quelle: http://www.upside.com/Money/39d9ebc80_yahoo.html
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• Xerox: minus 24 % - JüKü, 03.10.2000, 18:08