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Technology Stocks : Xerox (XRX)
XRX 3.060+1.7%Nov 7 4:00 PM EST

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To: John Liu who wrote (198)1/5/2000 6:49:00 PM
From: Patriarch  Read Replies (1) of 431
 
RESEARCH ALERT - Xerox started as long-term buy

January 5, 2000 09:37 AM
NEW YORK, Jan 5 (Reuters) - Brown Brothers Harriman & Co. on Wednesday said it started investment coverage of copier giant Xerox Corp. XRX with long-term buy and short-term neutral ratings.

-- Xerox announced a reorganization, including a management reshuffling, on Dec. 21 following its prediction of much lower fourth quarter earnings.

-- Shares eased 1/16 to 23 in late morning NYSE trade. REUTERS

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