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

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To: Paul Nicholas who wrote (231)3/9/2000 2:42:00 PM
From: Sam Citron   of 431
 
Paul,

Nothing speaks louder than a rising stock price. The PR damage you speak of is fully reflected in the bargain basement price of the stock. Stock prices, however, reflect expectations of the future and that is why the shares are rising.

Remember IBM back in 1992? That was a painful transition. I hope you did not sell at that time as I did. It was one of the most valuable investment lessons I have ever learned, but the tuition was costly.

Patience is your best friend. You have great value in Xerox. As management demonstrates better management of our IP portfolio, the shares will rise substantially IMHO.

Sam
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