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Technology Stocks : Xerox (XRX)

XRX 3.010

-2.0%

Nov 6 4:00 PM EST

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To: Yogizuna who wrote (291)	10/2/2000 4:44:55 PM
From: Road Walker	Read Replies (2) of 431

Monday, October 02, 2000 Xerox sees Q3 loss --4:41 pm - By August Cole STAMFORD, Conn. (CBS.MW) -- Xerox said Monday it expects a third-quarter loss of 15 to 20 cents a share while a consensus survey of analysts from First Call forecasted a profit of 12 cents a share. The Stamford, Conn.-based company said weak North American and European revenue as well as poor high-end sales contributed to the shortfall. Xerox also said weak European currencies hurt gross margins. "These results are obviously disappointing and completely unacceptable," Chairman Paul Allaire said in a statement. The company also said it will provide an update on its accounting issues in Mexico when it reports numbers.

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