Xerox (XRX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Xerox (XRX)

XRX 3.010

-2.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: uu who wrote (295)	10/8/2000 6:44:46 AM
From: praguepivo	Read Replies (2) of 431

$ 7.00 sounds good.... It has debts of over $15Bn which are increasing and does not have any more financial engineering that will help the balance sheet significantly. It intends to dispose of armies of worker bees (25-30k) but with the same management what do you expect to happen?? No one will be there to sell or service customers. If you look at the accounts it invested a fortune in Ireland - Dundalk employing 3000 people and disposed of 4700 people elsewhere, there was a net increase in headcount last year with no improvement in performance. It entered Ireland too late and invested too much - costs are higher than UK and everything has to be transported out of the country adding to costs. In the UK I believe it can still dispose of some sites (Mitcheldean, Welwyn, Venray) for some short term small gain and it may dispose of China for $600m to FX. None of these will help the long term for the company I believe that a merger or takeover is inevitable. Yield is outlooked at c6% for next year after the dividend is cut (probably halved). pivo

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next