Sergio: While on vacation I was able to keep up with XRX somewhat. A lot of News all week and into this weekend.
GE talks propelled XRX Up Thursday and Friday..
I would expect it to rise even more on Monday as
CNN Cable and radio, as well as CBS, NBS, ABC, etc.. etc.. have all had story's about XRX and GE deal / talks. In other words, TONS of media coverage Friday , sat and Sunday.
Deal would wipe out 11 billion of 17 B debt. Other parts could fetch large amounts of cash and still leave XRX with a solid core business without the drag of debt and losses. IMO
I would expect, no matter how bad the earnings come in Tuesday, ( and they could come in slightly better then company warned, but that's a Gamble ) the company will put the best spin on it they can, and probably announce some very solid restructuring. Expect major layoffs and some bitter pills to swallow.
Saw this on Yahoo. Interesting!
" Rochester Democrat & Chronicle Article "
messages.yahoo.com
messages.yahoo.com
messages.yahoo.com
" (10/22/2000) -- Xerox Corp. could come out of its current troubles a leaner, meaner copy machine maker. "
'Xerox is one of the best-known brands in the U.S., and a company that has great distribution, service and logistics,'' he said. ''But there are
structural changes that need to be fixed and serious issues that need to be dealt with.''
I am playing XRX day by day, hour by hour.... Looking for a nice pop Monday. Not sure if I have nerve enough to hold till Tuesday morning. Will have to wait and see.
Think XRX could be a fun and very profitable stock to play, both UP and Down , for sometime to come. Could be VERY Profitable, IMHO
This is the XRX central reporting here on the Amigos News network, brought to you by SI. LOL
Come on Sergio, take a dip in the XRX pool. Water is feeling fine, but watch for those waves! lol
Later.....
ICN |
