Xerox (XRX) Message Board

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Technology Stocks : Xerox (XRX)

XRX 2.960

-8.1%

Nov 4 4:00 PM EST

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To: hdl who wrote (378)	4/1/2002 12:48:29 PM
From: Ted The Technician	Read Replies (1) of 431

XRX halted. What would be the impact of XRX restatement of revenue recognition? If the revenues get reallocated into the future, it should increase XRX's future revenues which should be a positive. If it changes how XRX currently reports revenues, it could be a negative as it will need to recognize revenues later rather than sooner. The news announcement did not mention whether it was changing its current revenue recognition policies. The focus of the changes appear to impact only the earlier years though. Hope this is good news. Certainly, the resolution of the SEC probe lifts a black cloud over financial reporting at the company.

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