Xerox (XRX) Message Board

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Technology Stocks : Xerox (XRX)

XRX 2.450

-3.5%

4:00 PM EST

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To: S. HYDER who wrote (80)	4/9/1998 3:47:00 AM
From: Dave Reed	Read Replies (1) of 431

I love the company but the stock is starting to make me nervous. Anybody taking money off the table at this point? I bought this a year and a half ago intending to put it away in my IRA and forget about it. Lately, though, it's been hard to ignore! Don't you hate when your nice conservative value play turns into a momentum stock?????? :-) Here are my thoughts on the stock... New technology is driving growth in the industry: Analog -> Digital B&W -> Color Stand alone copier -> Network printing/copying The emerging trend towards the outsourcing of non-core business activities should provide oportunies for document management service providers. (making copies is about as non-core as it gets around my office) To me it looks like the industry should see better than normal growth over the next few years. The industry trend, XRX's move into document management services, and now with more aggressive cost management, XRX looks like one to hold on to for a while. As a value investor though, I just have to squeeze my eyes tightly shut and ignore that three month chart and the 26 PE. Wake me up in five years and let me know how it all turned out... Dave

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