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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (8591)	10/10/1999 9:12:00 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78751

XRX: I used to follow the stock and the business. I think you got it right. And the article in the NY Times is close too. Earnings have been growing but, for an alleged growth company, sales are not growing so rapidly. Earnings have improved due to financial "things" and downsizing (imo). The excuse for poor sales in the past has been (I recall), Brazil. The hype has been (imo), Xerox is digitized and networked and that that business segment for Xerox is expanding (rev's & profits) greatly. But, Xerox has a tremendous base of installed copiers and duplicators and that big business is not growing and dwarfs the networking part that is. (I think of Xerox now more like a cash cow. And Xerox, imo, should have been valued as such - not with the multiple it had.) I remember a few years back seeing survey results of asking business consumers (buyers & users) what their favorite computer printers were. HP by far, number one. For one or two survey categories, (not sure what it was now) say 15 pages and 30 pages per minute machines, number one choice of respondents was HP. Xerox ranked 2nd or 3rd. Pretty funny actually. Because HP didn't even make printers in those categories. Which tells you of the domination and reputation of HP. I should have bought HP stock then. Ah well. We learn too late sometimes. Paul.