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

To: LKO who wrote (8675)	10/18/1999 2:38:00 PM
From: Bob Rudd	Respond to of 78663

XRX Suffering from 'distributed printing'...instead of information being copied/printed and shipped, it's transmitted electronically where individuals then either print it or read/store it digitally. More of the same expected ahead. A bit like what PC's did to mini's and mainframes. Financially, the debt looks a bit heavy though not in danger zone. Barron's mentioned that stocks that disappoint often drop to around 10 x earnings [Beeeg discount to 25x market]. Looks like this is at or near that zone, but this may be a situation where the market has recognized that the game has really changed, rather than just a sour qtr or two. Contrast with MAT or WMI...10 years from now kids will still be playing with Barbies and Garbage will still be collected and put in landfills or recycled. OTOH the portion of info distributed, stored, and read online, as opposed to copied/printed and sent, will have increased dramatically IMO. bob