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Technology Stocks : Xerox (XRX) -- Ignore unavailable to you. Want to Upgrade?

To: Patriarch who wrote (188)	12/25/1999 12:41:00 PM
From: Patriarch	Read Replies (2) \| Respond to of 431

Xerox Forms New Internet Business Group to Harness Value From Internet Technologies and Services STAMFORD, CT, Dec 23, 1999 -- Xerox Corporation today announced the formation of a new Internet Business Group to accelerate a number of the company's Web-based business activities and maximize the value of its portfolio of Internet-related technologies. "The Internet Business Group will amplify our key existing Internet activities and develop new e-business and e-service opportunities," said Rick Thoman, Xerox president and CEO. "It will also move swiftly to leverage Internet-related research within Xerox technology centers worldwide." Thoman named Michael Miron as president of the new organization. Miron previously served as senior vice president, Corporate Business Strategy and Development. The Group will enhance the Xerox website, www.xerox.com, to include additional interactive communications that more effectively establish relationships with customers and extend the range of services available on-line. The Internet Business Group will also pull together a suite of Xerox knowledge tools and technologies and make those tools available to partner companies, and raise outside capital with the intent of creating greater shareholder value. "The potential of Xerox' Internet-related technologies and capabilities is substantial," said Miron. "This focused effort will invigorate Xerox' on-line presence and create new business opportunities from the Web-focused invention and innovation of our research and development centers."