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

To: Yogizuna who wrote (297)	10/4/2000 5:09:42 PM
From: ms.smartest.person	Read Replies (2) \| Respond to of 431

Xerox has to sell the farm NEW YORK 2000-10-05 00:28:25 In an extraordinary confession of weakness, Xerox Corp chief executive officer Paul Allaire told investors yesterday that the company had an "unsustainable business model", and would sell assets to improve its balance sheet. Mr Allaire declined to be specific, but analysts said likely sale candidates included Xerox's vast financing operations; its 50 per cent interest in Fuji Xerox; and Xerox's low-end inkjet and copier business. Although a sale of all of these assets is not thought to be likely, these three pieces of the company alone are thought to be worth $US5-8 billion ($A9.3-15 billion) - a sizeable figure considering that the company's stockmarket valuation is $US8 billion. WALL STREET JOURNAL This story was found at: theage.com.au Yogi, we have to stop meeting like this - Merry