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

To: praguepivo who wrote (300)	10/8/2000 11:42:24 AM
From: uu	Read Replies (1) \| Respond to of 431

What is truly surprising to me is the amount of cash they have at hand. According to Yahoo XRX has only about $120 million cash. I just can not believe how little they have in cash (unless of course Yahoo is wrong). With $15 billion in debt, only $120 million in cash XRX is doomed no matter how you think about it. A name is all they have left. My $7/shr (or about $5 billion valuation) assumption was before I came to know of the $120 million cash which if true, the valuation even at $5 billion is still way way too much as an ongoing business entity (IMHO of course). But again I sincerely hope I am wrong with my assumption of XRX having only $120 million in cash. Regards,

To: praguepivo who wrote (300)	10/9/2000 5:19:31 PM
From: ptanner	Read Replies (1) \| Respond to of 431

pivo, Re: Yield is outlooked at c6% for next year after the dividend is cut (probably halved). Xerox seems to have realized a 75% dividend reduction would help cash flow: Xerox Corporation's Board of Directors (NYSE: XRX - news), as part of a broader management plan to restore long-term value to shareholders and bondholders, today declared a quarterly dividend of 5 cents per share. Previously the company had paid a quarterly dividend of 20 cents per share. Full link: biz.yahoo.com I have considered XRX over the past year but fortunately never bought any. -PT