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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (21264)	10/10/2000 8:27:56 AM
From: Sergio H	Respond to of 29382

XRX news is out. Not exactly what we were looking for. Analyses from CNBC this morning: <XRX not moving too much after hours; a dividend cut illustrates a series of things - before the cut announced after the close, its yield was 7.66% When the stock was at 63 1 ½ to 2 years ago, the yield was about 1.5% The company conceded that it had an unsustainable business model; it was looking at a sale of assets and even reviewed the dividend level - the dividend is the first thing to go for a company as it is the least senior of the payments that are due The first thing to do is to slash the dividend; the company will be saving $400m and that's a good thing - it can keep that to improve its operations XRX down 0.06 at 10.69>

To: Ken W who wrote (21264)	10/10/2000 8:54:21 AM
From: Sergio H	Respond to of 29382

Ken, can't win them all. Regrets on XRX. WDC news a little better. <IRVINE, Calif., Oct. 10 /PRNewswire/ -- Western Digital Corp. (NYSE: WDC - news) has been awarded a multi-year contract with Microsoft Corp. (Nasdaq: MSFT - news) to supply hard drives for its forthcoming Xbox(TM) future-generation video game console, which is expected to begin shipping to retail outlets worldwide during the third quarter of 2001.> Sergio ps Got to give Mag some competition in the contest. :-)