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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (49260)	4/1/2002 12:55:11 PM
From: Jim Willie CB	Respond to of 65232

Xerox ball & chain, a dark rickety house with 2-foot ceiling talk about an aging mangey dog with fleas PEratio is 4x growth rate debt levels are about 5-6x their mktcap (from memory) this empty shell is a walking cadaver one of the venerable Dow stocks bury it while the funeral costs are low / jim SEC Slaps $10 Million Fine on Xerox By Justin Lahart 04/01/2002 12:37 PM EST Associate Editor, theStreet.com Xerox (XRX:NYSE - news - commentary - research - analysis) agreed Monday to pay a $10 million civil penalty and restate earnings since 1997 to settle a looming Securities and Exchange Commission suit over accounting practices. Xerox said it started settlement talks after the agency's enforcement arm made a preliminary decision to recommend an enforcement action regarding the company's 1997-2000 financial statements. Xerox said it would seek an extension of up to 90 days to file its restatement and its 2001 10-K report. The deal, which is subject to the full commission's approval, would put to rest an investigation the agency began in 2000 amid allegations that Xerox's Mexican operations had overstated revenue by using improper lease accounting. The SEC told Xerox its revenue-allocation methodology for certain contracts did not comply with the Statement of Financial Accounting Standards No. 13. Xerox said Monday that under the proposed settlement, the company "would neither admit nor deny the allegations of the complaint, which would include claims of civil violations of the antifraud, reporting and other provisions of the securities laws." Xerox said the restatement could involve the "reallocation" of up to $2 billion in equipment sales revenue and "adjustments that could be in excess of $300 million" regarding certain reserves. But "the resulting timing and allocation adjustments cannot be estimated until the restatement process has been completed," Xerox said. -end-

To: Mannie who wrote (49260)	4/1/2002 1:19:29 PM
From: TimeToMakeTheInvs	Read Replies (1) \| Respond to of 65232

Speaking of art, what did ya'll do with abstract? Haven't seen him around in a good while. Guess I pick Maryland <g>. tim

To: Mannie who wrote (49260)	4/1/2002 2:31:57 PM
From: Murrey Walker	Read Replies (1) \| Respond to of 65232

...how much do you expect to be shooting? We're spending three weeks. One in Ireland, two in Scotland. While, I've been to both countries before, the camera is just as important to me as it was the last trip. I bought two 256 flash cards and with a "fine" resolution, I can get about 170 shots from each card. While I can't tell you exactly what the size of the JPEG is, its more than adequate for a 8 x 10 print. Possibly even larger. I fully expect to come home with both cards full of images.