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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (267946)	6/28/2002 8:33:30 AM
From: Doug R	Read Replies (2) \| Respond to of 769670

Friday June 28, 6:15 am Eastern Time Reuters Market News Xerox Expects $2 Billion Revenue Restatement LONDON (Reuters) - U.S. office equipment company Xerox said on Friday it expected a revenue restatement of around $2 billion over the five year period between 1997 and 2001. "Xerox expects its revenues to be restated by around $2 billion over the five year period," spokeswoman Christa Carone told Reuters. She said she could not comment further after a Wall Street Journal story claimed the total amount of improperly recorded revenues over the five-year period from 1997 through 2001 could be more than $6 billion. Xerox is soon expected to file restated sales and earnings for the 1997 to 2000 period after the U.S. Securities and Exchange Commission found in April the company had improperly accounted $3 billion of sales and $1.5 billion of earnings over the four-year period. The company is busy restating its 2001 accounts according to a new methodology.