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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (87786)	6/28/2002 5:50:04 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

XEROX now blowing up into a possible major scandal. <<Reuters Company News Xerox dives on WSJ improper accounts report LONDON, June 28 (Reuters) - Shares in U.S. office equipment maker Xerox Corp slid 25 percent in Europe on Friday after a report in the Wall Street Journal Online that the company improperly booked revenue over the past five years. The shares traded at $6 over the Instinet electronic brokerage system, sharply down from New York's $8 closing on Thursday. The WSJ report said a new Xerox audit found that the company improperly accelerated far more revenue during the past five years than the SEC estimated in an April settlement.>> biz.yahoo.com