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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (176223)	6/28/2002 2:11:39 PM
From: Giordano Bruno	Read Replies (3) \| Respond to of 436258

It's all good... SG Cowen: Xerox restatement news is positive (XRX) By Michael Baron Xerox (XRX) is down 59 cents, or 7.4 percent, to $7.41, in afternoon action. SG Cowen is out with a research note on the embattled copier firm, saying that its restatement, while wider than previously anticipated, is a positive because the net effect will be to increase earnings in 2002 and 2003. The revenue restatement, according to Cowen, shifts $1.9 billion in sales into the post-2001 timeframe. The firm said it has "no good basis" for revising its 2002 and 2003 earnings estimates on Xerox until the company holds its conference call on July 25 and that it won't be able to set a rating until then. Of the stock, Cowen said the upside potential for the shares looks much better for the short- to intermediate-term, and that downside risk seems limited.