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Technology Stocks : Xerox (XRX) -- Ignore unavailable to you. Want to Upgrade?

To: NCKEV who wrote (47)	11/23/1997 8:31:00 PM
From: taxman	Read Replies (2) \| Respond to of 431

''The stock [Xerox] has been buffeted regarding concerns over Brazil over the last two weeks,'' said Jack Kelly, managing director at Goldman, Sachs. He said that more than 10 percent of Xerox Corp. earnings derived from Brazil, and that the market had over-reacted when Brazil hiked interest rates three weeks ago. Kelly said that Brazil's surprising cut in the prime lending rate Thursday helped investors realize that earlier jitters over Xerox in that country had been overdone. Another analyst added that his firm's price target for Xerox was about $105, and that there was no fundamental reason for the stock's recent weakness. Xerox officials could not immediately be reached for comment Copyright c 1997 Reuters Limited -------------------------------------------------------------------------------- if you're back in, hope this helps. regards