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

To: Dave Reed who wrote (72)	3/26/1998 12:14:00 PM
From: taxman	Respond to of 431

my $50 calls expired this past january. i had choice of selling or exercising. chose to sell, but option did not reach my limit price so i was forced to exercise. anyway here is latest. regards RESEARCH ALERT-Prudential ups Xerox target NEW YORK, March 26 (Reuters) - Prudential Securities said on Thursday it raised its 12-month price price target on Xerox Corp. to $120 per share from $105 per share and increased its target on Pitney Bowes Inc. (PBI - news) to $57 from $50 per share. -- Analyst Alex Henderson said in research note despite recent stock price run, Xerox valuation remains compelling relative to Standard & Poor's industrials. -- ''With a ramping new product cycle, a competitive advantage across the board versus the Japanese OEMs, a huge opportunity to ramp up in the retail channels and accelerating earnings growth and free cash flow, clear visibility and a realistic expection of cutting costs, we believe Xerox could trade at a market multiple,'' Henderson said. Copyright c 1998 Reuters Limited.