Xerox is a blue chip in the office-equipment sector there's still value money out there that needs to chase some depressed technology companies. Xerox is in a position where, if they can put together a good plan and start to rekindle its relations with Wall Street right now, you could see the stock go up from here.
More Quotes from Ben Reitzes:
I'm very cautious about companies that have too much exposure to copiers. We're trying to stay away from those who are not getting the printed pages and go with those that either sell software or the supplies to benefit this technology transition.Ben Reitzes
Obviously you're delivering in color but ... we're not seeing the leverage on the top line or the bottom line. I mean obviously a lower tax rate helped quite a bit in the quarter.
Ben Reitzes
I think Xerox has got a long way to go. The earnings performance and outlook are even worse than anticipated in the pre-release.
Ben Reitzes
Page volumes are migrating to printers. We get things via e-mail and we print them out. As much as Xerox is an American icon and a great brand presence, we don't use its machines as much as we used to.
Ben Reitzes
The bottom line is that the copier industry is transitioning faster than anyone anticipated. The disadvantages of a copier company heading into a networked, digital world are now being highlighted more than ever before.
Ben Reitzes
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