While we do not like to 'react' to information, given where Xerox has opened - we just do not believe there is much upside, ... ...We are also particularly concerned about an 'unexpected' receivables problem in Mexico that should hit EPS this quarter by up to 6 cents per share. This development calls into question management's systems and controls.
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We still expect significant Mac growth long-term with 29 per cent unit growth forecast for fiscal year 2007.Benjamin Reitzes
This plan to consolidate manufacturing, cut operating expenditures, and freeze pensions seems like a bold step, in-line with our optimistic views for possible savings.
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