Benjamin Reitzes Quotations
Benjamin Reitzes Quotes about:
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Ahead Quotes
Xerox had ample opportunity in its release to comment on third-quarter results, but obviously opted not to do so. At present, we believe cost cutting is likely ahead of schedule and our estimate for third quarter 2003 remains a loss of 11 cents per share on a 15 percent revenue decline.
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Believe Quotes
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.