"TWIX" This Week in Xerox!

- Xerox gave out more details on its last quarter’s financials:
- Revenue down 18%
- Production equipment revenue down 26%
- Production post sale revenue down 15%
- Color equipment revenue down 25%
- Color post sale revenue down 10%
- Developing market revenue down 53%
- Office segment equipment revenue down 31%
- Office segment post sale revenue down 12%
- 85% growth in MIF of segment 1 b/w MFPs
- Plans to cut transportation costs by $100 million
- Will reduce costs by $100 million by instituting hiring freeze, no salary increases and
suspension of 401K match
- Will also reduce travel and trade show costs by $100 million

- Xerox announced the sale of a 700 Digital Color Press and a 4112 high speed b/w system to PMT Digital print shop.

-=Good Selling=-