This Week in Xerox "TWIX Notes"

- Xerox reported financial results from its last quarter:
o Includes ACS, which Xerox acquired for $6.4 billion
o Total revenue of $5.43 billion, up 48%
o Profit of $250 million, up 103%
o Laid off 100 employees during quarter
o Projects spending $400 million on restructuring, as it will lay off 2,500 more employees
o Has 133,000 total employees currently (76,500 in the ACS division)
o Paid off $1billion in debt, with $9.5 billion remaining
o Predicts debt will be reduced to $8 billion by end of 2011
o iGen3 & iGen4 production color installs up 54%
o Nuvera production b/w installs up 2%
o 13% increase in equipment sales
o 5% increase in supply sales
o Finance income dropped 10%

- Xerox announced it won a managed print services and business process outsourcing contract from Ingersoll Rand.

- Are Star Trek fans disappointed? Xerox has renamed their desktop A4 color wax printers. Formerly known as Phaser, which was name of weapon on the old science fiction TV and movie series, the printers will now carry same name as the floor-standing A3 color wax MFPs, called ColorQube. The ColorQube 8570 and 8870 desktop color A4 wax printers will replace the Phaser 8850 and 8860 models, offering a top speed of 40ppm. The Phaser name will still be used by Xerox color desktop models that use laser/LED and toner technology.

- Xerox announced it has developed a video camera that could be installed on school buses to catch bad drivers. The “CrossSafe” cameras would take high quality images of vehicles that could be in violation of traffic laws by passing the blinking stop sign arm on buses. Xerox’s ACS division announced it won a contract to install them on street sweepers in the City of Chicago.

-=Good Selling=-