Arts Publications

Topic: RSS Feed

(Xerox)

Print Action, Jun 2003

[Graph Not Transcribed]

XEROX CEO Anne Mulcahy announced a loss amounting to 10 cents per share for the first quarter of 2003, primarily because of a huge lawyer's bill amounting to US$183 million. This translated into a litigation charge of 25-cents per share. Excluding the charge, operating profit was US$118 million for the quarter. Sales for the quarter increased three per cent to US$3.8 billion, down slightly from the same period last year. Within its financial statements there was a noticeable decline in light-lens products but a sales increase in production colour systems such as the DocuColor series. Production colour installs were reported to have grown eight per cent in the first quarter, led by the 6060.

Copyright Youngblood Communications Co., Ltd. Jun 2003
Provided by ProQuest Information and Learning Company. All rights Reserved

 

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