Xerox to unveil color copier laser printers

Article Abstract:

Xerox Corp introduces products for the color-copier and laser printer markets. The color-copier market currently is dominated by Canon Inc, a Japanese company, which sells the Canon Color Laser Copier. Canon's product is mostly used in copy shops. Xerox's new copier is said to be twice as fast as Canon's product, and Xerox's machine targets the office market. No price is yet given. One of Xerox's printers, the 4135, targets the high end of the market and will cost about $350,000. Another high-end machine, the 4850, incorporates a new two-color printing technology. These product introductions, which are seen as consequent to Xerox's heavy investments in research and development, are particularly significant, positioning Xerox for an anticipated surge in demand for office equipment. Nevertheless, some industry observers are concerned about Xerox, saying the company has yet to come to terms with the significance of the microcomputer in the automating office.

Office machines, not elsewhere classified, Computer peripheral equipment, not elsewhere classified, Office equipment and supplies industry, Office equipment industry, Product introduction, Computer peripherals industry, Laser printers, International competition (Economics), Color, Office Equipment, product announcement, Laser Printer, Photocopiers, Japanese Competition, Xerox 4135 (Laser printer), Xerox 4850 (Computer printer)

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Xerox to take pretax charge of $400 million; firm to write off funds in VMS Realty Partners; analysts praise the move

Article Abstract:

Xerox Corp will take a 1st qtr pretax write-off of $400 million in connection with investments in VMS Realty Partners, a Chicago real estate company. The write-off will include Xerox's entire $106 million equity stake in VMS; more than $250 in notes, interest and credit; and a small part of $200 million in secured financing held by Xerox Credit Corp. Xerox made its decision after seeing the results of an evaluation done by VMS and its financial advisers. Xerox does not anticipate further VMS-related write-offs. Analysts say this announcement 'closed the book on an embarrassing matter for Xerox.'

Computer and Office Equipment, Real estate investment trusts, Finance, Real estate industry, Companies, Stock, Real Estate, Financial Stability, First Quarter, VMS Realty Partners

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