Thursday, January 29, 2009

Rewriting in the UK.

Xerox fourth quarter barely profitable - 25 Jan 2009 - Computing:
"Xerox has reported a very disappointing fourth quarter, turning in just $1 million in profit.

The company said that restructuring costs, weakness in developing markets and currency fluctuations were responsible for the disappointing quarter, but that overall results for the year were good.

“In the fourth quarter, the continued weakening economy and rapid shift in exchange rates put pressure on the business"

It's nice to see that we don't have the monopoly on "then news."

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