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Course, Xerox posted nice gains today. Guess Pupulva missed that one. Also, a small, but important, ruling on internet music as I mentioned.

So, that makes what? Five out of seven days up? 1300 points?

"Course, Xerox posted nice gains today."

Do you even read these company reports?:

Financials - Xerox Corporation (NYSE:XRX)

As of 11-Oct-2002

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Xerox Corporation Quarterly Balance Sheet	Display Annual Data
More filings for Xerox Corporation available from EDGAR Online. Get a Free Trial to EDGAR Online Premium

Income Statement		Balance Sheet		Cash Flow Statement

Period Ending	Jun 30, 2002	Mar 31, 2002	Dec 31, 2001	Sep 30, 2001
Current Assets
Cash And Cash Equivalents	$1,891,000,000	$4,747,000,000	$3,990,000,000	$2,427,000,000
Short Term Investments	N/A	N/A	N/A	N/A
Net Receivables	$7,016,000,000	$7,047,000,000	$7,246,000,000	$6,822,000,000
Inventory	$1,245,000,000	$1,283,000,000	$1,364,000,000	$2,114,000,000
Other Current Assets	N/A	N/A	N/A	$1,409,000,000
Total Current Assets	$10,152,000,000	$13,077,000,000	$12,600,000,000	$12,772,000,000

Long Term Assets
Long Term Investments	$5,600,000,000	$6,177,000,000	$6,388,000,000	$7,157,000,000
Property Plant And Equipment	$2,503,000,000	$2,591,000,000	$2,803,000,000	$2,099,000,000
Goodwill	$1,559,000,000	$1,482,000,000	$1,445,000,000	$1,525,000,000
Intangible Assets	N/A	$4,428,000,000	$4,453,000,000	$3,478,000,000
Accumulated Amortization	N/A	N/A	N/A	N/A
Other Assets	$5,203,000,000	N/A	N/A	N/A
Deferred Long Term Asset Charges	N/A	N/A	N/A	N/A
Total Assets	$25,017,000,000	$27,755,000,000	$27,689,000,000	$27,031,000,000

Current Liabilities
Accounts Payable	N/A	$1,475,000,000	$1,428,000,000	$1,430,000,000
Short Term And Current Long Term Debt	$3,904,000,000	$6,704,000,000	$6,637,000,000	$2,696,000,000
Other Current Liabilities	$3,256,000,000	$1,630,000,000	$2,195,000,000	$2,251,000,000
Total Current Liabilities	$7,160,000,000	$9,809,000,000	$10,260,000,000	$6,377,000,000
Long Term Debt	$10,354,000,000	$10,712,000,000	$10,128,000,000	$13,380,000,000
Other Liabilities	$3,285,000,000	$1,243,000,000	$1,233,000,000	$1,224,000,000
Deferred Long Term Liability Charges	($135,000,000)	$1,919,000,000	$1,883,000,000	$1,601,000,000
Minority Interest	$78,000,000	$75,000,000	$73,000,000	$76,000,000
Negative Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$20,742,000,000	$23,758,000,000	$23,577,000,000	$22,658,000,000

Stock Holders Equity
Misc Stocks Options Warrants	N/A	N/A	N/A	N/A
Redeemable Preferred Stock	$1,694,000,000	$1,691,000,000	$1,687,000,000	$686,000,000
Preferred Stock	$573,000,000	$593,000,000	$605,000,000	$613,000,000
Common Stock	$729,000,000	$2,634,000,000	$2,622,000,000	$719,000,000
Retained Earnings	$1,078,000,000	$985,000,000	$1,031,000,000	$3,105,000,000
Treasury Stock	N/A	N/A	N/A	N/A
Capital Surplus	$1,930,000,000	N/A	N/A	$1,861,000,000
Other Stockholder Equity	($1,729,000,000)	($1,906,000,000)	($1,833,000,000)	($2,611,000,000)
Total Stockholder Equity	$2,581,000,000	$2,306,000,000	$2,425,000,000	$3,687,000,000
Net Tangible Assets	$1,022,000,000	$824,000,000	$980,000,000	$2,162,000,000

More filings for Xerox Corporation available from EDGAR Online. Get a Free Trial to EDGAR Online Premium
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"Xerox skips past Q3 earns expectations (7:37 AM ET) Xerox's(XRX: news, chart, profile)third quarter earnings skipped past Wall Street expectations as margins increased and costs declined. Net income for the quarter ending September was $105 million, or a nickel a share, versus a loss of a nickel a share in the year-earlier a period. Excluding restructuring charges, earnings were 11 cents a share. Total revenue declined 6 percent to $3.79 billion. The results compare with the average analyst forecasts compiled by Thomson First Call of earnings of 2 cents a share and revenue of $3.82 billion. Looking ahead, the copier maker believes economic uncertainty to continue, but expects revenue to remain on a positive trend due to "significant" equipment sales improvement resulting from new product launches. The stock closed Tuesday down 28 cents at $6.70."

Yep, looks like a good investment to me (sarcasm off)...

Here's more (hope I'm not overloading your reading capability:

"The company's net earnings were $105 million, or 6 cents a share, reversing a net loss of $32 million, or 5 cents, in the year-ago quarter.

Revenue fell 6 percent, to $3.8 billion from the prior year's $4.05 billion, as Xerox targeted businesses likely to generate earnings, and de-emphasized those that showed little promise of profit.

The company took restructuring charges of $63 million on a pre-tax basis and 6 cents after taxes in the latest quarter.

Adjusted for one-time items in both reporting periods, Xerox's per-share earnings improved to 11 cents from 1 cent in the year-ago third quarter.

Analysts surveyed by Thomson Financial/First Call had been expecting the Stamford, Conn.-based company to earn 2 cents in the latest quarter.

Gross margin underscored Xerox's better quarterly performance, standing at 42 percent in the latest quarter compared with the prior year's 37.6 percent and 42.5 percent in this year's second quarter.

Mulcahy didn't hold much back on her hopes for the fourth quarter and for 2003.

She said management is comfortable with Wall Street's consensus forecast for the quarter -- analysts are looking for a profit of 9 cents, on average. She predicted that Xerox's revenue would "continue to trend positively," yielding "strong full-year profitability."

Mulcahy also said she sees Xerox "in a lot stronger position going into 2003" as contributions from new products kick in.