Xerox resets with lower expectations

For three reporting quarters in a row Xerox has missed forecasts it set itself, now it is taking a realistic attitude accepting a higher rate of sales decline for the year. Xerox looks certain to be hit by a class action law suit after the company announced a post quarter impairment charge of $1.1 billion […]

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Baltoro, Bronstein Gewirtz & Grossman, iGen, Iridesse, ITsavvy, Steve Bandrowczak, Versant, Xerox

Xerox may now face a class action law suit for reassessing the value of goodwill on its books, something which wipes more than $1 billion from the value of the business.

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Xerox contends with declining sales
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