Xerox Corporation’s CEO Anne Mulcahy told shareholders yesterday “We know that we have a long way to go, but there is no question we will succeed. We are well on our way.” She reiterated her commitment to returning Xerox to profitability in the fourth quarter and ‘building on that positive momentum into 2002’.
In addition to the sale of more than $2 billion in assets and achieving over 75% of its year-end $1 billion cost reduction target, Mulcahy said the company had strong offerings in two core areas, one based on Xerox technology and the other on services. The company will continue to develop advanced, connectable document devices and will also broaden its consulting and management services.
29-Aug-2001
