*NEWS*XEROX's CEO……INCREASING " G R E E N " FOCUS .

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*NEWS*XEROX's CEO……INCREASING " G R E E N " FOCUS .

 user 2008-05-28 at 3:29:49 pm Views: 42
  • #20274

    http://www.bizjournals.com/albany/stories/2008/05/19/daily40.html
    Xerox increasing “green” focus, CEO says at shareholders meeting
    Xerox
    Corp. is taking a number of steps to capitalize on what it sees as a
    $125 billion market opportunity, the company’s CEO said during its
    shareholder meeting yesterday in Greenwich, Conn.”Xerox has evolved
    into a services-led company that is known for innovation and customer
    focus,” said Anne Mulcahy, chairman and CEO of Xerox Corp. “We help
    manage the massive flow of information and communication in business
    today.”

    The company has added more than 100 products in the past three years to broaden its portfolio.
    She said Xerox (NYSE: XRX) has taken a number of steps to build shareholder value, including:
        * Reinstating a dividend;
        * Repurchasing $631 million of its stock last year and another $334 million in the first quarter of 2008;
       
    * Investing $1.6 billion in strategic acquisitions that are expected to
    broaden Xerox’s distribution and expand its document-related services
    and software portfolio.

    In 2006, Xerox acquired Amici LLC of
    Albany, N.Y., for $174 million to create Xerox Litigation Services.
    Xerox Litigation Services, based in Albany, offers electronic discovery
    and records management products.Mulcahy said Xerox is also increasing
    its environmental focus with its High Yield Business Paper, which needs
    half as many trees as needed to make conventional paper.Last month,
    Xerox reported a net loss of $244 million, or 27 cents a share, for the
    first quarter, compared with a gain of $233 million, or 24 cents a
    share, for the same period last year.The document company reported
    revenue of $4.3 billion for the quarter, up 13 percent from $3.8
    billion for the year-ago period.