XEROX'S CASH FLOW MACHINE

摘要

On The Surface Xerox Corp. smells a lot like its Nifty 50 brethren, once hotter-than-the-sun but-now-bankrupt Eastman Kodak Co. and Polaroid Corp. Its stock has gone nowhere since forever. But Xerox was not your typical overvalued blue chip of the 1990s, like Cisco Systems, Johnson & Johnson and Micro soft Corp., whose earnings have tripled or quadrupled since then-the kind of stocks I have advocated in this column. Xerox was very pricey in the late '90s, but its revenue and earnings per share have since declined. And to make matters worse, printing and copying is just so analog, so last century.