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Business Description
Xerox Corporation is engaged in the document management business, offering an array of document products, services and solutions. The Company has expertise in the production and management of documents: color and black-and-white, digital and paper, across networks or on a desktop, in a commercial print facility or a quick-print shop, for the small office or the global enterprise. Xerox and its joint venture partner, Fuji Xerox Co. Ltd. of Japan, offer a broad range of document products, services and solutions. These include digital imaging devices, laser and solid ink printers, fax machines, document-management software and supplies, such as toner, paper and ink. Its solutions help businesses print books or create personalized documents for their customers. Xerox offers a range of comprehensive document-management services, such as running in-house production centers, developing online document repositories or analyzing how customers can create and share documents in the office.

Financial Information
Xerox Corp. is engaged in the global document market, providing document solutions that enhance business productivity, including digital publishing, printing and copying equipment, and light-lens copiers and duplicators. For the six months ended 6/30/02, total revenues fell 9% to $7.81 billion. Net income before acct. change fell 63% to $47 million. Results reflect lower equipment sales due to the exit from the SOHO business and the absence of Fuji Xerox sale gains.