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Old 28-06-02, 12:26 PM   #9
greedy_lars
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Join Date: Dec 2000
Location: wlll come back around to you
Posts: 3,982
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"Hey I'm gonna get you too, Another one bites the dust"

Xerox Restates $6.4 Billion in Latest Mess
(Reuters) - Xerox Corp. on Friday said it would restate five years of results to reclassify more than $6 billion in revenues, an expected move in yet another scandal to batter confidence in Corporate America's accounting. The announced rattled investors, who were shaken by the revelation earlier this week by U.S. telecoms carrier WorldCom that it hid nearly $4 billion in expenses, and after several years of nagging questions about Xerox's accounting practices.

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