Xerox the Consistently Underrated

Despite the impression its low share price may convey,Xerox is both a services and a technology company.The company has been using data to broaden the solution set that we have,said CEO Ursula Burns.We see uptick in the developing economies;while in America,we started to see growth in large enterprises.Europe is totally uneven.We're still profitable there.Uncertainty is one of the worst things you can have for business,and we certainly have that in Europe right now.The prospects for growth in Europe are high for our services business.They will need to engage.They can't be in austerity forever.Most of our contracts are written;83% of our business is an annuity business,so I think we're gonna be O.K.As those contracts come to fruition,we will be able to progress to a strong margin base.Initial public offerings are as much media events as they are real events.Facebook will settle in and become a normal trading company.They will have to get women and diversity on the board,or it will hurt them,Ms.Burns observed. Xerox is trading at well below book value,and paid a 2.4% dividend as of the close of trade on Friday. Xerox(XRX)