Gary Waters will remain as our coach for the remainder of the season. Therefore, I will have no comment regarding a successor. From this point on, our focus will be on our team, and the remainder of our season.

We are aggressively implementing our cost-reduction plans, which will yield more than $1 billion in savings by the end of 2001, ... Since the third quarter of 2000, we have taken actions that account for more than one-third of this target, including the reduction of approximately 2,000 jobs worldwide in the fourth quarter. This activity will intensify with the reduction of 4,000 jobs in the first quarter and additional reductions through the balance of the year.

That is simply not true.

The future of the graphic communications industry is digital, and Xerox will continue to be the digital printing partner of choice. As new and traditional processes converge, we're building bridges between offset and digital printing, helping customers gain a competitive advantage with the right technology, the right workflow and the right business model.

The future of the graphic communications industry is digital, and Xerox will continue to be the digital printing partner of choice, ... As new and traditional processes converge, we're building bridges between offset and digital printing, helping customers gain a competitive advantage with the right technology, the right workflow and the right business model.

Life is but a momentary glimpse of the wonder of this astonishing universe, and it is sad to see so many dreaming it away on spiritual fantasy.