Xerox 2007 Annual Report Download - page 53

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Xerox Annual Report 2007 51
International operations
We are incorporating by reference the fi nancial measures by geographical area for
2007, 2006 and 2005 that are included in Note 2-Segment Reporting in the Consolidated
Financial Statements in our 2007 Annual Report. See also the risk factors entitled “Our
business results of operations and fi nancial condition may be negatively impacted by
economic conditions abroad, including fl uctuating foreign currencies and shifting regulatory
schemes.” in Part 1, Item 1A of our 2007 Form 10K.
Backlog
We believe that backlog, or the value of unfi lled orders, is not a meaningful indicator of
future business prospects because of the signifi cant proportion of our revenue that follows
equipment installation, the large volume of products we deliver from shelf inventories,
and the shortening of product life cycles.
Seasonality
Our revenues are affected by such factors as the introduction of new products, the length
of the sales cycles, and the seasonality of technology purchases. As a result, our operating
results are diffi cult to predict. These factors have historically resulted in lower revenue in
the fi rst quarter than in the immediately preceding fourth quarter.
Other information
Xerox is a New York corporation, organized in 1906, and our principal executive offi ces are
located at 45 Glover Avenue, P.O. Box 4505, Norwalk, Connecticut 06856-4505.
Our telephone number is (203) 968-3000.
On the Investor Information section of our Internet website, you will fi nd our annual
reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and any
amendments to these reports. We make these documents available as soon as we can after
we have fi led them with, or furnished them to, the Securities and Exchange Commission.
Our Internet address is http://www.xerox.com.