The price of Xerox falls at the beginning of the trading session in the United States after the publication of the results for the last quarter. Thus, the loss for the period amounted to 34 million dollars against 266 million dollars during the same period last year. Revenue fell to 0.5 billion dollars to 4.3 billion dollars. During the year the company has lost about a quarter of the capitalization and will likely continue to decline in the near future and medium term, despite the cost reduction program and investment in areas with greater profitability. We forecast a drop of 18-22% per annum until the end of the year.