Xerox has successfully resolved the accusation of SEC 4 month and pay a $ 10 million civil fines, the highest in history for a company on charges of violating financial reporting. Xerox today announced first quarter 2001 net income was 227 million, losses in the second quarter was 101 million, third quarter losses of 32 million and 165 million fourth quarter losses. Annual losses of this company is still 70 million USD.------------
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