Christa Carone
Christa Carone
announced customer found fully information internal position problems provide related release thorough unexpected weeks
We found some unexpected problems related to our customer receivables in Mexico, which we announced two weeks ago, and we have launched our own thorough internal investigation. We are fully cooperating with the SEC and will be in a position to provide more information when we release second-quarter earnings.
agreement issues principle xerox
Xerox has an agreement in principle with the SEC that effectively resolves Xerox's outstanding issues with the SEC.
continue employees honolulu local offices safety work
We have evacuated all of our local offices in Honolulu and continue to work with our employees on maintaining their safety and security.
complete expect later
We expect to complete the negotiations no later than the end of June.
case couple excessive ordering
This is not a case of someone going to Amazon.com and ordering a couple of books. This was really, really excessive misuse.
believe reason required scenario
That was actually just a worst-case scenario we were required to put in (the filing). We have no reason to believe that will be the case.
along concerned denied issues xerox
They were concerned about one of the issues in the contract, but all along Xerox denied any wrongdoing.
factors impact overall start
As other factors are implemented it will start to have an impact in overall employment.
absolutely discuss precise premature
It is absolutely premature to discuss a precise number. We have not disclosed a precise number.