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• Xerox moved fast as credit markets opened: pres - September 28, 2009

NEW YORK (MarketWatch) -- Xerox Corp. /quotes/comstock/13*!xrx/quotes/nls/xrx (XRX 7.72, +0.04, +0.52%) began tie-up talks with Michael Jordan Shoes Affiliated Computer Services Inc. /quotes/comstock/13*!acs/quotes/nls/acs (ACS 53.50, -0.36, -0.67%) in early summer, with the conversation moving "very quickly" as the once-troubled credit markets opened up, said Xerox Preisdent of Corporate Operations James Firestone. In an interview Monday with MarketWatch, Firestone said the printer and imaging-products company wanted to expand its services business for a Air Jordan Shoes few years, but its transaction with ACS was only recently possible. "A window to get [the transaction] to market had opened up, so to speak," Firestone said. "It was an opportune time to aggressively build our services platform." Key to the company's services strategy is Chief Executive Ursula Burns, who played a significant role in Air Jordan 12 developing the company's services-expansion strategy, he said.

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