It gets worse. Xerox wants a consulting division, so they are planning to buy Affiliated Computer Services. If Dell and HP can buy consulting companies, why shouldn't Xerox?
Problem is, ACS is in the bottom 25 of worst places to work. (Entry #21). The former head of ACS left due to a back-dating-stock-options scandal, and as a part of his golden parachute, the ACS Board gave him a $1 million per year salary allowance for security services. He needs $1 million per year in bodyguards, and the Board gave it to him. Oh yeah, they are a class act with the utmost integrity.
And Xerox wants to marry them.
In my opinion, if you have Xerox stock, sell it. Sell it now.