“If you fail to fund the future, all you’ll be left with is a really lean company trying to churn old ideas into new business.”
–Xerox CEO Anne Mulcahy in the Fortune 500 issue, out this week. In a piece authored by Mulcahy she tells readers not to cut back on innovation: “In the cost-cutting discussions we’re having right now – and there are many – I remind my team that the next generation of technology and services will be born out of decisions we make at this unique moment in time.” The Street expects first-quarter earnings of 3 to 5 cents per share on $3.54 billion in revenue when Xerox reports before the bell tomorrow. –Jessica Shambora