'Fortune,' 'Computerworld' Name Xerox among Top Companies for Minorities, IT Professionals to Work.

STAMFORD, Conn. -- Xerox Corporation (NYSE:XRX) has earned recognition from two top publications this week for being one of the best places to work in the United States. E[acute accent]Xerox was named to Fortune magazine's list of "50 Best Companies for Minorities" and at No. 17 was the highest-ranking technology company. The company also was included in IDG Computerworld's "100 Best Places to Work in IT" annual ranking, moving up to No. 65 from No. 81 last year. E[acute accent]Both awards reflect Xerox's longstanding commitment to diversity and to fostering a top workplace environment. Xerox has been included on Fortune's list every year since it began seven years ago, and it is the eighth time in the past 11 years that the company has earned a Computerworld Best Places to Work ranking. E[acute accent]The 50 companies on Fortune's list "match a diverse workforce with diversity in their management ranks and on the board," the magazine reported Monday in its online coverage. "And they keep raising the bar." E[acute accent]To compile the Fortune list, which will be published in the June 28 edition, the magazine contacted the companies on the Fortune 1000 list as well as the 200 largest privately held companies. The rankings were derived from a model that weighs data-driven information such as the number of minorities in the work force and on the board, the rate at which minority employees are hired and fired, and management accountability for hiring, promotion and retention. Reporters also talked to employees to gain perspective. E[acute accent]Meanwhile, the Computerworld list, published in the newspaper's June 14 issue, is derived from taking nominations and then surveying the qualifying companies to identify those that were best at providing benefits, training and development, salary, bonuses and promotions, and employee satisfaction -- as well as promoting diversity and successfully retaining staff. All companies were also required to obtain employee feedback through a separate random survey. E[acute accent]"The most-desired benefits remained consistent in recent years," said Maryfran Johnson, editor in chief, Computerworld. "IT pros still want access to leading-edge technologies, training and flexible work schedules. But our Best Places companies often go beyond those measures to provide much deeper levels of job fulfillment." E[acute accent]Xerox views diversity as a critical business imperative and has several programs and policies to preserve and promote inclusion, both inside and outside the company. Among these are balanced work force initiatives, support of six independent employee caucus groups, a technical minority scholarship program for students pursuing degrees in engineering and technical fields, and a strong supplier diversity program. E[acute accent]The company also has long worked to help employees balance their personal and professional lives by offering a broad range of benefits, including health care, elder care, domestic partner benefits, and flex time, job sharing and telecommuting work options. In addition, the company offers tuition reimbursement of up to $10,000 per year, first-time homebuyer's assistance and adoption assistance.

E[acute accent]Customer Contacts:

E[acute accent]For more information about diversity and careers at Xerox, visit www.xerox.com/careers.

E[acute accent]Media Contacts:

E[acute accent]Kara Choquette, Xerox Corporation, 303-796-6420, [e-mail] E[acute accent]Jennifer Corrigan, Spectrum PR for Xerox, 732-382-8898, [e-mail]

E[acute accent]NOTE TO EDITORS: For more information on Xerox, visit www.xerox.com/news. XEROX(R), The Document Company(R) and the digital X(R) are trademarks of XEROX CORPORATION.