Xerox CFO Says, "Targeting $700M in Buybacks This Year and 100M Shares in 2012" (XRX)

Xerox XRX says, "will spend 70% to 80% cash on share buybacks in 2011... targeting $700m in buybacks this year, 60m - 70m shares... planning to buyback 100m shares in 2012... to use most available cash for buybacks over next 5 yrs."