Shares of Stamford, CT-based Xerox jumped 3% in morning trading after the company announced a 17% increase in 1Q profits. Investors, possibly expecting the company to disappoint after a cut in its outlook in late February, were happily surprised by the news. April has been a busy month for the company, what with the $1.5bn purchase of Global Imaging Systems and all, but the rest of 2007 is still an open book. Are we seeing a reemergence of "The Document Company", or is the recent string of expensive acquisitions and the tough search for new customers going to make 2007 a tough sell?
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