XEROX DECIDES TO CUT HOSPITALITY AROUND PHOENIX GOLF EVENT

          The "financially troubled" Xerox is "pulling up stakes
     on its elaborate corporate tent" at the Phoenix Open as part
     of "its massive cost-cutting effort," according to Peter
     Corbett of the ARIZONA REPUBLIC.  But Xerox spokesperson
     Carl Langsenkamp said that the company will continue its
     role as presenting TV sponsor of the January event.  Xerox
     entertained as many as 500 people a day at the 2000 event in
     a 5,000-square-foot tent.  Corporate tents at the Phoenix
     Open cost up to $75,000, plus catering and decorating costs. 
     Corbett writes that Xerox is "struggling" against "stiff"
     marketplace competition, and was forced to dispel "rumors"
     of bankruptcy on Friday (ARIZONA REPUBLIC, 10/18).