One more technology company provides a good dividend yield. This company is Xerox with 2.7% dividend yield. The stock has the same dynamic as IBM, which I reviewed before. It dropped down more than 20% this year although grew up more than 100% over the last three years. XRX grew up more than 2.5% after Carl Icahn and related parties announced a 7% stake ownership in Xerox. 13-D filling describes that the purchase price ranged from $9.63 to $10.66. Xerox's financials and operating ratios are down and, if in the case with IBM this decline was about the currency fluctuations, here the problem is deeper. Revenue Xerox collects its revenue from a number of sources, two main of them are equipment sales and annuity revenue (outsource, maintenance and supplies). Revenue for nine months declined more than 7.5% compared to the same period last year. The same situation for three months, revenue dropped down more than 9.5%. The most important fact that you should know is that just half of such decline was due to currency fluctuations. Basically, I assume that the demand is going down. Everything moves to the Internet and as soon as most of Xerox's equipment is related to the offline. I don't see any reasons why the company should grow its revenue next year.Margins Both gross and EBITDA margin dropped down significantly, more than 3% both on LTM basis. The problem is that the revenue declined, but the company kept the same level of expenses as it had in 2014. If Xerox has the same trend in 2016, we'll see the significant decrease in marginality next year as well. Dividends As soon as the company's revenue is going down due to decrease in demand and the whole market conjuncture, the dividend yield could be reduced. Probably it's going to happen not this year, more likely I assume that it will happen in 2016. I am too conservative about the forecasts as usual, however, in this case I don't really see how the company can change the trend of decreasing revenue. Sooner or later, Xerox will need to acquire really big technological companies that could benefit from current company's equipment. I assume, that Internet of things is one of the ways the company can develop. Yes, the positive fact is that Carl Icahn bought the stock, it seems that this market guru found some important drivers for further growth. Do you know that reasons?