Xerox Scores Kinko’s $290-Million Order

Photocopier maker Xerox Corp. said it won an order from Kinko’s Inc. for printers and services valued at $290 million, which the company said is its biggest contract from a commercial customer. Closely held Kinko’s, based in Ventura, ordered high-volume digital printers, less sophisticated black-and-white printers, supplies and services for about 1,000 Kinko’s outlets worldwide. Kinko’s stores sell time on personal computers with high-speed Internet connections, fax machines and printers, and offer other office services to consumers, small businesses and larger companies that hire out document processing. The agreement was announced in an internal company memorandum obtained by Bloomberg News and confirmed by Stamford, Conn.-based Xerox on Monday. Xerox shares fell 69 cents to close at $19.13 on the NYSE.