"TWIC" This Week in Canon

Canon announced it has replaced two Xerox iGen3 production color systems. Go To Digital, a printshop in Laurel, MD, replaced the two Xerox units with two new Canon imagePRESS C7000VP systems.

- Canon announced that it is lowering its profit target for 2009 by 75% due to declining demand for its products, and the loss of DANKA and IKON distribution. It does however expect revenue to grow by 6% in 2010. Chairman, Fujio Mitarai, stated that “We will continue to aim for the top 100 status, but we are not sure if e can achieve that in 2010” in regards to his quest to make Canon one of the 100 largest companies in the world.

- Canon announced it has placed other imagePRESS C7000VP production color systems, this time at Ron’s Printing Center in Longmont, CO, and Copresco Printing of Chicago, according to Dennis Griff, Senior Director for Production Print for Canon.

- Canon has launched programs to aggressively assist its dealers go after the IKON/Canon machines in field:
- “Canonball” program provides a check to end user to cover up to 9 monthly IKON lease payments to make it easier to upgrade to a new Canon from the Canon dealer.
- “Double Stretch Your Dollar’s program provides up to $8000 to upgrade a Ricoh product to Canon

The information above is a quick review of copier/MFP industry news from various trade publications.

-=Good Selling-=