HP & Other Office Equipment Profits Plunge!

Special thanx to a Print4Pay Hotel member for this information:

- Canon reported its last quarter’s financials:

- Revenue down from 1 trillion yen to 700 billion yen
- Net income down from 107 billion yen to 17.7 billion yen
- Net sales down 31.8%
- imaging revenue down 35.1%
- operating earnings fell 63.8%
- printer sales down 41.9%
- cut its research & development spend from $808 million to $739 million
- Copier sales down 34.7%
- Profit down 63.8%
- forecasts that its operating margin will be only 5.1% compared with 12.1% last year

- Hewlett Packard gave out details of its second quarter fiscal
year performance:
- profits fell 17% to $1.7 billion
- sales dropped 5%
- currently has 321,000 employees
- will build a $260 data center in Colorado Springs,
will close a call center their that employs 800
- will build a call center in Rio Rancho, NM to employ 1,350
- overall, will let go of 6,400 employees to cut costs
- mandatory 5% cut in company wide salaries
- printer sales down 31%


- Fuji (maker of most Xerox products) reported its last quarter’s financials:

- Revenue down from 709 billion yen to 530 billion yen
- Operating income down 42.7%


- Lexmark reported its last quarter’s financials:

- operating profit down 40%
- revenue down 20% to $944 million
- printer/MSP sales down 30%
- announced it had won managed print services bids from
Boeing, Coca-Cola and Union Bank of California
- overhead will be cut by $47 million
- operating expenses cur by $32 million
- will close its Juarez, Mexico inkjet cartridge plant


- Epson reported its last quarter’s financials:

- Revenue declined from 310 billion yen to 216 billion yen
- Net income declined from a loss of 3 billion yen to loss of 123 billion yen
- Sales down 30.4%

- Peerless, maker of generic print controllers, announced its
last quaterfinancials
- Revenue declined from $9.3 million to $2.2 million
- Gross margin decreased from 65.2% to 30.3%

- Samsung announced its last quarter’s financials:

- Net income dropped 72%
- Revenue rose 9%


- Sharp reported its last quarter’s financials:

- Revenue was down from 3.4 trillion yen to 2.8 trillion yen
- Net income was down from 101.9 billion yen to a loss of 125 billion yen
- Copier sales down 14.4%

- Zoran, maker of generic print controllers, reported its last quarter’s financials:

- Revenue declined from $109 million to $68 million
- Net income declined from loss of $4.7 million to a loss of $21 million

- Brother reported its last quarter’s financials:

- Revenue fell 25% to $1.43 billion
- Posted operating loss of $39 million
- Printer sales down 20.4%

-=Good Selling=-