This Week in Xerox "TWIX Notes"

Gathered from Print4Pay Hotel Members from around the world and a few moles in very good places!

- Fuji of Japan announced that, for the third time in a row, it won the bid to supply the 12,467 locations of 7–Eleven convenience stores in Japan with a color copier. Details:
- 7-Eleven is the world’s largest retailer
- Japan represents 35% of the retailer’s locations
- First put copiers in its stores in 1982
- The install of new models will be completed in March 2010
- Based on the “Imari” color laser engine used in current Xerox labeled color MFPs
- Supports payment by debit and credit cards

- Former Xerox, CEO, Anne Mulcahy, announced she has joined the board of directors of Johnson & Johnson. She is also on the board of Target, Citigroup, and The Washington Post.

- ACS, a division of Xerox, announced it is adding 300 positions to its Lexington, KY office.

- Amcon, a Global/Xerox dealer, won the Allegheny County/City of Pittsburgh bid. Details:
- 310 each of 35ppm MFPs
- 210 each of 55ppm MFPs
- 16 each of 75ppm MFPs
- 7 each of 95ppm MFPs

- Xerox announced financial results for its last quarter:
- Total revenue down 16% to $3.68 billion
- Profit fell 52%
- Post sales revenue down 11%
- Total equipment sales down 29% to $802 million
- Color equipment sales down 31%
- Production equipment sales down 27%
- Color printer sales down 35%
- B/W copier sales down 44%
- Color copier sales down 25%
- Gross margin up to 39.8%
- Cash balance of $1.2 billion
- Debt reduction of $938 million
- Total debt of $7.4 billion
- Service annuities down 5%

- Xerox announced it sold an iGen3 production color system to Budco, a print for pay in San Diego, CA. Budco’s biggest account is Ford Motor Company, which uses the iGen3 to produce full color, variable data postcards to increase sales. It claims that a recent mailing increased sales of its extended service plans by 35%, a 6% increase over mailers that were not personalized.

- Xerox is holding a forum for the healthcare industry to discuss electronic records management. The “Healthcare Thought Leadership Workshop” is being held 11/3-4/09 at the Gil Hatch Center in Webster, NY.

-=Good Selling=-