This Week in Canon "TWIC MFP Notes"

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Canon announced that an increase in sales of MFPs worldwide resulted in a 30% increase in earnings from that division.

- Canon’s CEO, Fujio Mitarai, announced that it won’t make a higher offer for the Oce’ shares that it does not already own. 10% of the shares are still held by investment firms that are hoping for a better offer.

- Canon announced the winner of its Business Leap competition.

o The contest was for the printshop with the best business plan to move into corporate and marketing communications (marcomm) sectors.

o Winners was Nassjotryckeriet of Sweden

o Prize was a free Canon imageRUNNER Advance C9070 production color system

- Canon has filed a complaint alleging that the government of Guam illegally awarded a copier bid to Xerox:

o Contract was given to Guam’s Department of Education

o Canon claims that contract was awarded without going out to competitive bid

o Claims that competitive bid would have saved $4 million

o Canon’s dealer in Guam is Island Business Systems and Suppliers

o Xerox is charging $133,000 per month

-=Good Selling=-