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Friday, November 13, 2009
Wednesday, November 11, 2009
Canon Down 54%, Ricoh Down 69%, Xerox Down 50% - Profits? We Don't Need No Stinkin Profits...
The third quarter was not kind, here are some numbers:
Canon operating profit was down 54% year-over-year and sales down 22%
Ricoh profits were down 69%, and
Xerox profit was down a little over 50 % and sales by nearly 20%.
Konica Minolta and Kyocera also reported fall-offs in profit and have readjusted their expectations for the year and have lowered profit predictions considerably.
I don't know about you, but I can not think of too many businesses that can survive these kind of numbers.
Thank goodness "O" can't get a hold of these...wait, is Xerox "too big to fail?" -
Stunning.
Absolutely stunning.
Here.
Friday, November 6, 2009
The New Document Management and The Help Desk
It's funny.
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