Konica Minolta Wins IT Innovation Award at Everything Channel's Print & Imaging Summit

Konica Minolta Business Solutions U.S.A., Inc., a leading provider of advanced imaging and networking technologies for the desktop to the print shop, have announced that it has won a 2009 Print & Imaging IT Innovation Award in the Hardware category as awarded by Everything Channel at the Print & Imaging Summit in Los Angeles on December 6-8, 2009.

The Print & Imaging Summit offers a uniquely interactive forum that brings technology vendors, industry analysts as well as office and production print executives together to help them take a critical look into the technology expertise required to remain relevant and valuable in the printing and imaging market.

"Konica Minolta is honored to be selected as the top hardware solution manufacturer by industry executives and decision makers attending this one-of-a-kind industry event," said Kevin Kern, Senior Vice President, marketing, Konica Minolta Business Solutions U.S.A., Inc. "This recognition further supports our company vision to ensure our customers can count on Konica Minolta to meet all their document and workflow management needs. By offering innovative and leading industry products and solutions, we look to continue being a leader in the industry in 2010 and beyond."

The Print & Imaging IT Innovation Awards are the only industry awards voted on solely by the attending print executives. Winners were selected by attendees from among exhibiting manufacturers based on products and solution offerings showcased at the event.

For more information on the Print & Imaging Summit, visit: http://www.everythingchannelevents.com/pim09.

Original Source: Konica Minolta Wins IT Innovation Award at Everything Channel's Print & Imaging Summit

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Canon Releases FY 2009 Results; Net Profits Down More Than 50 Percent

Canon released its FY 2009 results Wednesday, showing a net profit down 57 percent over the previous year. However the company reported moderate recoveries in the second half of 2009, leading the company to anticipate a more positive 2010.

Partly to blame were sluggish laser printer sales, as well as decreased demand for multifunction devices, together with a dismal 2009 global economy and the appreciation of the yen. Net sales for the year totaled 3,209.2 billion yen (U.S. $34.883 million), a year-on-year decline of 21.6 percent, mainly due to the effects of reduced sales volumes of office products throughout the year, said the report released by Canon.

Looking at specific product segments, the report stated that demand for office equipment decreased, sales of network digital multifunction devices remained low, and demand for laser printers decreased substantially compared with 2008. However inkjet printers were said to display a healthy growth in sales in Asia and the Americas in spite of an overall sluggish market. The Chinese market in particular is expected to be increasingly important to Canon.

Lyra analysts, speaking at the 2010 symposium, said Canon remains, along with HP, the healthiest of the OEMs.

Canon's projections for 2010 are optimistic, with a projected year-on-year increase of 7.5 percent in net sales, 41 percent increase in laser shipments and 5 percent in supplies.

Original Source: Canon Releases FY 2009 Results; Net Profits Down More Than 50 Percent

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