Canon posts record profit as digital camera boom continues
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Japan's Canon Inc. said it posted a record profit for the three months to September due to strong overseas demand for digital cameras, especially in Europe, and revised up its full-year earnings forecast.
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Lexmark International Inc  on Tuesday posted a better-than-expected profit, helped by strength in printers aimed at the business market.
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Fourth-quarter earnings surged on higher revenue as the photo film manufacturer staked out a bigger position in digital photography.
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BUOYED by record revenue of $401 million for the first half of 2004 (up 8.8 per cent on the same period last year), Canon Australia has trotted out 28 new consumer imaging products and a new inkjet printer line called Pixma.
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LAS VEGAS  - This year you'll finally be able to get the digital camera you've always wanted, but couldn't afford. Popular digital SLR cameras from Canon and Nikon generally set you back around $1,000. But discounters will likely drive that down to $299 by year's end, says Chris Chute, an analyst at researcher IDC. That's just a tad higher than most people pay now for compact point-and-shoots.
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ExxonMobil (XOM:NYSE - news - research) stepped up to the plate Thursday with record-breaking profits that raced past Wall Street estimates.
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The Hewlett-Packard Company said yesterday that its profits rose 27 percent in the fourth quarter as revenues reached record levels across its business lines.
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The data storage vendor said second-quarter profit rose to $334.4 million as it recorded double-digit sales gains at its biggest businesses.
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Digital camera sales worldwide  will reach $24 billion in 2004 and rise 29 percent to reach $31  billion in 2009, a research group said on Thursday.
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Canon is a brand many consumers associate with digital cameras. But the company wants to remind business executives that it's still a major player in office products, and this week--via a &#36;30 million effort by DCA Advertising--it hopes to show business users how good they'll feel after using Canon Imaging Systems Group offerings.
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Canon may lead in SLR market share, but a J.D. Power study gives longtime rival Nikon and newcomer Sony higher customer satisfaction scores.
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The Nikkei average rose 1.06 percent on Monday and was on track to record its highest close in nearly a month, as Canon Inc.  and others with strong profit prospects rose after a Bank of Japan survey showed improved Japanese business sentiment.
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Eastman Kodak Co., boosted by the sale of a remote sensing business and gains in digital photography, recorded a sharply higher profit in the third quarter and beat Wall Street forecasts by a wide margin.
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Eastman Kodak Co. EK.N, the world's  top maker of photographic film, on Wednesday said its third  quarter profit rose, boosted by discontinued operations. Sales  were boosted by the weaker dollar and its key growth area of  digital photography.
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The profit is a record for Lehman Brothers and potentially augurs a good week for Wall Street earning reports.
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Japan's Sony Corp  posted a 5.8 percent rise in quarterly operating profit thanks to strong digital camera sales, and it cut its annual outlook.
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Canon Inc. , the world's top  camera and copier maker, said on Monday it will spend 30  billion yen ($253.5 million) on a research facility to develop  new factory automation and other technology to cut production  costs.