OUR PLAN TO ACHIEVE RS 1,000 CRORE REVENUE BY 2010 IS ON TRACK
Kirtika Suneja & Suvi Dogra,
Business Standard
Canon has been annually launching around 100 products in
Edited excerpts:
Canon
Konishi: Yes. The plans are on track and this year, we clocked sales of Rs 840 crore, 25 percent more than last year. In fact, in March-April, the sales increased 34 percent from last year. We are confident of achieving this target and expect around Rs 200 crore from the printer segment and Rs 250-300 crore from the camera segment.
We will see the copier segment grow from next year. The slowdown has not impacted the laser printer segment because of our marketing campaigns in both small and big cities and that increased our market share to 30 percent in this category. The inkjet segment, too, is growing, as that caters to the end consumer. The enterprise segment has been hit globally, but we do not invest much there.
What about your expansion plans?
Bharadwaj: A company can expand on three fronts — geographically, vertically and by adding more products. We are expanding geographically. Three years earlier, 80 percent of our revenues came from the top six cities; now these contribute 49 percent to revenues. Tier-II and Tier-III cities contribute 51 percent. On verticals, we are now concentrating on education, energy and power, as they are recession-proof. Lastly, launch of high-speed mono production digital press range shows we have entered into high-speed transaction in printing areas. Also, the government sector will become bigger. It is currently Rs 100 crore and has been flat for the last four months.
How important are marketing alliances at this point of time?
Bharadwaj: We already have alliances with system integrators like HCL, Lenovo and Zenith, among others, and also with service providers. However, now we will develop alliances with national retail chains like Croma and Jumbo. These will be high-level strategic alliances wherein some retail chains, who will be our preferred partners, will have exclusive rights to display and sell our products for some time. We are in talks with about 15 national chains and by 2010, expect to have relationships with them at different levels.
TATAS RETURN QUIETLY INTO IT HARDWARE SPACE WITH CROMA
May 18, 2009
The Times of India (Mumbai edition)
As quietly as it was possible, the Tatas have launched their own brand of IT hardware and laptops under its Croma brand. The launch is part of Croma’s strategy to boost its private label business. Labelled Croma laptops with pre-loaded operating systems, it is the only retailer to launch its own range of laptops. This is the second coming of the Tatas into the hardware space. In the late 1980s, the conglomerate had a JV with IBM, selling top end computers in
SEMICONDUCTOR INVENTORY BACK TO HEALTHY LEVELS
C Chitti Pantulu,
DNA
It may not yet be the time to uncork the bubbly but the smiles and optimism are definitely back in the global semiconductor industry.
Sitting on a pile of inventories for the past six months, fab owners and fabless chipmakers are heaving a sigh of relief with stocks moving faster on signs of a revival in various sectors that drive the industry.
Recent commentary from players across the spectrum -- chipmakers, equipment suppliers, industry bodies and analysts -- suggest the current semiconductor cycles could be bottoming out.
Though not out of the woods yet, statements by semiconductor companies and equipment suppliers post Q1 results indicate increased offtake.
For instance, new orders for semiconductor equipment supplier Applied Materials saw a $3.16 billion decline in backlog, a drop of nearly $1 billion sequentially.
Despite the weak earnings, the management gave an optimistic picture of the current scenario in a conference call.
Likewise, the world's biggest chipmaker Intel came out with positive comments on the cycle and kick off to Q2 sales. Though acknowledging IT demand was sluggish, AMD CEO Dirk Meyer observed the severe inventory corrections of the prior quarter have stabilised and should play out completely in the coming quarter.
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