Xerox 2007 Annual Report Download - page 46

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44
To ensure our success, we have aligned our R&D investment portfolio with our strategic
planks: accelerating the color transition, driving the “New Business of Printing®”,
enhancing customer value by leading with services and expanding our participation
in the SMB market. 2007 R&D spending focused primarily on the development of high-
end business applications to drive the “New Business of Printing®”, extending our color
capabilities, expanding our services offerings and delivering lower-cost platforms and
customer productivity enablers. The Xerox iGen3, an advanced next-generation digital
printing press that produces photographic-quality prints indistinguishable from offset,
the Xerox Nuvera 288 Digital Perfecting System that boasts the fastest (288 duplex
impressions per minute) digital duplex monochrome cut-sheet printer in the industry
and Xerox’s proprietary Solid Ink technology for the offi ce are examples of the type of
breakthrough technology we developed and that we expect will drive future growth.
Sustaining engineering expenses, which are the hardware engineering and software
development costs we incur after we launch a product are included in our R,D&E expenses.
We are incorporating by reference the amounts spent for research, development and
engineering for 2007, 2006 and 2005 that are included in Note 1-Summary of Signifi cant
Accounting Policies in the Consolidated Financial Statements in our 2007 Annual Report.
Our business
Our R&D is strategically coordinated with that of
Fuji Xerox, which invested $672 million in R&D in 2007,
$660 million in 2006 and $720 million in 2005.