Xerox 2008 Annual Report Download - page 21

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Research and Development
Our R&D is strategically coordinated with Fuji Xerox, which
invested $788 million in R&D in 2008, $672 million in 2007
and $660 million in 2006.
Investment in R&D is critical for competitiveness in our fast-paced
markets where more than two-thirds of our equipment sales are
from products launched during the past two years. Research
activities are conducted in the United States, Canada and Europe –
often in collaboration with Fuji Xerox Co., Ltd. (“Fuji Xerox”).
Our R&D drives innovation and customer value by:
• Creating new differentiated products and services;
• Enabling cost competitiveness through disruptive products and
services;
• Enabling new ways to serve customers and
• Creating new business opportunities that drive future growth
and reach new customers.
R,D&E expenses
(in millions)
$884
$134
$750
’08
$912
$148
$764
’07
$922
R&D
$161
$761
’06
Sustaining Engineering
To ensure our success, we have aligned our R&D investment
portfolio with our growth initiatives of accelerating the transition
to color, enhancing customer value by building on our services
leadership and by driving the New Business of Printing . 2008 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 iGen family, advanced next-generation digital
printing presses that produce photographic-quality prints
indistinguishable from offset, the Xerox Nuvera 288 Digital
Perfecting System which 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 office are examples of the type of breakthrough technology
we have 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.
Xerox 2008 Annual Report 19