The Japanese headquarters of Canon just presented its quarterly financial results and they show profits going down by 88% for the quarter. Obvioulsy, copiers and printers are hit hard by the economic crisss. But despite the grim look of these figures, this is relatively good news (or better than the worse of the worst, maybe).
For 2009, Canon indicated it expects to see sales plumetting by 5%, but still corrects its current 2009 outlook for operating profits for better figures.
Stock shares of Canon are recovering nearly 40% since their lowest point in March. That is evidence that analysts and investors and more and more confident now.