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All I can say that purchasing Xerox 700 was one of the biggest mistakes of my career and set our business a year back in time. However, we are a demanding user, printing a lot of full color full coverage items. If you need the unit to print text with some color pic only and prefer lightweight papers, I guess it will probably do the job (on uncoated stock only).
Good points. But if you're doing text with some color on regular paper you can get about three or four 45-55ppm machines and get 220 full color pages per minute for the same price. Then have the others as backups too.