Another printer company exits the printer business

Another printer company exits the printer business
Printer company Lexmark has announced that it will be exiting the inkjet printer business.

Unfortunately, the company will also be firing 1700 employees and completely shutdown a factory in the Philippines.



Additionally, the company will look to sell of its entire inkjet printer operations and focus on managed laser imaging services, which bring in much higher margins.

The move will save Lexmark $95 million per year. Investors seemed to appreciate the move with shares jumping 13 percent.

Recently, the bankrupt pioneer Kodak announced it was selling its printer business, as well, due to low sales and margins. HP, during their recent earnings announcement, also announced a large slowdown in printer sales.

Written by: Andre Yoskowitz @ 28 Aug 2012 21:21
Tags
layoffs Shares Printers lexmark inkjet managed laser imaging
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  • 4 comments
  • iz0nlee

    surprised printre companies can make a loss with what they charge for printer carts. its cheaper to buy a new (cheap) printer every time the ink runs out

    31.8.2012 11:24 #1

  • JST1946

    Queen "Another one bites the dust"

    Yep! Bought a new printer for $50 on sale and the replacement cartridges cost $56.

    20 Year U.S.Army Veteran.Vietnam 1969-1972 101st Abn.Div.

    31.8.2012 12:54 #2

  • ddp

    bought a hp color laser printer for $100Can 20 months ago but will cost almost $400Can for new catridges as there is 4 catridges. will use my freebe hp black & white laser for black & white printing & the color laser for color printing.

    31.8.2012 15:38 #3

  • pmshah

    What I would have done is to first go looking at available replacement cartridge suppliers like the German RotRing, available at less than 50% of OEM price. Look up the equivalent number of the OEM. Then search for and select a good model that uses this cartridge. Problem solved.

    1.9.2012 00:28 #4

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