Xerox released its financial results for the fiscal first quarter of 2013 on April 23. Xerox’s Services business continues to deliver revenue growth, but the company’s results were dragged down by its Document Technology business. Xerox has been restructuring its business, including some painful job cuts, as part of its efforts to focus on its
On April 8, Xerox announced its new Genuine Xerox Rewards program, a customer-loyalty program that allows customers to earn points for using genuine Xerox supplies and redeem them not just for Xerox equipment but also downloadable music, books, movies, gift cards, various merchandise, and travel. Joseph A. Adriano, manager of marketing and strategy for Xerox
Restructuring operations, disposal of manufacturing units, and a weaker euro all contributed to Pelikan’s revenue falling 23.7 percent year-over-year in the fourth quarter of 2012, according to its end-of-year 2012 summary. Pelikan International Corporation Berhad, a multinational corporation headquartered in Malaysia, traces its founding back to German Chemist Carl Honnemann in Hanover, Germany, in 1832.
On April 1, Lexmark announced that it has agreed to sell its inkjet technology and assets to Funai Electric Company, Ltd., of Osaka, Japan, for $100 million. The deal will put a final punctuation mark on Lexmark’s announcement last August that it would exit the inkjet business (see “Lexmark Inkjets: Requiescat in Pace Part I
On March 28, OKI held an investor relations meeting on strategies for its printer business, which has been struggling with operating losses as a result of sales declines and the accounting scandal at Oki Systems Ibérica S.A.U. (see “OKI’s Cooked Books Cost Firm ¥30.8 Billion; Q1 Sales Up but Net Loss Widens”). According to the
Pantum International Limited, formerly Seine Image International Co., Ltd., and a part of the Ninestar Group of companies in Zhuhai, China, has found more distributors for its printers and supplies in the United States. American Toner & Ink Corporation, which sells office supplies and consumables, has joined a leasing venture that promises to enable increases
Eastman Kodak painted a picture of a lean company attempting to lower its operating loss in its 10-K filing March 11 with the U.S. Securities and Exchange Commission (SEC). Kodak Chairman and CEO Antonio M. Perez says Kodak plans to emerge from bankruptcy by mid-2013 after filing for Chapter 11 bankruptcy protection on January 19,
Xerox and Katun recently announced price hikes on selected consumables. According to various resellers, including Supplies Network, Xerox is raising U.S. list, ERP, and distributor net prices on selected legacy supplies as of April 1, 2013. According to another reseller, Xerox is raising prices on approximately 80 consumables, including toner cartridges and solid ink sticks
Micro Solutions Enterprises (MSE) recently announced that it was issued a patent for its Secondary Cleaning System (SCS) technology. This patented system uses a new component, a secondary cleaning roller, to clean the primary charge roller (PCR) of toner buildup, thereby preventing it from transferring to the drum and causing backgrounding, streaking, and “dirty” prints.
On February 21, Hewlett-Packard reported that it had exceeded its earnings target for the first quarter of fiscal 2013. Revenue, however, was down year-to-year in all of HP’s major business units including the firm’s printing business, which saw revenue and unit shipments fall in the current first quarter compared to the same period in 2012.