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.
This week, 1105 Media’s Office Technology Group officially announced that it will not host Recharger Magazine’s World Expo trade show this year. Instead, the group has announced a new event for 2013, the Business Imaging Expo, which will be held December 11–12 at the Mandalay Bay Resort and Casino, Las Vegas, site of recent World
Well, it’s official. After years of will-they-won’t-they speculation about a possible merger between Office Depot and Office Max, the two office superstores announced the signing of a definitive merger agreement on February 20. Together, the number-two and number-three office superstores will create an $18 billion combined company with the goal of competing more effectively not
On February 13, OKI Electric Industry announced its financial results for the first nine months of the year, ended December 31, 2012. Despite the strong yen, OKI’s net sales for the first nine months of the year grew 5.4 percent compared with the year-ago period to ¥303.7 billion ($3.2 billion*). OKI President Hideichi Kawasaki commented
On February 5, Brother announced its third-quarter and year-to-date financial results for the period ended December 31, 2012. In the third quarter, Brother had net sales of ¥132.7 billion ($1.4 billion*), up 5.1 percent from ¥126.3 billion in the previous year’s third quarter on strong sales in the firm’s Printing and Solutions business and home
On January 31, Konica Minolta released its financial results for the third quarter and first nine months of the year, ended December 31, 2012. In the third quarter of its current fiscal year, Konica Minolta’s net sales were ¥193.9 billion ($2.1 billion*), up 6.5 percent from ¥182.0 billion in the third quarter of the previous
Ricoh announced its financial results for the third quarter, ended December 31, 2012, on January 31. The past couple of years have not been easy ones for Ricoh. The company announced a major restructuring effort including the loss of 10,000 jobs in 2011. The firm was hit hard by the earthquake and tsunami in Japan