Xerox is reportedly in private talks to sell one of its business units that lends money to customers to rent printers and office equipment. The report comes from Reuters, which says the company is considering the sale to relieve itself of about $3.6 billion in debt. Reuters, citing unidentified sources, said Xerox is talking to
In early July, Samsung Electronics announced the Samsung Inkjet Plus series, a new family of refillable ink tank devices for the Korean market. There appear to be three models in the new family: the SL-J1560, SL-J1560W, and SL-J1563W. All three are A4 inkjet all-in-ones with print, copy, and scan functionality. The announcement is interesting for
The construction of Epson’s new factory at its Hirooka office in Shiojiri, Japan, is finally complete. Epson says the new plant, known as Hirooka Office Building 9, will be the second production site for its PrecisionCore print chips, which the OEM currently manufactures at its Suwa Minami Plant in Nagano Prefecture, Japan. Epson first announced
Konica Minolta Business Solutions U.S.A., Inc. continues to expand the scope of its business offerings with yet another acquisition. On July 2, the New Jersey-based company announced that it has acquired MWA Intelligence, Inc. (MWA), an enterprise resource planning (ERP) software provider and value-added reseller (VAR) based in Scottsdale, AZ. Konica Minolta says the acquisition
On June 20, Kyocera Document Solutions America, Inc. introduced three new color printers and five new color and monochrome MFPs aimed at small and medium-sized businesses (SMBs) with high print volumes. The new devices include the ECOSYS M6235cidn, M6630cidn, and M6635cidn A4 color MFPs; the ECOSYS P6230cdn, P6235cdn, and P7240cdn A4 color printers; and the
The hardcopy peripherals market in Australia took a hard dive during the first quarter of 2018, according to International Data Corporation’s (IDC) “Asia Pacific Quarterly Hardcopy Peripherals Tracker.” Laser and inkjet markets tumbled 8.6 percent and 9.3 percent, respectively, over the same period last year. IDC attributes the decline to falling sales of low-price brands,
Fujifilm Holdings Corp. has sued Xerox Corp. for more than $1 billion, alleging that Xerox’s board of directors allowed itself to be steamrolled by two activist investors into calling off a proposed merger. “Xerox has recently been subject to the whims of activist investors Carl Icahn and Darwin Deason, who, notwithstanding their minority ownership of
Kao Collins has announced the release of a new proprietary magnetic ink character recognition (MICR) ink formulation that the company says is more durable and less costly than other MICR products. In a company press release, Kao Collins says its new product is a water-based ink formulation with metal oxide nanoparticles designed specifically for HP
On June 7, Canon announced that Toyotsugu Kuwamura, executive vice president and general manager of Canon U.S.A.’s Business Imaging Solutions Group (BISG) and chairman and chief executive officer (CEO) of Canon Solutions America, Inc., will retire on July 1. Canon says it has appointed Shinichi Yoshida as Mr. Kuwamura’s successor as executive vice president and
On June 5, Ricoh released a partial revision of its financial results for its fiscal year ended March 31, 2018, which the company had announced on April 27 (see “Ricoh Wraps Up Year with Biggest Net Loss in Company History”). While Ricoh’s net sales grew modestly in the year just ended, the company posted big
