Items tagged with Lexmark

You knew this was coming sooner or later. Kodak has been winding down its businesses and has finally gotten around to its consumer inkjet printers, which were popular (but not popular enough) for using long-lasting ink cartridges. Kodak plans to continue selling those ink cartridges long after it officially shuts down the inkjet printer business in 2013.   Kodak isn’t the only one departing the inkjet printer arena. Lexmark has also announced plans to stop selling its inkjet printers. That leaves Epson and HP with some elbow room in the market, though it’s not... Read more...
Lexmark has been a mainstay in the inkjet printer business for as long as we can remember, so it comes as a bit of a shock that the company is bowing out of the segment as part of an aggressive restructuring plan to cut costs. By ceasing development and manufacturing of inkjet hardware, Lexmark estimates it will save some $95 million annually. "Today's announcement represents difficult decisions, which are necessary to drive improved profitability and significant savings," said Paul Rooke, Lexmark chairman and chief executive officer. "Our investments are focused on higher value imaging and software... Read more...