According to a Forbes article, Toni Sacconaghi states his belief that “the business is ultimately likely to be shut down” and lowering the stock target to $38.

Bernstein Research analyst toni Sacconaghi commented on the future of Lexmark, remarking that “[we] believe the [printer] business is ultimately likely to be shut down” following reducing his rating of the OEM from Outperform to Market Perform.

Sacconaghi cut his stock target of Lexmark from $46 (€34) to $38 (€28). The OEM closed at $34.28 (€25.68) on the 23 March.

The analyst makes comment in his research notes that “material stock outperformance appears unlikely in the face of flat to declining revenues over the next few years, fears about longer term secular pressures and the company’s history of inconsistent financial performance and associated stock volatility.

“We remain unconvinced that Lexmark can regain traction in inkjet, and believe the business is ultimately unlikely to be shut down, incurring a further cash drain in the company and some de-scaling risk.”

Sacconaghi concludes that “Lexmark’s laser business, while healthy, is unlikely to sustain the pace of recent share gains and could see slower revenue growth going forward.”

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LAKE SUCCESS, N.Y. – Canon U.S.A. Inc. announced its parent company, Canon Inc., was granted 2,813 new U.S. patents during the 2011 calendar year, surpassing the company record of 2,543 new patents in 2010. Based on weekly patent counts issued by the United States Patent and Trademark Office for 2011, Canon Inc. placed third overall, marking a new milestone in the company’s history as one of the top five patent holders worldwide for more than a quarter of a century.


“Maintaining a solid dedication to research and development enables us to maximize efficiency, increase precision and ensure a diversified lineup of future products that will continue to solidify our brand,” said Seymour Liebman, executive vice president, chief administrative officer and general counsel, Canon U.S.A. “2011 was a year we overcame numerous challenges; yet our commitment to research and development enabled us to set new records.”

Patents granted in 2011 continue to drive innovation for Canon Inc. well into the future. To date, Canon Inc. has created core product technologies in fields such as image capture, electrophotography, inkjet printing, lithography and display as well as common platform technologies including digital processing, production engineering, quality management and environmental technologies.

In addition to strengthening and expanding existing businesses, Canon Inc. is committed to the future with a focus on promoting research and development in areas such as medical imaging, intelligent manufacturing and mixed reality. Achieving new advancements throughout a variety of technologies helps to produce a wide range of synergies between products, delivering new value and solutions to customers.

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STAMFORD, Conn., March 12, 2012—      The reign of the personal computer as the sole corporate access device is coming to a close, and by 2014, the personal cloud will replace the personal computer at the center of users’ digital lives, according to Gartner, Inc.


Gartner analysts said the personal cloud will begin a new era that will provide users with a new level of flexibility with the devices they use for daily activities, while leveraging the strengths of each device, ultimately enabling new levels of user satisfaction and productivity. However, it will require enterprises to fundamentally rethink how they deliver applications and services to users.

“Major trends in client computing have shifted the market away from a focus on personal computers to a broader device perspective that includes smartphones, tablets and other consumer devices,” said Steve Kleynhans, research vice president at Gartner. “Emerging cloud services will become the glue that connects the web of devices that users choose to access during the different aspects of their daily life.”

The past two years have been a whirlwind in the client computing space, leaving many enterprises asking what comes next and what the environment will look like in five years.

“Many call this era the post-PC era, but it isn’t really about being ‘after’ the PC, but rather about a new style of personal computing that frees individuals to use computing in fundamentally new ways to improve multiple aspects of their work and personal lives,” Mr. Kleynhans said.

Several driving forces are combining to create this new era. These megatrends have roots that extend back through the past decade but are aligning in a new way.

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FRAMINGHAM, Mass., February 17, 2012 – According to the International Data Corporation (IDCWorldwide Quarterly Hardcopy Peripherals Tracker, the worldwide hardcopy peripherals market declined 4.5% year over year in the fourth quarter of 2011 (4Q11) on shipments of 34.9 million units. For the full year 2011, the global market experienced year-over-year growth of 0.7% with shipments approaching 126 million units.

The color laser market continues to show growth in the overall hardcopy peripherals market. This segment increased 7% year over year to more than 1.9 million units shipped in 4Q11. As color continues to penetrate the overall hardcopy market, the multifunction peripheral (MFP) market is weathering the current economy better than its single function counterparts, as products continue to make the transition towards multifunction, posting a 17% year-over-year increase compared to a 1% decline for single function printers.

“We expect the overall inkjet, color, and monochrome MFP markets will increase as the switch from single-function printers continues in 2012. IDC forecasts that the MFP market will increase in the high single digits in 2012,” said Phuong Hang, program manager, Worldwide Hardcopy Peripheral Trackers.

Technology Highlights

  • Inkjet captured a 66% share of the total hardcopy peripherals market with more than 22.8 million units shipped in 4Q11, declining 6% year over year. While Japan posted a 4% year-over-year gain in inkjet technology, all other regions saw negative year-over-year growth in the fourth quarter of the year.
  • Monochrome laser accounted for 25% of the total market with close to 8.9 million units shipped in 4Q11. Monochrome laser printers remain the most prolific type of laser in the office with more than 5.1 million units.
  • Color laser grew 7% year over year to more than 1.9 million units shipped, resulting in 6% share in the total hardcopy peripherals market in 4Q11. Color laser MFP continues to show signs of expansion and has increased its share in the color laser space to by more than two points to 52% when compared to its share in 4Q10.

Vendor Highlights

  • HP maintained its lead in the global HCP market with more than 39% market share and more than 13.7 million units in 4Q11. The vendor declined 11.5% year over year, the steepest drop among the top 5 vendors. Despite showing growth in Japan, the vendor experienced year-over-year contraction across all other regions.
  • Canon, the number 2 ranked vendor, captured close to 19% share in the total hardcopy peripherals market with shipments of 6.5 million units. Despite a year-over-year decline of 5.2% in the worldwide market, Canon enjoyed double-digit growth in the U.S. and in Central Europe, the Middle East and Africa (CEMA).
  • Epson strengthens its position as the number three vendor with nearly 17% share and more than 5.8 million units shipped in the fourth quarter of 2011. Epson grew 6.2% year over year and is the only vendor in the top 3 with a year-over-year gain. Japan was Epson’s best performance region with 33% year-over-year growth, followed by Western Europe at 13%.



OCHESTER, N.Y. — Eastman Kodak Company announced that, as a result of its ongoing strategic review process and commitment to drive sustainable profitability through its most valuable business lines, it plans to phase out its dedicated capture devices business – comprising digital cameras, pocket video cameras and digital picture frames – in the first half of 2012. Kodak will instead expand its current brand licensing program, and seek licensees in these categories. Following this decision, Kodak’s Consumer Business will include online and retail-based photo printing as well as desktop inkjet printing.

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Kodak has contacted its retail partners, and is working closely with them to ensure an orderly transition. Kodak will continue to honor all related product warranties, and provide technical support and service for its cameras, pocket video cameras and digital picture frames.

“For some time, Kodak’s strategy has been to improve margins in the capture device business by narrowing our participation in terms of product portfolio, geographies and retail outlets. Today’s announcement is the logical extension of that process, given our analysis of the industry trends,” said Pradeep Jotwani, president, consumer businesses, and Kodak chief marketing officer.


New figures have revealed the amount of money wasted each year by large businesses on ‘needless printing’. The statistics have been broken down to emphasise the quantity of ink and money wasted each year by large businesses, and throughout the average person’s working career.

As part of ongoing research into the printing habits of people across the UK, the UK’s largest online printer cartridge retailer has conducted a study looking into how much money employees waste by needlessly printing documents, in terms of the ink used.
The study of 1,917 people in full time employment, in businesses with at least 100 employees, conducted by, was conducted in a bid to emphasise the amount of money that large businesses could save if employees didn’t print documents unnecessarily.

According to the research, the average respondent stated that they needlessly printed an average of four documents per day, each consisting of two sheets of paper. Therefore, if employees of businesses that hire a minimum of 100 members of staff print eight sheets of paper daily, large companies are wasting an average of 800 sheets of paper per working day.

If these documents were printed in black and white, on a standard HP Apollo printer that prints 795 pages per ink cartridge, businesses would use 5 ink cartridges a week on needless printing alone. With each cartridge costing £14.01, large businesses are therefore spending approximately £70.05 a week on needless printing alone.

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LEXINGTON, Ky., Jan. 30, 2012 /PRNewswire/ — Bringing high-quality color printing and workgroup reliability to a larger base of business customers, Lexmark International, Inc. (NYSE: LXK) today introduced the new robust, high-performingOfficeEdge Series of multifunction products (MFPs). These MFPs are built upon Lexmark’s new business inkjet platform and engineered with enterprise-caliber components to deliver the long-lasting, reliable performance of a laser with the color quality and affordability of an inkjet. A workhorse for small workgroups within the enterprise and small to medium-sized businesses (SMBs), Lexmark’s OfficeEdge Series includes two new models equipped with business-class features and laser-quality color printing at a 50 percent lower cost1.

The Lexmark OfficeEdge Series integrates seamlessly into most business IT environments, making them enterprise friendly for IT administrators tasked with implementing and overseeing the MFPs. Support for PCL and PostScript through the Lexmark Universal Print Driver increases enterprise compatibility, and monitoring and administering multiple devices from a central location are also simplified through the Embedded Web Server and award-winning fleet management tool Markvision Enterprise.

The Lexmark Office Edge Pro5500 and OfficeEdge Pro4000 color MFPs are built for fast, professional, heavy-duty printing and scanning. The new additions to Lexmark’s lineup boast faster print speeds than most similarly priced color laser MFPs, up to 21 pages per minute (ppm) in black and 14 ppm in color2, and the fastest time to first page compared to laser devices in its class means users spend less time waiting for a print job to complete3.

Additionally, the Lexmark OfficeEdge Pro5500 is highlighted by a single pass, duplex, automatic document feeder (ADF) with a capacity of up to 50 sheets to save users time by simultaneously scanning both sides of documents, while accommodating a variety of paper sizes up to 8.5 inches x 14 inches, a best-in-class feature.

The impressive print quality makes a lasting impression with vivid colors, dark black text and higher resistance to water and smearing, made possible by Lexmark’s new pigment-based Vizix Pro ink formula. Utilized in both the standard and high-yield OfficeEdge Series ink cartridges, Vizix Pro produces color output with the crisp text quality of a laser printer and the brilliant color of an inkjet, allowing businesses to do more in-house printing and reduce costs. Made from plastic that contains post-consumer recycled content, the Lexmark OfficeEdge Series ink cartridges are eligible for the Lexmark Cartridge Collection Program(LCCP)4, which offers free, easy return options to recycle empty cartridges.

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NORWALK, Conn. – Xerox Corporation (NYSE:XRX) continues to expand its rich patent portfolio filled with innovation that helps simplify, speed up and create more efficient ways for work to get done in enterprises around the world. The company received 1,030 U.S. patents in 2011.

The tally includes patents from Xerox wholly-owned subsidiaries; Affiliated Computer Services (ACS), the Palo Alto Research Center (PARC), and XMPie — all Xerox companies. Xerox’s joint venture in Japan, Fuji Xerox Co. Ltd., received 588 U.S. patents in 2011. When taken together, the Xerox group garnered 1,618 U.S. patents, placing Xerox eighth on the IFI Patent Intelligence list worldwide.

“Through our innovation, we’re helping our clients be more agile in today’s tough business environment. Xerox innovation helps make it easier to mine context from the massive amounts of content needed to run their operation and can create a more sustainable enterprise,” said Sophie Vandebroek, Xerox chief technology officer and president of the Xerox Innovation Group. “Whether it’s collaboration with industry or university partners, co-creating with our customers, conducting first-of-kind pilots in U.S. hospitals or remote villages in India – we innovate. It’s part of our heritage and a priority for our future.”

The company’s researchers develop new technologies resulting in real-world products and services. A growing number of patents reflect Xerox’s focus on integrating innovation into the company’s services business. For example, Patent Nos. 7,877,423 and 8,015,111 cover proprietary ways for state governments to better manage electronic payments, like child support from employer to recipient. And, Patent No. 7865437 is for e-Childcare, a unique, paperless, web-based time and attendance system that simplifies the processing of subsidized childcare payments.

Xerox has filed nearly 58,000 patents around the world since 1930.

In addition to the National Medal of Technology, the highest honor awarded by the President of the United States, Xerox has received a number of innovation awards including being named to Thomson Reuters’ 2011 listing of the World’s 100 Most Innovative Companies, and The Wall Street Journal recognized the Xerox Research Centre Europe with its 2011 Technology Innovation Award. Also in 2011, Xerox received the Corporate Innovation Award from the American Institute of Chemical engineers for the invention, development and commercialization of Emulsion Aggregation toner.

Together, Xerox and Fuji Xerox invest about $1.5 billion annually in research and development.




ROCHESTER, N.Y. – Eastman Kodak Company (“Kodak” or “The Company”) announced that it and its U.S. subsidiaries filed voluntary petitions for Chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York.

The business reorganization is intended to bolster liquidity in the U.S. and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the company to focus on its most valuable business lines. The company has made pioneering investments in digital and materials deposition technologies in recent years, generating approximately 75 percent of its revenue from digital businesses in 2011.

Kodak has obtained a fully committed, $950 million debtor-in-possession credit facility with an 18-month maturity from Citigroup to enhance liquidity and working capital. The credit facility is subject to Court approval and other conditions precedent. The company believes that it has sufficient liquidity to operate its business during chapter 11, and to continue the flow of goods and services to its customers in the ordinary course.

Kodak expects to pay employee wages and benefits and continue customer programs. Subsidiaries outside of the U.S. are not subject to proceedings and will honor all obligations to suppliers, whenever incurred. Kodak and its U.S. subsidiaries will honor all post-petition obligations to suppliers in the ordinary course.

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Samsung Electronics Co., Ltd. announced seven additions to its multifunction printer range. The SCX-3405 series MFPs provide simple and reliable performance with print, scan, copy and fax solutions at a competitive cost. Targeted at small and medium businesses, the devices provide quick printing speeds alongside cost effective solutions.

“Small and medium businesses increasingly have demands for multifunction printers that provide value in terms of cost and resource efficiency. We have responded by extending our already successful MFP portfolio to these customers with the launch of the SCX-3405 series MFPs,” said Dion Smith, General Manager, Samsung UK Print Division. “The SCX-3405 series deliver functionality in the most cost effective way, making them an easy fit for small, agile working environments.”

The SCX-3405 series has been designed to be as economically sound as it is environmentally friendly. The One Touch Eco Button allows the MFPs to operate in Eco mode thereby automatically saving power, toner and paper consumption for maximum cost efficiency.

A high level of fast and reliable performance is vital with multifunction printers, and Samsung’s SCX-3405 series additions deliver this seamlessly. Powered by a fast 433MHz core processor with up to 128MB memory, the devices can print up to 20 A4 pages per minute.

Scanning is easy and efficient, enabled by the inclusion of a variety of user-friendly features. The SCX-3405FW also has a fax connection, enabling enhanced Fax-to-PC and PC-to-Fax functions.

In addition, the SCX-3405 series are equipped with Samsung’s Easy Eco Driver solution, enabling custom settings to manage and control printing costs. For example, in the Eco driver tab, users can avoid printing unnecessary text or images in a document without changing the original file, enabling a more efficient use of toner and paper. Moreover, you can print up to eight slides or pages onto one single page to increase the cost saving attributes of the SCX-3405 series.

The Results Simulator within the Easy Eco Driver solution shows users the expected results of reduced CO2 emission, electricity usage, and paper and toner consumption for the document to be printed in accordance with the user’s settings. Additionally by changing particular settings, users can see expected cost and environmental implications thereby making them aware of the potential energy and cost savings of the settings they choose.

The SCX-3405 series include Samsung’s Easy Printer Manager, which allows easy real-time monitoring of MFP usage as well as easy-to-view statistics on printer maintenance, ensuring quick and accurate reporting. The SCX-3405 series employs an integrated single management program, which allows the user to monitor other Samsung MFPs on a single screen for maximum usability.

As mobile printing becoming more and more an important aspect of the modern business life, the wireless enabled models (SCX-3405W / 3405FW) enables users to both access and print files / documents from any mobile device installed with Samsung’s MobilePrint app available on Android and iOS platforms. While conventional PIN methods require a 10-step set up procedure on a wireless network, Samsung’s one-touch wireless setting (WPS) enables users to be connected with the MFP through an access point / router in just two minutes.

In addition, the Wi-Fi Direct feature makes it possible to connect Wi-Fi Direct enabled mobile devices to the MFP directly without any access points leaving out complicated start-up processes and device configurations.