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Is This the Death of Lexmark? Firm Rumored to Sell to Konica Minolta

Photizo Group has received an unsolicited letter postmarked December 23, 2015 stating that “Paul Rooke, Jeri Isbell, the executive officers of Lexmark, and the Board of Directors are preparing to sell Lexmark to Konica Minolta…”, seemingly confirming our own due diligence and supposition earlier this year. This incendiary letter, penned by the infamous Lexmark Employees for Ethical Conduct (LEEC), pleads with Kentucky’s Governor Bevin and Lexington’s Mayor Gray to “act immediately” and “save our careers”.  read the rest here

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It may be the death of Lexmark, only time will tell.  I can say that it may have many in the Industry worried.  Say you own a large Canon dealer and were using Lexmark too capture your customers printer / a4 devices.  This sale might open the door for the KM account manager to take over the entire fleet, replace the Canon copiers and service the Lexmark Printers.  Or, if you are a manufacture who is using Lexmark for the same reason, but your potential operating costs are going to be on the rise in the future. This on top of your parent company experiencing problems might move you close to being sold off. 

I see this as a potential boost for Oki and Kyrocera as they can fill the void when independents and others companies drop Lexmark.

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