Tagged With "HP"
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This Week in the Copier in Industry, Third Week of November 2003
My sales month ended today, thus allowing time for our beloved bean counters the chance to close the month on the calendar end of month. don't mind and I'm kind of use to it. I figure that closing the month early gives me two end of the month chances to close some orders. Of course one is our actual close and the other is calendar end of month. December this year is a little frightening since Christmas falls on a Tuesday. Which means most will not be working on the 24th. Thus December only...
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This Week in the Copier Industry 10 Years Ago, The Last Week in December 2008
WooHoo, I'm on vacation this week, well at least from my day job! Enjoy the threads from ten years ago this week! Weekend Copier Notes from 12/28/08 Neal · 12/29/087:08 AM , president of Xerox Office Group (XOG), Xerox products now account for only 55% of the MFPs that Global locations are selling . (now that Xerox is experiencing slower sales in the U .S., will it continue to allow other brands to be sold in its Global subsidiary?) In an article in The Wall Street Journal, Bill Jordan,...
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HP to Xerox: Your Earnings Report Changes Nothing — Leave Us Alone
While Xerox Holdings shares are rallying this morning on better-than-expected fourth-quarter results , one key observer isn’t impressed. HP Inc. still isn’t interested in being acquired by its smaller rival in the printer market. In November, Xerox (ticker: XRX) offered to acquire HP (HPQ) for $22 a share—$17 in cash and the rest in Xerox shares. Were the offering to close on those terms, current HP holders would own 48% of the combined company. Over the past few months, HP has repeatedly...
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HP/Xerox merger update
- Xerox nominated 11 directors to HP Inc’s board, the Wall Street Journal reported - Xerox is looking to gain control of HP to force acceptance of $33.5 billion takeover offer - Nominees include: o Betsy Atkins, CEO of Baja Corporation, a venture capital firm o George Bickerstaff, managing director of M.M. Dillon & Co., a leading healthcare and technology boutique investment bank o Carolyn Byrd, CEO of GlobalTech Financial o Jeannie Diefenderfer, CEO of consulting firm courageNpurpose o...
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HP receives wave of customer complaints
- A tweet published on January 17 has eventually gone viral, fueling a new wave of criticism aimed against HP - Ryan Sullivan posted on Twitter: o “Last month I canceled a random charge for $4.99 per month from HP called "InstantInk". Wasn't sure what it was for. I've had it for over a year but had no idea what it did. I just found out what it did,” he tweeted, along with a HP software notification reading “Cartridge cannot be used until printer is enrolled in HP Instant Ink.” o “Apparently...
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HP wins production print contracts
HP wins production print contracts - Award from LawPrint of Johannesburg, South Africa o Installed a new Indigo 12000 production color system o Will be used to print on coated, uncoated, colored and dark papers, paperboard, and metallized media o Items produced include; print canvas wall art, posters, folders, books, folding cartons and specialty packaging and display products. - Award from American Litho of Carol Stream, IL o installed new HP PageWide T240 production color inkjet system
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Ninestar to launch flat rate program?
Ninestar to launch flat rate program? - Ninestar Corporation of Zhuhai, China, and parent company of Lexmark, announced that it’s officially launching its G&G Instinkt program - soliciting worldwide business partners for the project - is a monthly printing program under which customers are charged based on the number of pages they have printed, rather than the on amount of ink/toner they have used - Instinkt will support printers from HP, Epson, Canon, and Brother - provides only...
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Xerox's quarterly profit beats estimates, says firm on HP buyout
Xerox Holdings Corp <XRX.N> on Tuesday posted a better-than-expected quarterly profit as it kept a tight lid on costs and said it plans to follow through with its $33 billion bid to buy rival HP Inc <HPQ.N>. Shares of the company, known for its photocopiers and printers, were up as much as 7%. Xerox, which has been facing a slowdown in demand as businesses cut down on printing their paperwork, has laid out a three-year cost-cutting plan under Chief Executive Officer John...
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DocuCopies Boosts Color Depth and Speed with HP DesignJet Z9+ Wide-Format Printer
The New Year brought new color capabilities, faster production and more wide-format printing options to DocuCopies, as the online printing company announced in January the addition of the HP DesignJet Z9+ to their lineup of high-end printing equipment. This new wide-format printer represents an evolutionary leap in printing technology. Using nine ink colors instead of the standard six, the machine renders unparalleled depth and precision for photo and art prints, signage, and banners alike.
Blog Post
This Week in the Copier Industry 15 Years Ago (First Week of February 2005)
Struggle, struggle and more struggle seems to the topic for the month of January. I'm in a slump and need to pull out of it. Today I had three planned calls after driving back from our 2020 Kick-off meeting yesterday. It was more of laying the seeds to reap in coming months, actually more like the third quarter for this year. Two calls went well and the other company moved on me. Thus, I need to do more leg work. Seems next week will be a complete week of working the phones and emails! Enjoy...
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Xerox sweetens offer for HP
Xerox said its latest offer comprises $18.40 in cash and 0.149 Xerox shares for each HP share — valuing the company at about $35 billion — and that it plans to launch a tender offer on or around March 2. HP shares rose nearly 3% to $22.31, while Xerox was up about 1%. The U.S. printer maker first made a $33.5 billion cash-and-stock offer for HP, a company more than three times its size, in November. HP’s board had then rejected the offer, saying it significantly undervalued the company. read...
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HP has another security flaw
HP has another security flaw - Security Week magazine reports that TrapX Security found a cryptocurrency miner on some HP devices - The malware used by the hackers is a self-spreading downloader that runs malicious scripts associated with Lemon_Duck - The hackers uses the HP MFP as an entry point to the victim’s network
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HP wins production print contracts
- Award from VerifyMe, Inc. of Rochester, NY o is a digital technology solutions provider specializing in counterfeit prevention, authentication, serialization, track and trace features for labels, packaging and products o installed HP Indigo's 6900 series production color system and Indigo 7900 production color system o used to produce sheet-fed products like folded cartons and plastic cards. - Award from Boutwell Owens of Fitchburg, MA o Installed HP Indigo 30000 production color system o...
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HP/Xerox merger update
- In a CNBC interview, Hewlett-Packard Enterprise (HPE) CEO Antonio Neri recently commented on Xerox’s bid to acquire HP Inc.(which used to be part of Hewlett Packard) - separate companies.) - “the deal doesn’t make any sense.” - “I think the HP Inc. has a clear strategy to create value for shareholders and stakeholders. And Enrique Lores (HP Inc. CEO) is someone I respect tremendously. …and I think he’s on the right path.” - “I think it’s more about, what is the opportunity to drive value...
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HP says it will answer Xerox's latest buyout offer on February 24
While Xerox had a lot to say earlier this week about its efforts to acquire HP, Palo Alto-based HP says anyone waiting for its response to Xerox’s nearly $35 billion buyout offer will have to remain patient for almost two more weeks. HP said it will hold off on saying anything more about Xerox’s offer until Feb. 24, at which time HP will report its fiscal first-quarter results, and provide “additional information” about its business plans. HP said in a statement sent to this news...
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Xerox courts HP shareholders as takeover battle heats up
(Reuters) - U.S. printer maker Xerox Holdings Corp ( XRX.N ) is hosting a dinner for HP Inc ( HPQ.N ) shareholders this week as it seeks investor support to overcome the personal computer maker’s resistance to its $35 billion takeover bid, according to people familiar with the matter. The charm offensive comes after Xerox raised its cash-and-stock bid for HP last week by $2 to $24 per share ahead of a tender offer it plans to launch in early March. It is also asking HP shareholders to...
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This Week in the Copier Industry 10 Years Ago (Second Week of April 2010)
For each of the next few blogs I'll be inserting some tips from what other dealers and sales peeps are doing on a daily basis from around the globe for staying relevant with their clients and prospects . Share our FB posts daily. Enjoy these wonderful threads from ten years ago this week! Konica Minolta Helps AMG Resources Eliminate Paper Filing Guest · 4/8/1011:21 PM .A., Inc. is a leader in advanced imaging and networking technologies for the desktop to the print shop. For the third...
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Can someone help with HP?
Hoping someone can forward me dealer pricing for the hardware options and supplies for this model please HP LaserJet E85055 A3 model. It launched back in November
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This Week in the Copier Industry 10 Years Ago for the Last Week in April of 2010
Interesting about what a difference 10 years can make in an industry. Just this week Canon profits will drop 80%. Ten years ago they had posted a profit that had tripled. Ten years ago clients and sales people alike were all concerned about latent images left on copier hard drives. Enjoy these threads from ten years ago this week! Weekend Industry Notes for 4/25/10 Neal · 4/26/107:24 AM which has resulted in the opening of offices in 15 metropolitan areas in the last year - Rosetta...
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It Won't Work! Is the motto of the unimaginative, and the Cry of the Insecure
The XEROX/HP saga playing out is proving that many can't see past what's in front of them and have limited imagination to assist them in discovering how things could be, based on how things should be. It has been a few months since Xerox took the bold action and beat HP to the table in a merger discussion. BUT XEROX IS TOO SMALL TO BUY- THE GREAT BIG HP!! Say those looking with no imagination. Yes, HP should have approached Xerox. HP having three times the market cap acquiring the smaller...
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Xerox/HP merger update
- Xerox, which is currently engaged in a hostile-takeover bid for competitor HP Inc., raised its offer for HP, announcing a new offer of $24.00 per share, which will be consist of $18.40 in cash and $0.149 in Xerox shares for each HP share - offer will not be subject to any conditions related to financing or due diligence - Xerox had previously offered to buy HP for $33.5 billion or $22 per share — $17 in cash and $0.137 in Xerox shares for each HP share - Xerox execs claim to have met with,...
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HP ranked highest by IDC for security
- IDC recently published its annual Marketscape For Security Solutions and Services Hardcopy Worldwide - HP received highest rating, in the upper righthand corner of the matrix - Also in upper quadrant was Xerox, Canon, Ricoh and Lexmark
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HP Joins Industry-Standards Initiative for Printer Security
HP Inc. has announced that it has joined the Buyers Lab (BLI) Security Validation Testing program for MFPs and printers to help drive more stringent industry standards for printer security. Common endpoint devices such as office printers have proven to be serious security weak spots for organizations of all sizes in recent years, chiefly due to modern printers being produced with various forms of in-built connectivity, without the same sophistication of security to go with it. Printers have...
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Icahn Suggested HP Buy Xerox With Offer About to Go Public
(Bloomberg) -- Xerox Holdings Corp.’s largest shareholder made a suggestion as the printer maker was preparing to go public with its takeover offer for HP Inc. in November: buy us instead. Activist investor Carl Icahn raised the idea of HP acquiring Xerox for $45 a share in a phone call with HP Chief Executive Officer Enrique Lores in November, according to people familiar with the matter. HP executives viewed the proposal as over-valuing Xerox and decided not to pursue it, said the people,...
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HP Inc. Reports Fiscal 2020 First Quarter Results
Notes to table Information about HP Inc.'s use of non-GAAP financial information is provided under "Use of non-GAAP financial information" below . Net revenue and EPS results HP Inc. and its subsidiaries (“HP”) announced fiscal 2020 first quarter net revenue of $14.6 billion, down 0.6% (up 0.5% in constant currency) from the prior-year period. First quarter GAAP diluted net EPS was $0.46, down from $0.51 in the prior-year period and above the previously provided outlook of $0.39 to $0.42.
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Xerox to Keep Pursuing HP Despite Poison Pill Plan
(The Mercury News/TNS) - Xerox said Friday that it intends to push ahead with its efforts to acquire HP despite the Palo Alto-based company adopting a shareholders’ rights plan meant to stymie Xerox’s unsolicited buyout attempt. Xerox’s comments are the latest in what has been a three-month-long effort by the printing and imaging company to acquire HP. Xerox’s current offer values HP at $24 a share, or $34 billion in cash and Xerox stock. “We believe HP shareholders appreciate that the value...
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US company SunDance acquires HP Indigo 6r Digital Press
Multi-channel print and marketing company SunDance has expanded its portfolio with the purchase of an HP Indigo 6r Digital Press. Following the acquisition, the company will be able to provide custom labels and flexible packaging to help businesses with branding and promotion goals. HP Indigo 6r Digital Press can print flexible, durable and portable packaging that can be used in food, beauty and health markets, as well as for pills, bars, gels, powders, and cream products. read the rest here
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HP will return $16 billion to investors to stave off Xerox bid
HP Inc. announced it will return $16 billion to shareholders in the form of buybacks and will boost cost cuts as it tries to rally investors against Xerox Holdings Corp.'s push for control of the world’s second-largest personal computer maker. HP said it would increase share buybacks to $15 billion from a $5-billion program announced in October. This will result in adjusted profit of $3.25 to $3.65 a share in fiscal 2022, which is about $1 more a share than analysts’ projections. HP also...
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HP in new discussions with Xerox on possible merger terms
Dubbing a $35 billion merger proposal by Xerox as “flawed” and “irresponsible,” HP confirmed it has reached out to its rival about terms for a possible combination, even as HP pledges to buy back an additional $10 billion in stock from investors in an effort to boost the value of its shares. Norwalk-based Xerox confirmed last autumn it had reached out to Palo Alto, Calif.-based HP on a merger. But HP’s board rejected the proposal , and Xerox vowed ever since to win over investors directly in...
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What Made HP Dismiss Xerox's Hostile Takeover Bid Again?
HP Inc. HPQ rejected another hostile take-over bid from Xerox XRX recently, arguing the offer undervalued the personal system (PC) maker. In a Mar 5 SEC filing, HP revealed that its board of directors has unanimously declined Xerox’s $24 a share cash-and-stock offer. Per the SEC filing, Xerox had commenced an unsolicited exchange offer for HP’s all outstanding shares on Mar 2. Per the offer, HP shareholders would have got $18.40 per share in cash and 0.149 Xerox shares for each stock of the...
Blog Post
This Week in the Copier Industry 10 Years Ago for the Second Week of May 2010
It's Sunday night just about 10:30PM. Not a lot of time to write tonight. Hope everyone enjoyed Mothers Day. Now let's go sell something tomorrow! Enjoy these threads from ten years ago this week! Konica Minolta eyes bigger role in commercial printing Guest · 5/8/1011:14 PM Konica Minolta eyes bigger role in commercial printing LOS ANGELES, CA—Konica Minolta has targeted commercial printing as a key growth opportunity for the company. Executives made the announcement at an event earlier this...
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HP/Xerox merger update
- Xerox filed a proxy statement with the SEC to support its slate of nominees for HP’s board of directors, o Expanded its board slate from 11 to 12 members, as it added former Alliant Energy CEO, Erroll Davis Jr. - Xerox’s CEO, John Visentin, stated that it will pause its public pursuit of HP amid the outbreak of coronavirus o Xerox’s shares have fallen 33% over past month - HP’s CEO, Enrique Lores, was recently interviewed by CNBC o “When we are talking about real overlap with Xerox, we are...
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Xerox Takeover Offer For HP Could Take A Hit From Stock Price Collapse
Xerox's hostile takeover bid for rival HP Inc. could hit a new snag if Xerox's stock price remains significantly down in the wake of the massive market drop of recent weeks, based an a CRN analysis of the offer. On Tuesday, Xerox reaffirmed that it is offering $24 per share in its tender offer for HP, through a combination of $18.40 per share in cash along with Xerox stock. However, as Xerox itself noted in its news release Tuesday, the stock portion of the offer is based on Xerox's closing...
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Slightly more revenue for MFPs/printers
- IDC reported that the overall shipment value of hardcopy peripherals (i.e. printers and MFPs) increased 0.9% during last quarter of 2019 calendar year o Revenue increase most likely due to 4.9% increase of color laser based units, instead of b/w - Unit shipments however declined 5.4% to 25.3 million units - Top vendors (includes consumer desktop units as well as commercial units, inkjet, laser, etc.) o HP = 9,774,917 units, down 9.1% o Canon = 5,429,210 units, down 9% o Epson = 4,810,454...
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Xerox/HP merger update
- Xerox press release stated: “In the past week, HP adopted a poison pill, expanded the size of its board and misrepresented the discussions that led to our offer, none of which will create value for shareholders. We’ve made a compelling offer, and HP should let shareholders decide what is in their own best interest without artificial constraints or factual distortions.” - HP is reportedly looking into other acquisitions--potentially seeking to combine forces with companies besides Xerox o...
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Canon to no longer make HP LaserJets?
Canon to no longer make HP LaserJets? - As reported by Nikkei Asian News, Canon’s CEO, Fujio Mitarai stated that Canon will end its 35-year relationship with HP, if Xerox takes over HP - "The foundation of this partnership is, above all else, built upon a relationship of trust between the top management of both companies," including HP CEO Enrique Lores and Tuan Tran, head of its printing division, Mitarai said in a written interview. - "At the same time, it also involves a great deal of...
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HP wants it dealers to grow MPS contracts
- Article in CRN magazine, Scott Lannum, HP's general manager of Americas commercial channel sales, tells CRN that HP 'has always been a channel-first company. We plan to maintain that.' - pledging to continue the company's focus on expanding contractual services, such as managed print services and Device-as-a-Service - "It's our belief that the days of selling transactionally to a customer are going to be replaced--and are in the process of being replaced--with those customized, end-to-end...
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HP to resell Papercut
- Announced it signed deal with Papercut Software, which is headquartered in Melbourne, Australlia - PaperCut is maker of secure print release solution software - PaperCut claims to have more than 100 million users in 60,000 organizations across 95 nations.
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Xerox makes double swoop for Altodigital and ITEC Connect
Xerox might have paused its attempt to acquire HP because of the Covid-19 coronavirus , but it is continuing to pick up service providers in the UK. The vendor has made a double swoop acquisition of Altodigital and ITEC Connect to add even more depth to its managed services coverage across the country. These latest deals comes just two months after the vendor picked up Wakefield-based Arena Group in January , as it indicated it was starting to roll out a strategy it had been following in the...
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Coronavirus undermines Xerox's hostile HP takeover bid
Xerox Holdings Corp. is pulling the plug on its hostile bid to buy larger rival HP Inc. after the coronavirus pandemic undermined the copier maker's ability to pull off the debt-laden merger. Xerox plans to end both its more than $30 billion tender offer and a proxy fight to replace the printer and PC maker's board, people familiar with the matter said. Xerox has concluded it is no longer prudent to pursue the deal given the public health crisis and resulting market swoon , the people said.
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HP to launch new production print systems
- Will be shipping new Indigo 7L and 7eco production color systems - Indigo 7K replaces Indigo 7900 o Top speed of 160ppm o Can upgrade 7900 to 7K o 7 colors online at same time Cyan, magenta, yellow, black, orange, violet, green, silver, premium white, fluorescent pink/orange/yellow/green, clear, matte, invisible, etc. o 812dpi with 8 bits per pixel Advertised as offering 2438x2438dpi o Maximum sheet size of 13”x19” o Supports up to 130lb. coated cover sheets (350gsm) Support up to...
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HP 9050dn printer need help!
Can anyone tell me what the list price for the 9050nd printer was with two paper trays and finisher please
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HP wins production print contract -
Award from Mepco Label Systems, a label printer in Lodi, CA - install of an HP Indigo 20000 production color system - will be used to digital flexible packaging - 30˝ format - To be used for applications such as stand-up pouches, zipper pouches and flexible packaging
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Keypoint Intelligence Unveils Buyers Lab PaceSetter Award Winners for the Manufacturing, Logistics, and Retail Markets
FAIRFIELD, N.J. (PRWEB) MAY 14, 2020 Keypoint Intelligence - Buyers Lab (BLI), the world’s leading independent evaluator of document imaging software, hardware, and services, today announced the winners of its BLI PaceSetter awards in Manufacturing, Logistics, and Retail. To determine which OEMs lead in these important vertical market segments, analysts at Keypoint Intelligence conducted an in-depth evaluation with participating document imaging vendors that drilled into over 60 points of...
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Re: HP Meet the S900 Series MFPs
These new units are from Sharp and hi end systems to boot, one never knows in this industry.
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Re: HP Launches Instant Ink Subscription Program
Some time ago I read that HP loses around 40% on every inkjet device they sell. Razor and blades I guess. How much can it cost to make a low end printer that works for a couple years or whatever? Lets hope that HP doesn't figure out how to totally destory the supplies and service business for the rest of us. If it wasn't for super high OEM supply costs would the MPS biz be worth it? I hope they don't figure out a good way to lock out vendors with supply discounts and easy blended device costs.
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Re: Why I Still Cold Call in Person!
as usual you are preparing for success and that's just one of the many reasons you are a successful professional