Tagged With "HP"

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Re: HP Meet the S900 Series MFPs

Art Post ·
These new units are from Sharp and hi end systems to boot, one never knows in this industry.
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Re: Worldwide Large Format Printer Market Posts Third Consecutive Quarter of Growth in Unit Shipments and Shipment Value, According to IDC

yeti ·
I'm noticing a trend that wide format customers it seems that a number of them are looking at 3D printers.
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Re: Worldwide Large Format Printer Market Posts Third Consecutive Quarter of Growth in Unit Shipments and Shipment Value, According to IDC

Old Glory ·
Makes sense. They know CAD which is most peoples biggest hurdle with 3D.
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Xerox launches shareholder fight for control of HP aftere $33 billion offer is snubbed

Art Post ·
AFP-JIJI NEW YORK – Xerox said Tuesday it would take its hostile takeover offer for HP to shareholders after the computer and printer maker rejected the $33 billion offer. The copy machine pioneer said it would make its case to shareholders because the HP board “continues to obfuscate and make misleading statements” about the proposed tie-up. “The potential benefits of a combination between HP and Xerox are self-evident,” Xerox chief executive John Visentin said in a letter to HP’s board.
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Carl Icahn says the HP-Xerox merger is a 'no-brainer'

Art Post ·
Carl Icahn posted an open letter to HP shareholders Wednesday morning, trying to pressure the board of the computer and printer company to reverse its rejection of the $22-a-share bid for the company from Xerox. The activist investor is a substantial holder in both companies and sits on the Xerox board. In the letter, Icahn attacks HP management’s “unreasonable refusal to engage in a customary mutual due diligence process”. He goes on to position the discussion as a matter of fiduciary...
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Carl Ichans Open Letter to HP

Art Post ·
New York, New York, December 4, 2019 — Today, Carl C. Icahn released the following open letter to shareholders of HP Inc. December 4, 2019 Dear Fellow HP Shareholders, I beneficially own 23,456,087 common shares of Xerox Holdings Corporation, constituting approximately 10.85% of the outstanding shares, and 62,902,970 common shares of HP Inc., constituting approximately 4.24% of the outstanding shares. These holdings place me among the largest shareholders of each company and I, as well as...
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HP gets a new buyout offer from Xerox

Art Post ·
Xerox on Monday has begun taking its case to acquire HP directly to the company’s shareholders Monday, arguing in a presentation that HP stockholders’ share of the combined company could be worth more than 50% more than its current value. In a presentation made public on Xerox’s investor relations website Monday morning, the company said it is prepared to offer HP shareholders $17 a share for their stock, and 48% ownership in the combined firm if they accept Xerox’s terms. Xerox said that...
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HP gets a new buyout offer from Xerox

Art Post ·
Xerox on Monday has begun taking its case to acquire HP directly to the company’s shareholders Monday, arguing in a presentation that HP stockholders’ share of the combined company could be worth more than 50% more than its current value. In a presentation made public on Xerox’s investor relations website Monday morning, the company said it is prepared to offer HP shareholders $17 a share for their stock, and 48% ownership in the combined firm if they accept Xerox’s terms. Xerox said that...
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Xerox and HP Update

Art Post ·
Xerox and HP possible merger update - Carl Icahn is urging HP Inc. to push ahead with takeover talks with Xerox o arguing the hardware maker’s standalone plans amount “to little more than rearranging the deck chairs on the Titanic.” o Claims that a tie-up between the companies could yield more than $2 billion in synergies o “It is absurd for the HP board and management team, with such a history of underperformance and missteps, to claim to have had a sudden epiphany and now expect...
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Carl Icahn Bought HP Stake Knowing of Xerox Bid Plans, Fund Says

Art Post ·
A Xerox Holdings Corp. shareholder sued Carl Icahn and an investment vehicle he controls, alleging they bought $1.2 billion worth of HP Inc. shares knowing that Xerox was considering acquiring the stock at a premium. The Miami Firefighters Relief and Pension Fund filed the lawsuit in New York state court in Manhattan on Friday, alleging Icahn, Icahn Capital LP and High River Limited Partnership breached their fiduciary duties to Xerox read the rest here
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Xerox woos HP shareholders with $1.5-billion sales growth target

Art Post ·
(Bloomberg) -- Xerox Holdings Corp. believes its proposed HP Inc. takeover would create as much as $1.5 billion in potential revenue growth, according a presentation to HP’s shareholders made public Monday. The printer maker outlined its case for a tie-up between the companies, arguing the combined firm will be worth about $31 a share to HP investors on a pro-forma basis. The merged entity will generate more than $4 billion in free cash flow in the first year before taking any synergies into...
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Canon Solutions America, HP, Ricoh Sponsoring Wide-format Summit 2020

Art Post ·
Canon Solutions America , HP and Ricoh joined the Wide-format Summit 2020, which takes place April 20-22 at the Hyatt Lost Pines in Austin, Texas, as official event sponsors. The new event will be co-located with the eighth annual Inkjet Summit and will have its own content track, but share in select networking functions and dinners. The Wide-format Summit is produced by Wide-format Impressions Magazine, NAPCO Media and the SGIA. This newest event is designed for senior managers and...
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Xerox and HP Update

Art Post ·
Xerox has begun taking its case to acquire HP directly to the company’s shareholders, arguing in a presentation that HP stockholders’ share of the combined company could be worth more than 50% more than its current value Claims that new company would create $1 billion to $1.5 billion in new revenue growth by means such as integrating HP products into Xerox’s service offerings and cross-selling each company’s products Xerox increased its offer price from $22 per share to $31 To achieve $2...
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HP Offers Financing

Art Post ·
HP offers new financing - expanded its financing and leasing options for dealers and customers - partnership agreement with HPE Financial Services (HPEFS) and DLL Group - “As HP becomes more aggressive in its shift to a services-led model, financing is a capability we are prioritizing and integrating into more of our solutions. We strongly believe the more innovative our payment solutions are, the more likely we are to secure new business and maximize refresh opportunities.” - plans to...
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Wide Format market report from IDC

Art Post ·
- Data for last quarter, detailing sales worldwide - HP = 33.8% marketshare - Canon = 19.4% marketshare - Epson = 17.1% marketshare - Total shipments declined 0.5% - U.S. shipments increased 9%
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HP Again Dismisses Xerox $33 Billion Deal

Art Post ·
HP Inc. HPQ again has dismissed a takeover bid by Xerox ( XRX ) - Get Report , telling its would-be suitor its $33.5 billion offer “significantly undervalues HP — and is not a basis for discussion.” A letter sent Wednesday to Xerox CEO John Visentin from HP CEO Enrique Lores and Chairman Chip Bergh states, “We reiterate that the HP Board of Directors' focus is on driving sustainable long-term value for HP shareholders. Your letter dated January 6, 2020 regarding financing does not address...
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Xerox-HP merger update

Art Post ·
- Xerox’s sent letter to HP’s board of directors January 6 saying Xerox has secured $24 billion in financing to acquire HP o Banks providing financing include; Citibank, Mizuho, and Bank of America - Xerox is not relenting in its unsolicited offer to acquire the larger HP o HP shareholders would get $22 per share, including $17 in cash and 0.137 Xerox shares for each HP share to give HP shareholders 48 percent of the combined company o HP rejected Xerox’s offer by stating:  "Your letter...
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BLI gives out awards

Art Post ·
BLI gives out awards - announced its Winter 2020 Pick award recipients in the Printer/MFP category: - Epson EcoTank ET-2760 & 4760 inkjet MFPs - Xerox DocuPrint 4405D laser printer - HP Color LaserJet Enterprise M751 & M479 series of color MFPs - HP LaserJet Enterprise M507 & M428 series of b/w MFPs - Ricoh IM C300 series of color MFPs - Sharp MS-B476W b/w MFP - Sharp MX-2651, 3071, 33571, 4071, 5071, 6071 - Sharp MX-C304W, M2651, M3071, M3571, M4071, M5071 & M6071 - Kyocera...
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HP confirms it received a business proposal from Xerox

Art Post ·
Xerox is in talks with HP Inc. about a possible "business combination" during a time when digital products increasingly displace printed materials. HP issued a statement on Wednesday acknowledging an offer from the copier maker and disclosing it has had similar discussions in the past. The statement did not say what price or deal Xerox offered. It also didn't overtly indicate whether HP is moving forward with a merger or acquisition. "We have had conversations with Xerox Holdings Corporation...
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5 Things To Know About A Potential Xerox-HP Deal: ‘The Copier King And The Printer King Combined’

Art Post ·
A Deal Designed To Print Cash Rumors of a possible Hewlett Packard and Xerox deal has lit up every corner of the printer copier market, with many saying the tie-up could pave the way to a combined enterprise that is not only bigger, but smarter in its approach to the declining industry. The news comes as Xerox celebrates a year of steady growth under the leadership of Carl Icahn’s hand-picked board and CEO. With a market cap of $30 billion, HP is more than three times the size of Xerox’s...
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Sunday Strategist: Here’s Why Xerox Wants to Buy HP

Art Post ·
Sunday Strategist: Here’s Why Xerox Wants to Buy HP I started covering what's now called Xerox Holdings Corp. in 1982, when I was 24 years old and I opened a correspondency for the Associated Press in Rochester, N.Y. Xerox was already past its glory days. It was known for having lost most of its copier market share to the Japanese. It had invented—but never exploited—the key computing technologies that went into the Macintosh computer, which came out in 1984. Some of my headlines from those...
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Frustration Over Broken Printer Leads Houston Firm to Sue HP Inc. for $100,000

Art Post ·
Printers: They can be a real pain in the butt. Who among us has not, at some point in time, wanted to smash a malfunctioning printer? One Houston law firm took a different route—a lawsuit seeking $100,000—when its HP printer broke, and the firm felt HP Inc. wasn’t honoring its warranty by refusing to send a service technician to the office. The litigation among The Cweren Law Firm, HP and a sales representative reached the U.S. District Court of the Southern District of Texas after HP...
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Color-Logic Certifies HP Latex R2000 Printer

Art Post ·
PRESS RELEASE For Immediate Release For more information, contact: Mark Geeves at 513-258-0047 or mark@color-logic.com Color-Logic Certifies HP Latex R2000 Printer West Chester, Ohio, USA; March 2019 -- Color-Logic has certified the HP Latex R2000 Printer with white ink. Discussing the printer certification, Color-Logic Director of Sales and Marketing Mark Geeves said: "The versatility of the HP Latex engine with white ink on a metallic substrate, in combination with the Color-Logic color...
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HP to cut 7,000-9,000 jobs from global workforce by 2022

Art Post ·
“The company expects to reduce gross global headcount by approximately 7,000-9,000 employees through a combination of employee exits and voluntary early retirement,” the print giant said in a statement from its headquarters in Palo Alto, California. “The company estimates that it will incur total labour and non-labour costs of approximately $1.0 billion in connection with the restructuring and other charges, with approximately $100 million in fiscal Q4 of 2019, $500 million in fiscal 2020...
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PACK PRINT INTERNATIONAL 2019 REFLECTS STRONG ASIAN PACKAGING AND PRINTING MARKETS

Art Post ·
October 2019 FOR IMMEDIATE RELEASE Press Contact: Anne Meerboth-Maltz Tel. (312) 781-5185 Fax (312) 781-5188 Email: ameerboth@mdna.com Messe Düsseldorf North America 150 North Michigan Avenue Suite 2920 Chicago, IL 60601 PACK PRINT INTERNATIONAL 2019 REFLECTS STRONG ASIAN PACKAGING AND PRINTING MARKETS The 7th edition of PACK PRINT INTERNATIONAL at BITEC in Bangkok was a resounding success. Over 19,000 trade visitors from 62 countries attended the International Packaging and Printing...
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Xerox still pushing for HP takeover

Art Post ·
WHECTV Updated: December 29, 2019 07:19 PM Created: December 29, 2019 07:14 PM (WHEC) — Xerox's multi-billion dollar plan to buy office company HP could be headed for a new go-round. Xerox has been offering $33.5 billion to buy the company since November, but HP's board has rejected their offer. However, according to a report in finance magazine Barron's , HP is in a window in which stockholders will be able to replace board members until mid-January. A new board may give the proposed deal a...
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Xerox lines up $24B financing package in HP bid

Art Post ·
Xerox confirmed Monday it has $24 billion in financing commitments from Citi, Bank of America and another lender, as the Norwalk-based company continues to pursue a merger with HP after an initial rejection in November. In a letter to HP executives, Xerox stated it has “engaged in constructive dialogue” with HP shareholders, after vowing to pursue a hostile takeover absent any meaningful commitment to negotiations by HP’s board of directors. “We have always maintained that our proposal is...
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HP wins MPS contract

Art Post ·
- Award from Prisma Health of South Carolina - Included PageWide A3 MFPs - Integrated with Cerner EHR - Nitin Patel, CDO of Prisma Health stated; “Print is not going away anytime soon. But when print can play an active role in the workflow, helping to facilitate patient care, improved patient outcomes, it can play an important role in promoting an organization’s clinical goals and supporting true value-based care”
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Keypoint Intelligence - Buyers Lab Reveals Winners of Winter 2020 Printer/MFP Pick Awards

Art Post ·
FAIRFIELD, N.J. , Jan. 7, 2020 /PRNewswire-PRWeb/ -- Keypoint Intelligence - Buyers Lab (BLI), the world's leading independent provider of testing services and analytical information to the document imaging industry, today announced its Pick award recipients in the Printer/MFP category, with the accolades going to stellar devices from Epson, Fuji Xerox, HP, Ricoh, and Sharp. Awarded twice annually for office equipment, Picks acknowledge the products that gave the best performances in Buyers...
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HP And Xerox Have Major Disagreements Over Takeover Bid: Report

Art Post ·
There are serious areas of disagreement between the leadership teams at HP Inc. and Xerox over the details of how the two companies would be combined, according to a report. Xerox—which has made a takeover offer for HP that is reportedly 23 percent higher than where HP shares started the month—may offer HP four weeks to perform due diligence on the deal, Bloomberg reported. [Related: 5 Reasons HP Might Oppose The Xerox Takeover Bid ] The deal is somewhat unusual as Xerox is proposing to...
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Rapidly Raise in Managed Print Services Market 2019-2029 to Surge at a CAGR of +7% by Canon Inc., HP Inc., Lexmark International Inc., Ricoh Co. Ltd., Xerox Corp.

Art Post ·
“ Managed Print Service” (MPS ) is defined as gaining visibility and control of your printing, which helps you save money and boost productivity. Overseen print likewise encourages you improve ecological supportability and archive security. Managed Print Services Market 2019 Report grants a generous outline of Industry Status just as, recent development, Product manufacturing, and Key Manufacturers. The report gives exhaustive investigation on Market concern. The most recent report about the...
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HP partners with Adobe for 3D print

Art Post ·
- announced Project Captis, a collaboration between HP and Adobe for developing an end-to-end product for the entire 3D-printing process - from design at the computer workstation, to 3D printing, using HP Z computer workstations, Adobe Substance Alchemist software, and with HP Multi Jet Fusion 3D printers - technology captures images of real-world materials and processes the raw images into digital materials via photometry - Creators an then use these digital materials as elements for...
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HP reorganization details

Art Post ·
- transforming HP’s global structure from three operating regions — the Americas; Europe, Middle East, and Africa (EMEA); and Asia-Pacific — to 10 more localized sales markets - Enrique Lores, who previously served as the head of the company’s imaging and printing division, is now the company’s CEO - Christoph Schell, who had served as the company’s president of 3D Printing and Digital Manufacturing, is now HP’s first chief commercial officer, overseeing all sales and revenue activities,...
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HP Inc. to pay out $300 million

Art Post ·
- Hewlett Packard Enterprise is set to reap a $300 million windfall from HP Inc. as a result of a “tax matters’ termination agreement related to the formal separation of the two companies four years ago - Under the ‘Termination Agreement,’ HP has agreed to pay HPE $200 million on or before Oct. 31, 2019; $50 million on or before Oct. 31, 2020 and $50 million on or before Oct. 31, 2021, according to a filing Monday with the U.S. Securities and Exchange Commission.
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Xerox-HP merger is ‘a no-brainer,’ says Carl Icahn

Art Post ·
Activist investor Carl Icahn is pushing for the proposed union of Xerox Holdings Corp. and HP Inc., arguing that a combination of the printer makers could yield big profits for investors. Icahn, who owns a 10.6% stake in Norwalk, Conn.-based Xerox XRX, +2.79% , told The Wall Street Journal that he also owns a 4.24% stake in HP HPQ, +3.07% , valued at roughly $1.2 billion. His stake in HP, not previously reported, could increase pressure on the printer and personal-computer company to strike...
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Carl Icahn takes stake in HP, pushes for merger with Xerox

Art Post ·
Activist investor Carl Icahn has bought a $1.2 billion stake in HP Inc and is pushing for the personal computer maker’s merger with printer maker Xerox , arguing that a union could yield big profits for investors, The Wall Street Journal reported on Wednesday. Icahn, who owns a 10.6% stake in Xerox, now owns a 4.24% stake in HP, the Journal said. An HP spokesperson told Reuters the company is aware of Icahn’s investment and is committed to doing what is in the best interests of all HP...
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The ‘strictly confidential’ Xerox offer HP Inc rejected

Art Post ·
On Sunday, HP’s board of directors nixed Xerox’s recent offer that lit up the printer copier market with buzz during the last two weeks as the legacy behemoths mulled coming together. HP said it was not tossing out the idea of the two giants merging at some point, but it was saying no to this Xerox offer. “We recognize the potential benefits of consolidation, and we are open to exploring whether there is value to be created for HP shareholders through a potential combination with Xerox,”...
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HP Rejects Xerox Offer as Too Low While Staying Open to Deal

Art Post ·
HP Inc. ’s board unanimously rejected Xerox Holdings Corp. ’s unsolicited takeover proposal, saying the $22-a-share offer is too low and citing concerns about the smaller rival’s prospects in the printing industry. HP is “open to exploring” a merger but there are “fundamental questions that need to be addressed,” Chief Executive Officer Enrique Lores and Chairman Chip Bergh wrote in a letter to Xerox CEO John Visentin. They cited Xerox’s revenue decline since June 2018, “which raises...
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Xerox gives HP an ultimatum to reconsider acquisition, threatening to take its case to shareholders

Art Post ·
Points Xerox CEO John Visentin wrote a letter to HP’s directors asking that they reconsider the company’s takeover bid before the board brings its case to HP shareholders directly. HP’s board unanimously rejected Xerox’s bid to acquire the company over the weekend. The HP board argued the deal undervalued the company and was not in the best interest of shareholders. Xerox’s board of directors threatened to go to HP’s shareholders if the company does not reconsider its acquisition bid, Xerox...
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Konica Minolta Australia extends re-seller relationship with HP to include the HP Latex range

Art Post ·
August 12, 2019 – Konica Minolta Australia is extending its existing partnership with HP to include reselling its wide format printer range, the HP Latex Production Printers and Print and Cut solution up to 1.63 metre roll widths, in the Australian market. The HP Latex Production range is capable of printing both indoor and outdoor wide format applications, with a wider application versatility and a higher profit potential. The HP Latex range expands the print opportunity beyond vinyls and...
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Copier Dealer Acquisitions from Last Week

Art Post ·
Hendrix Business Systems has acquired Nimble Technologies. Both dealers are located in North Carolina. Hendrix in Matthews and Nimble in Charlotte. Acquisition took place on July 30th, 2019 From the web site, it seems Hendrix is now offering HP, Canon and Xerox
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Versus Systems, Inc. Executes Agreement With HP, Inc.

Art Post ·
Los Angeles, CA – August 6, 2019 – Versus Systems Inc. (VS) (otcqb:VRSSF) (frankfurt:BMVA) (“Versus”) announces that it has executed an agreement with HP, Inc. (NYSE:HPQ) to license Versus' WINFINITE technology for use in HP products and services. The agreement provides for the non-exclusive use of Versus' technology and prizing software by HP and for access to the WINFINTE platform. Matthew Pierce, CEO of Versus Systems comments, "Reaching this agreement is an important step for our...
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What Color Plotters Would You Recommend?

Art Post ·
I also received this email today from an end user. Thought it would be good to see what others would recommend and why. I am comparing 3 plotter brands to know which is the best option to buy. I'm looking for which one is better between Ricoh CW2201, Canon Tx4000 and HP T830, considering quality and speed of printing on plans.
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HP Reinvents Print Experiences for Architecture, Engineering and Construction Pros

Art Post ·
PALO ALTO, Calif., May 20, 2019 (GLOBE NEWSWIRE) -- Working together just got simpler. Meet HP’s app-based and cloud connected multi-function printer portfolio designed for the architecture, engineering and design community. With seamless set-up and cloud-based connectivity, the portfolio is designed to print, scan and copy from virtually anywhere, with smart apps, interfaces and overall fewer “clicks” to print. Easy and direct “ready when you are” printing means teams of all sizes can...
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Canon, HP Take Home First-Ever BLI PaceSetter Awards for Leadership in MFP Accessibility

Art Post ·
FAIRFIELD, N.J. (PRWEB) May 22, 2019 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 the MFP Accessibility arena. This award recognizes the document imaging OEMs that offer the strongest set of accessibility features in their MFPs, while also going the extra mile to promote, sell, and support equipment with these capabilities. The winners for...
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Multiple US converters invest in HP Indigo 8000 as demand for digital labels continues to grow

Art Post ·
HP has detailed a number of new installations across the US for the HP Indigo 8000 digital press, supported by the continuing surge in demand for digital label production. Six notable investments by US label and packaging converters include at Innovative Labeling Solutions (ILS), Dion Label Printing, Nosco, Info Label, Quality Tape and Label, and Natural State Label. Citing figures from Smithers Pira, HP noted that the global market for printed labels and sleeves in 2019 will be $41 billion...
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HP and Xerox Expand Business Relationship

Art Post ·
June 04, 2019 09:00 AM Eastern Daylight Time PALO ALTO, Calif. & NORWALK, Conn.--( BUSINESS WIRE )--HP Inc. (NYSE: HPQ) and Xerox Corporation (NYSE: XRX) today announced an expansion of the companies’ business relationship. Xerox will source from HP certain A4 and entry-level A3 products with the majority running on Xerox’s award-winning ConnectKey® controller software, and Xerox will supply toner to HP for these and other products. The printers will be based primarily on the laser...
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Ricoh Wide Format is okay but...

Art Post ·
Just noticed today that the Ricoh MP W6700SP is coming up on the three year anniversary of it's launch. The MP 6700SP has proved to be an awesome device and helping with upgrading many of the older W3601's. Lately, I'm seeing a shift in needs for wide format. More and more users are asking for color wide format and they really don't want ink based devices (except for the HP Pagewides). The CW2201SP is great but has some limitations. Would really like to see Ricoh partner with memjet and...
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Keypoint Intelligence’s North American Security PaceSetter Awards Recognize HP and Konica Minolta for Leadership in Imaging Technology and IT Services

Art Post ·
FAIRFIELD, N.J. (PRWEB) November 21, 2019 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 Security. The award in the area of Imaging Technology Leadership recognizes the document imaging OEM that has the most comprehensive of offerings and programs when it comes to print-environment ecosystems. The award for IT Assessment & Remediation...
 
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