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HP Inc. CEO discusses backorders & MFPs

HP CEO Enrique Lores interviewed by CRN magazine
- Company is dealing with $10 billion worth of backorders (all products)
- “we expect to be – fortunately and unfortunately – at a similar level” in terms of backlog at end of quarter 10/31/21
- “you will see a gradual improvement over the next quarters”
- “Acquisitions are clearly a part of our plan. We have demonstrated that during the last quarters. And we will continue to do that in the future”
- “...we are going to continue to modernize our traditional printing model. And this shift to Instant Ink, this shift to experiences, is really a big part of our strategy”
o “At the same time, on the office side, where we work with the commercial
channel, we continue to see a very strong opportunity to grow in the contractual space”
o “we see a shift from A3 to A4....which makes our portfolio more relevant”
o “we are working actively with many of our channel partners to drive that
transition”

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