According to Coopers & Lybrand study:
o U.S. businesses generate more than 4 trillion paper documents
o Documents are proliferating at annual rate of 22 of 880 billion per year
o Out of every 100 documents created per week, 7.5 of them will be lost
o Average cost to recreate document, primarily payroll cost, is $220 each
o Average misfile rate of 3.5%
o Average cost per misfiled document of $120 to find them
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- A former employee of Memorial Sloan Kettering Cancer Center, Mr. Marque Gumbs, was sentenced for up to 7.5 years in prison for ordering $1.2 million worth of printer/copier toner cartridges, stealing them, and then reselling them over Internet.
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- Even though KPMG just won a $9.2 million contract from the federal government to conduct 150 HIPAA audits at unsuspecting healthcare facilities in the U.S. by end of 2012, KPMG itself apparently caused a HIPAA breach.
o A KPMG employee lost an unencrypted flash drive while working at Saint Barnabas Health Care System of West Orange, NJ
o The breach may impact over 4,500 patients
o Also includes patients from Newark Beth Israel Medical Center in New Jersey
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- A federal judge refused to dismiss a class action lawsuit filed against Hewlett Packard. Lead plaintiff, Chaim Kowalsky, claims that HP knowingly markets desktop MFPs that have defective document feeders. U.S. District Judge Lucy Koh found that the plaintiff raised a “plausible interference” that HP knew about the defect, rejecting HP’s motion to dismiss.
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- Business Solutions magazine gave out its annual Best Channel Products awards, based on feedback of VARs (computer valued added resellers):
o DMS category:
Computhink ViewWise
Hyland OnBase
o Document capture software:
AnyDoc
Kodak Capture Pro 2.5
o Desktop AIOs:
Canon imageRUNNER 1023
HP LaserJet Pro CM1415
o Desktop Scanners:
Canon imageFORMULA ScanFront 300P
Fujitsu ScanSnap fi-6010N
o Production Scanners:
Canon imageFORMULA DR-7550C
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- Hitachi Chief Executive, Hiroaki Nakanishi told issued a statement denying that the company was in talks to merge with Mitsubishi. Hitachi has annual revenue of 9 trillion yen, while Mitsubishi has revenue of 3 trillion yen per year.
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-Quark Inc., maker of the popular QuarkXPress digital color page layout and design publishing software, announced it has been purchased by Platinum Equity. (Quark’s main competition is Adobe inDesign)
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- Buck Consultants, a division of Xerox, announced results of survey of impact of upcoming new healthcare legislation:
o 75% believe healthcare costs will rise
o 43% expect a significant rise in healthcare costs
o 90% will pass increased costs on to their employees
o 28% are considering eliminating healthcare benefits for their employees due to rising costs
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- Hewlett Packard won a dismissal of a lawsuit filed against the company by some of its former sales people who claimed that were denied thousands of dollars in commissions due to a faulty billing system. U.S. District Judge Charles Breyer ruled that the reps did not have sufficient evidence that HP’s Omega system caused the company to deny commissions or pay them late.
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-According to data security survey of IT managers conducted by Somaini Research:
o 82% feel culture change is most important part of data security plan
o 67% feel that they do not currently have a culture of security
o 86% believe that they do not have enough funds and/or staff to accomplish security
o 67% believe their people do not have skills to get security job done
o 33% have not created a formal report on security risk to C suite
o 53% have not had security level goal conversation with C suite
o 55% do not communicate monthly with employees about security
o 48% see malware as a significant threat
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- In a recent article, Larry Dignan of Ziff Davis Publications, predicts that current stock market issues will negatively impact spending on IT hardware:
o “Juniper Networks seeing economic hiccups”
o “Cisco seeing warning signs amid its own execution issues”
o “Forrester Research was ready to cut its IT spending forecast”
o Qualcomm has 50.9 days of inventory
o AU Optronics, maker of LCD panels, has 45.9 days of inventory
o Contract equipment manufacturers, Flextronics, Sanmina-SCI, Jabil and others all have high inventory levels
o Retailers and distributors – Ingram Micro, Tech Data and Best Buy all have inventory levels that are “lofty”
o Cell phone makers, Nokia, RIM and Motorola have high inventory levels
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- Copier data security in the news again. The National Retail Federation magazine published an article stating:
o “nearly every digital copier built since 2002 contains a hard drive, much like the one on your personal computer….these drives store images of every document copied, scanned, or emailed from the machine…add the network component and now your current systems may be exposed?
o “millions of copiers and printers in thousands of companies worldwide are ripe targets for cyber-thieves”
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- Monroe, Michigan police arrested two men in their 20s, 18 year old woman, and a 16 year old boy, for allegedly making fake $20, $50 and $100 dollar bills using a color copier.
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