Wednesday, March 16, 2011

MFP Weekend Industry Notes 3/13/2011

Everyone this will be my last blog until 3/24/2011, off to Aruba with the wife for President's Club!!! Yippe!

- Hewlett Packard officials are refuting a story being published in Asian newspapers that claims that the company is going to sell its hardware business to Samsung or Lenovo. HP executive, Bill Wohl said; “irresponsible reporting and should be dismissed as market rumor and speculation”

- A California judge ruled that HP may keep shielded from the public documents related to its summary judgement motion in a long-running class action suit over an alleged display screen defect in its Pavillion notebook computers.

- IDC reports that the worldwide printer and copier market grew by 7% in last quarter of 2010.

- ProSource, a Konica Minolta dealer in Cincinnati, Ohio, announced it acquired docuVision, a local document management systems dealer.

- ECi, which makes software used by copier dealers to run their business (OMD, LaCrosse, NexGen, etc.) announced it has acquired FM Audit, which makes managed print services software. Purchase price not announced.

- Thomas Reprographics, NRI and CallPrint have formed LINK Document Services Group, which will be a joint venture to provide managed print services to customers in the U.S. LINK’s first action was to acquire Sepialine, Inc. and its Argos software platform.

- Toshiba announced it will invest to expand its plant in Houston, Texas which makes electric motors for hybrid automobiles.

- Lexmark is preparing itself to be sold, according to Frank Voisin, of iStockAnalysis. The company has taken following recent actions that are common when a company wants to sell:

o amended its employment agreements

o ensuring continued employment and benefits for senior executives in case of change in control

o providing bonus if terminated without good cause following change in control

- Police in Gainesville, FL arrested Douglas Brian Osborne after he attempted to use fake $20 bills at a local Stubby’s restaurant that he made using a color copier.

- Police in Texas are searching the Alamo area for people who are using fake $20 bills made on a color copier to buy products from local Kmart, Walgreens and Lowes stores.

- Nuance announced the availability of a Macintosh version of its PDF Converter software.
- Kodak announced it has borrowed $250 million via a private placement of senior secured notes due in 2019. $50 million of these funds will be used to refinance a previous loan that was due in 2013.

-=Good Selling=-

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