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Showing posts with label Kofax. Show all posts
Showing posts with label Kofax. Show all posts
Sunday, August 22, 2010
MFP Weekend Industry Notes 8/22/10
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- The U.S. Commerce Department stated that businesses have boosted their spending on equipment and software by 21.9% in the second quarter of 2010. Related:
o KPMG stated its survey showed that 35% of manufacturing executives expect to increase spending on equipment/software in 2010
o 27% of service company executives will increase spending
- According to InfoTrends, color printing will gain share of revenue (equipment, supplies and service) from 65% to 77% in 2014.
- Muratec launches the MFX-2590 featuring:
o A4 b/w laser desktop MFP
o Actually made by Muratec
o 8.5” color LCD control panel
o Base MSRP of $3995
o 25ppm top speed
o 600x600dpi
o Copy/scan/print/fax standard
- Oce’, a division of Canon, announced it would relabel a Brother A4 b/w laser MFP, and call it the Oce’ VarioLink 3200x with top speed of 32ppm.
- Oce’ announced that it won a facilities management contract from Rolls-Royce Aerospace. Oce’ claims it is saving the firm up to 735,000 euros, and reduced the fleet by 100 machines.
- Office Products Analyst announced the results of its annual Color MFP End User survey. Details:
o based on respondents from survey sent to businesses across the U.S.
o users were ask to rate the performance and effectiveness of their color laser MFP in the following categories:
total cost of operation
operability/functionality
image quality
workstation/network compatibility
o The manufacturer that received the greatest number of first place ratings was
= Konica Minolta
o The manufacturer that received the highest overall average rating was
= Konica Minolta
-Ricoh apparently will be relabeling a Brother made desktop unit, and call it the FAX1190L for $595 MSRP. (manufacturer’s suggested retail price)
-A scientist from Argonne National Laboratory, named Mr. Vilas G. Pol, claims that he has invented a way to make toner from discarded plastic grocery bags.
- Hewlett Packard announced it sold two Indigo 5500 digital color systems to L&L Printers of San Diego, CA. It also sold an Indigo 7500 system to ORWO Net of Germany.
- The Japanese government fined Hewlett Packard $270 million for underreporting its taxable income.
- A group of investors is suing former HP CEO, Mark Hurd, claiming his disclosures surrounding his resignation led to a drop in share value.
- Microsoft announced it will release a record number of patches for its operating systems next week. All told, Microsoft will release 14 security update bulletins, fixing 34 vulnerabilities.
- Offset press maker, Heidelberg of Germany, reported a net loss of 52 million euros and announced that it will lay off an additional 278 workers.
- Better Buys For Business magazine gave out its annual “Editor’s Choice” awards for high speed b/w systems to:
o Konica Minolta bizhub PRO 950
o Konica Minolta bizhub PRO 1051
o Konica Minolta bizhub PRO 1200
o Kodak DigiMaster EX series
o Canon imageRUNNER 7095
o Canon imagePRESS 1100 series
o Ricoh PRO 907/1101/1357
o Oce’ VarioPrint 4110/4120
o Xerox 4127
o Xerox Nuvera series
- ABBYY of Moscow, Russia, maker of OCR (optical character recognition) software, celebrated its 21st anniversary. It also celebrated its 10th anniversary of marketing its products in the U.S. (currently in court battle with Nuance and Iris of Belgium over validity of OCR patents)
- Kofax, maker of middleware software to connect MFPs and scanners to document management applications, announced it won a $2.3 contract from the U.S. military, for use in HR department. (Kofax competes with Nuance eCopy and NSi AutoStore)
- Sharp launched the “Portal Connector” for its OSA (open source architecture) equipped MFPs. Details:
o enables network scanning directly from MFP to key corporate applications
o scan to Microsoft SharePoint
o available to Sharp dealers who belong to the Sharp AIP (authorized integrator program)
o free for M283N, M363N, M453N, M503N, M623N and M753N models
o $349 for other models
- Sharp makes an executive change. John Herrington, formerly of LG Electronics, was named President of the consumer electronics division of Sharp USA, reporting to Toshihiko Tanimoto.
- Anvik, a Hawthorne, N.Y.-based maker of lithography systems, won a patent case against Sharp Corp., which could cost Sharp billions in damages.
o Originally filed in 2007, the suit said Sharp had infringed on Anvik's patents by importing liquid crystal display televisions that were manufactured using a method Anvik had invented.
o Sharp tried to get the case dismissed in 2009, saying that Anvik's patents did not apply because they were methods of use rather than manufacture. But Judge Stephen C. Robinson of the U.S. District Court for the Southern District of New York disagreed.
- Samsung of Korea launched the world’s lowest priced A4 desktop b/w laser MFP, called the SCX-4623W, which will offer 23ppm for $249. Toner cartridge has yield of 1,500 pages (based on 5% per page coverage) and sell for $62.99. Dell announced it will relabel it and call it the Dell 1135N.
- Samsung announced a new option for its laser MFPs, called the SCM SCR3310, which provides a Common Access Card reader for $299.99.
- The State of Washington announced that an audit found that Office Depot overcharged taxpayers $306,017 over three months for office supplies.
- Nuance, owner of eCopy, announced its last quarter’s financials:
o net loss of $1.5 million
o net income grew to $91.3 million from $73.3 million
o operating margin rose to 32.9% from 32.6%
o revenue up 13.4% to $273.2 million
o revenue from healthcare and dictation solutions rose 16.5%
o eCopy division revenue up 102% to $35.8 million
- IBM announced it acquired Datacap Inc., maker of document capture software, and headquartered in Tarrytown, NY.
- More details on the PREO Printelligence software being offered as an option by both Xerox and Toshiba:
o used in conjunction with a managed print services program
o made in Calgary, Canada
o software claims it can predict toner usage/coverage per page for each color before end user actually prints the page
it can only predict, as it does not actually measure the amount of toner applied, instead counts pixels
o software delivers balloon messages to end users’ PC to drive behavior, so end user is not guaranteed that the toner coverage stated is accurate
o collects data on printing behavior
- Adobe Corp. announced it has promoted David Wahhwani to Senior VP and GM of Creative & Interactive Solutions, reporting directly to COR, Shantanu Narayen. Senior CP John Loiacono has been appointed to lead the new Digital Media Solutions division, also reporting to Narayen.
- Long Island University announced it is giving all incoming freshman free Apple iPad computers. The same offer was also made by the School of Medicine at the University of California – Irvine.
-=Good Selling=-
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Tuesday, November 3, 2009
MFP Weekend Industry Notes 11/2/09

- Hewlett Packard has filed an injunction with the U.S. International Trade Commission in an attempt to bar Asian companies from importing print cartridges into the U.S. that violate HP’s patents and work with HP printers. The companies involved include Ninestar Technology of China, InkTec of South Korea and Acer of Taipei.
- Hewlett Packard announced a partnership with the University of Michigan to sell physical copies of over 500,000 rare books, while making digital versions available online for free. HP’s BookPrep service will take in raw scans of books, clean them up, and then offer print-on-demand copies for sale.
- MyFax Inc. announced that end users can download a free program that will allow anyone to fax from an application, using Internet Fax. The free software, MyFax Print-to-Fax Assistant, allows end users to Internet fax, by choosing Print from their application. End users must have an Interfax service, which MyFax can provide for a monthly subscription fee.
- Kofax, maker of document management software, announced that when businesses acquire a Fujitsu business scanner, they can get 50% off on Kofax Express software.
- Williams Lea announced it won a huge facilities management contract from Elizabeth Arden, a worldwide cosmetic company.
- A Chicago area man faces up to 20 years in prison for falsely claiming he was reselling high speed production print systems. Matthew Scott, owner of Gelsco Inc. of Northlake, Illinois, started as a printer repair company. However, in last 9 years Mr. Scott supposedly bilked 60 investors out of $28 million, claiming he was buying printers worth more than $100,000, and was able to resell them in under 90 days for 20% profit.
- A study conducted by Harris Interactive reveals that two out of three Americans prefer print media to email ads:
- 58% believe that the paperless office will never happen
- 64% prefer reading print on paper versus computer screen
- 67% would rather save money than save the environment
- 11% believe their company is now less likely to “be green”
- 26% say their company outsources print jobs at least once per year
- 19% say their company orders print over the Internet
- Kyocera announced two new options for its MFPs:
- ColorLock allows businesses to control color printing, achieved by offering a log-in screen that requests users to enter a passcode before they can use MFP, and allows color only to authorized users.
- AccessLock allows IT managers, through Microsoft Windows Active Directory, to set parameters to allow users access only to features need by their employee job functions
- Toshiba announced it is now reselling new solution software from Prism:
- deskRecord
- deskSystem
- deskForm
- Toshiba released its last quarter’s financials:
- Net loss of $2.2 million
- Sales fell 14%
- Will cut fixed costs by 10% on top of existing plan to cut 300 billion yen
- Will cut 3900 employees
- Will reduce research & development costs by 15%
- Will cut spending on equipment and factories by 59%
- Toshiba is under investigation by the U.S. Department of Justice for allegedly trying to fix prices and rig bids for computer optical disk drives.
- Toshiba launched a new battery it hopes to be used in cell phones. The Dynario is palm sized, and uses a mixture of methanol and ambient oxygen. The chemical reaction between the two generates electricity.
- Lexmark announced it has hired former Ricoh executive, Ken Owen, as Value Print Channel Development Director. This new position’s goal is to increase channel awareness of Lexmark’s managed print services program.
- University researchers trying to find way to remove toner from paper. Thomas Counsell & Julian Allwood of the University of Cambridge, claim that when they expose a printed image to 60% demethylsulphoxide and 40% chloroform, followed by ultrasound, toner is removed, and paper is reusable.
- Athens-Clarke County police in Georgia are on the lookout for someone who is making fake $20 bills on a color copier. Most recently, the fake currency was used to buy Halloween figures from a local retailer.
- EFI announced that its products, including Fiery print servers and MicroPress print systems, would immediately support Microsoft’s new operating system, Windows 7.
- EFI announced details on its last quarter’s financials:
- revenues of $100.9 million, down 30%
- net loss of $12.2 million
- net income of $1.2 million
- 22% growth in inkjet business
- Fiery revenue down 38% to $42 million
- Gross margin was down 57%
- EFI, in an effort to boost value of its stock, announced it will buy back $70 million worth of its shares.
- IDC announced that the enterprise publishing market (transpromo VDP production print) grew 8.3% in 2008, and “will continue to post strong growth over the next 5 years”.
- BEI, a company that tracks service data for copier dealers and market service management software, announced it has hired former Global/Xerox executive, Steve Rolla. Previous to Global, he was an executive with IKON.
- One leasing company buys another. EverBank Financial’s CEO Rob Clements, announced that the company acquired Tygris Commercial Finance Group. Purchase price not revealed.
- Another obscure company acquires patents and sues for licensing fees. St. Clair Intellectual Property Consultants, of Michigan, is now suing Apple Computer as it claims the company is violating patents it owns regarding digital camera technology. The company already has won the following lawsuits:
- $25 million from Sony Corp.
- $34.7 million from Canon
- $3 million from Fuji
- Other deals were struck with HP, Kodak, Verizon, Motorola & Sanyo
- Red Bend Software Inc. of Israel, is suing Google for patent infringement, claiming that the company violated a patented algorithm in Google Chrome Web browser.
- A managed print services company gets purchased. MyPrint Corp. of Irvine, CA, announced that a majority interest in the company was purchased by Triton Pacific Capital Partners, a private equity firm in Los Angeles. MyPrint’s president, Jeff Carlson, stated; “We are all excited about the opportunities to work closely with the Triton Pacific team in growing MyPrint to the next level”
- Sanyo, which is about to become a part of Panasonic, announced it sold its battery plants to Fujitsu for $71 million.
- Sharp reported its latest financials:
- net loss of $196 million for first half of fiscal year
- operating profit fell 96.9%
- total revenue fell 17.5%
- copier sales revenue down 19.2%
- Kodak reported its last quarter’s financials:
- revenue fell 26%
- net loss of $111 million
- revenue in production print fell 18%
- Oce’ announced it sold a VarioPrint 6160 monochrome production print system & CS665 Pro color system (relabeled Konica Minolta bizhub PRO C6501) to Fry Communications, a print shop in Mechanicsburg, Pennsylvania. The equipment will be used to print variable data direct mail pieces.
- Oce’ announced that the president of its Production Printing Systems division, Mel Babolyian, was named to the board of directors of NPES, the association for suppliers of printing, publishing, and converting technologies.
- Konica Minolta is partnering with companies in Russia to develop nanotechnology. The partnership with Sun Innovations and RUSNANO Corp, will apparently use industrial inkjet printers to make special coatings for solar panels.
- The Japan Industrial Design Promotion Organization (JIDPO), has given Konica Minolta four “Good Design” awards for the bizhub C220, C280, C360, C452, C552, C652, PRO 1051 and PRO 1200.
- Whack an old printer for a dollar. Students, faculty and staff at Purdue University were given the chance to use a sledgehammer to smash an old printer to raise money for the computer graphics department.
- The Equipment Leasing and Finance Association (ELFA), which tracks lending practices, stated that equipment leasing revenue fell 30.9% in September from the same month in the previous year to $4.7 billion. This is because of increase in delinquencies.
- Image Print & Sign Ltd. of New Zealand was fined by local government for illegally making copies of copyrighted books.
- PrintFleet is partnering with De Lage Landen in Europe to help copier dealers sell managed print services with a cpc lease program.
- In a survey of independent copier dealer service managers, Office Products Analysts found:
- average scanned pages per month on a scan-enabled MFP is 3,000 pages per month
- favorite brand based on reliability was Kyocera
- 54% admitted that they use Non factory original parts when they fix their copiers in the field
- 52% admitted that they provide their customers with Non factory original toner
-=Good Selling=-
Labels:
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Sunday, October 4, 2009
MFP Weekend Indsutry Notes 10/1/09

Apple Computer is reportedly working on a product to compete with net book computers. The rumored new Apple Tablet, would possibly offer:
- price tag of $599
- resemble larger version of Apple iPod Touch
- surf the Web
- play movies
- Gene Munster, an analyst with Piper Jaffray, predicts Apple could sell 2 million of the new product
In the new Microsoft operating system, Windows 7, is placed a fully licensed copy of XP operating system running in a virtual machine, allowing any program that absolutely has to run in XP, to do so at near native speed.
Former Microsoft executive, Michelle Hodges, has joined document management software company ReadSoft, as its Director of Channel Sales.
Fedex Office (fka Kinko’s), the print for pay chain, announced its last quarter revenues were down 12%. It also launched a web-to-print solution, allowing end users to place their print orders on-line, called the Fedex Office Design & Print Center.
Pantone, a division of X-Rite Corp, announced a new application for the Apple iPhone. Called, myPANTONE, end users can take a picture using the iPhone, and the software will match it up with the closest Pantone color. The company also confirmed that former Ricoh executive, Ron Potesky, is now Pantone’s Senior Vice President & General Manager. Prior to Ricoh, Ron worked 7 years for Canon.
Treeno Software, maker of enterprise content management (ECM) software, announced a new module that allows it to integrate with Salesforce.com, a customer relationship management system.
Dell Computer fights back against Hewlett Packard. Not to be outdone by arch rival HP buying Electronic Data Systems (EDS, founded by Ross Perot), Dell spent $3.9 billion to buy Perot Systems, which also was founded by Ross Perot. This will allow Dell to gain ground in the services businesses, including managed print services.
Kodak announced that is Creo IC-304 Plus print server has been approved and licensed by Pantone Corp. for use with Konica Minolta bizhub PRO C65hc production color system.
Kodak completed its acquisition of Bowe Bell & Howell (BBH) scanners:
- 50 employees were retained
- BBH had just released new scanners that use LED lighting
- One of BBH’s largest customers is Fedex, which has 2,000 of its scanners
- Kodak now has a product range from 20ppm to 400ppm
- MSRPs range from $495 to $99,995
Kodak announced it will offer software from MMR Information Systems Inc. as a bundling option with its scanner. MMR’s MyMedicalRecords software allows doctors to manage their electronic patient records.
Riso announced a new option for its high speed color inkjet printers. Details:
- Riso AR9100 option handles from 4”x6” to 10”x13” envelopes
- Handles card stocks up to 8.5” x 5.5”, and up to 110lb. index in weight
- Since there is no heated fuser section, it can handle window envelopes,
as the wax paper windows will not melt
- Base MSRP of $6295.00
- Works with the Olympus made Riso HC5500 and ComColor series
According to research firm, Qoucirca, only 20% of enterprises are using some type of managed print services.
A leading healthcare industry supply contracting company awarded a 3 year managed print services contract to WorkflowOne of Dayton, Ohio. Novation has more than 2500 members, including VHA, Inc., University HealthSystem Consortium (UHC) and connected to the 14,000 members of Provista, LLC. The contract is expected to produce $1.5 billion over the course of the contract. The contract also includes forms, labels and marketing collateral.
Former Hewlett Packard executive claims his former employer spied on him. Karl Kamb Jr., formerly HP VP of Business Development & Strategy, claims that HP hired private investigators to impersonate him in order to obtain confidential home & cell phone records. He also claims that when he was at HP, the company ordered him to uncover details of rival Dell Computer printer products.
HP announced it won a 7 year managed print services contract from S.A. Vale, a large mining company with headquarters in Brazil.
HP’s CFO, Cathie Lesjak, told financial analysts that she expects the company to grow 3-5% in 2010, but printer and MFP sales only up 2%.
An interview with Hewlett Packard executive Tom Codd, Director of Enterprise Marketing, revealed more info on its new Canon relationship:
- “As the alliance with Canon evolves, HP will assess the possible extension into the channel space. This could include, but not be limited to, some select OPS partners that will be designated as agents”
- “Canon will provide servicing and support for their full range of MFDs. HP will remain the initial point of contact for the customer in support, break/fix and supplies replenishment situations”
- “Canon service personnel will be dispatched for the actual support work”
- “HP continues to sell the CM8060 and CM8050 MFPs with Edgeline Technology”
A major chain of print for pay franchises gives Konica Minolta a coveted award. Allegra Network (Allegra Print & Imaging, American Speedy Printing, Insty-Prints, Zippy Print, Speedy Printing, etc.) gave out its “Supplier of the Year” award to KMBS. Tim Wood, VP of Technology for Allegra said KMBS won the award because:
- “Receiving this award shows a dedication not only from the corporate staff at Konica Minolta but more importantly the technicians in the field”
- “Konica Minolta has put together a very strong program for our system and it is good to see this hard work is being recognized”
A man who invented way to make an inkjet printer assemble living human cells into skin, is awarded $900,000 in a court case. Researcher, Robert Kiebe, won a trial that forces his current employer, University of Texas Health Science Center, after a jury found that UTHSC caused him mental anguish after it tried to push him out of the University and profit from his invention.
According to Paystream Advisors:
- only 45% of Fortune 1000 companies have invested in document imaging systems for invoices.
- 44% don’t use OCR for invoices at all.
- Only 16% use OCR for more than 40% of their invoices
The Financial Accounting Standards Board (FASB) announced new reporting rules that may impact the industry:
- FASB changed its requirements concerning companies that report the revenue of hybrid products, or “vertically integrated stack of hardware, software and service to customers” over
the life span of the product.
- Under previous rules, companies had to amortize hardware, software and services over eight quarters or a two-year period, which meant recognizing only 1/8 at a time (12.5%).
- Under new rules, hardware can be recognized immediately while software and service still amortized over life of product.
- Most firms will have to wait until fiscal years that start after 6/15/2010 to use the revisions.
According the U.S. Bureau of Labor Statistics, the high-tech industry shed 115,000 jobs between January and June of this year. From June of 2008, through June 2009, the total loss is 224,100 jobs.
Lenovo Group, which purchased IBM’s PC unit in 2005, announced a $16 million quarterly loss due to slow economy.
Okidata announced it is partnering with Dalian University of Technology in China to establish a joint research center on future print technology. One of the projects it will work on is an automatic printer connect to WiFi.
Kofax, maker of scanning/document management software, announced it has purchased ISV 170 Systems of Boston, MA., which develops workflow software for invoice processing. Purchase price was $32.9 million, and the acquired company had 150 customers (i.e. ADT, Con Agra Foods, etc.), primarily those using Oracle or SAP.
Kofax also announced a promo where it bundles its entry level “Kofax Express” software with selected Fujitsu scanners.
Panasonic stated it will suffer a loss of $574 million for its fiscal first quarter due to drop in demand.
According to PrintAudit, the following is to be considered when selling managed print services:
- 42% of global wood harvest is dedicated to paper production
- 5.4 million tons of paper are consumed annually by U.S. companies
- Up to $1000 per year is spent per employee for printing/copying
- 10,000 pages per year on average is printed by employees
- It would cost $150,000 to fill your car’s gas tank with inkjet ink
-=Good Selling=-
Labels:
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Wednesday, August 5, 2009
MFP Weekend Industry Notes from 8/3/09

According to MAIT’s Performance Review, unit sales of computer printers and MFPs, are up 1% over last year worldwide.
Nuance Communications purchased X-Solutions of the Netherlands. Details:
- Xerox was the catalyst in the formation of both companies
- History of Nuance:
- Xerox purchases Kurzweil Computer Products, an early developer of OCR technology, in 1980
- In 1988, Xerox acquired scanner make, Datacopy
- Xerox combines Kurzweil and Datacopy to Form Xerox Imaging Systems (XIS)
- In 1998, XIS sold to Visioneer
- Visioneer renames itself ScanSoft
- In 2000, ScanSoft purchased Caere, maker of OmniPage OCR
- ScanSoft dumps its TextBridge OCR engine for OmniPage
- In 2005, ScanSoft merges with Nuance Communications
- In 2006, it paid $357 million for Dictaphone
- In January, 2008, it filed a patent infringement lawsuit against ABBYY, maker of FineReader OCR engine. It also sued ABBYY’s largest customer, Lexmark.
- In September 2008, it filed a patent infringement lawsuit against eCopy
- In October 2008, IRIS, who OCR engine is part of eCopy, filed a suit of its own against Nuance.
- Nuance claims to have 70% marketshare of OCR software in the U.S.
- X-Solutions is the maker of ScanFlowStore, an OCR scan embedded application sold with Xerox MFPs.
- Also makes DigiDocFlow for Ricoh, SmartOfficeScan for HP and SimplifyScan for Sharp
Kofax, maker of high end production scanning systems and software, announced it is going downmarket. Its new Kofax Desktop, can be downloaded from their website for only $29. The company hopes to compete against eCopy Desktop or Nuance PaperPort with this new product. It adds a scan tab to MS Office, and works with any TWAIN scanning device, but only offers pull scanning, and not push scanning.
Oce’ has renegotiated its debt covenants, as the company struggles financially, to prevent the banks from taking over company. The new covenants now call for:
- a net debt to EBITDA (earnings before interest, taxes, depreciation, and amortization) ratio of under 3.5
- an EDITDA to net interest ratio of over 3.5
- the banks charged Oce’ 12 million Euros for this covenant restatement
The City of New York just signed a 3 year, $1 million contract to supply typewriters to the New York City Police Department, according to CIO magazine. I quess they don't have forms software, I haven't seen a typewriter in an office in years!
A worker for the State of California reported that budget cuts are so deep, that his department, the Osteopathic Medical Board in Sacramento, is being prevented from buying toner cartridges for its Kyocera KM-3035 digital copier.
Dell Computer agreed to pay out $9.1 million to settle a class action alleging that the company discriminated against women in its methods of compensating and promoting its employees.
Samsung’s North American headquarters won a temporary restraining order against its former chief managing officer in a suit alleging that his accepting the same position at rival Motorola Inc. will illegally pass to Motorola, some of Samsung intellectual property.
Samsung owner and former group chairman, Lee Kun-hee, has been cleared of all legal charges, with the exception of tax evasion, by Korea’s Supreme County after a 13 year court battle. Lee led Samsung for 20 years before quitting after being indicted on charges in April of 2008.
InfoTrends expects desktop scanner sales to increase by 2013, even though sales this year are down as compared to a year ago.
Lexmark reported its last quarter’s financials:
- earnings down 80%
- stock shares fell $1.27 to $17.50
- profit down to $17 million from $83.7 million a year earlier
Police in Utica, NY have arrested Ngoc Nguyen on July 16th, after he allegedly destroyed a copier at an office at 901 Park Avenue.
According to the Printing Industries of America, digital print accounts for 12% of printers’ shipments, or about $36.7 billion. By 2020, the growth in digital print could add $13-$20 billion.
Industry analyst, Gartner, predicts that printer/MFP manufacturers will lose more than $13 billion in revenue to companies that make unauthorized generic toner and ink cartridges, due to the rising popularity of managed print services programs.
Interesting statistics from U.S. Postal Service:
- 86% of domestic mail is generated by business
- 14% of mail is from households
- In 1995, 20% of world communications was mail
- 99% of companies worldwide use email
- 86% of companies have a website
- 78% of companies have an intranet
- 72% of companies plan to process transactions over the Internet
- 45% of all print is distributed via the Postal Service
Kodak reported its last quarter’s financials:
- sales down 29%
- reported a loss of $191 million
- revenue from digital business down 28%
- gross profit was 18.5% of sales, a decline from 23.6% a year ago
- SG&A expenses were down 26%
- R&D expenses down 38%
- Current debt is $1.311 billion
- Graphic Communications Group sales were down 24% (this is division that makes controllers and product print systems)
Pitney Bowes reported its last quarter’s financials:
- revenue was $1.38 billion compared with $1.59 billion a year ago
- reduced its debt by $179 million
- U.S. Mailing revenue declined 8%
- Equipment sales declined 7%
- Software revenue declined 12%
EFI announced results of its last quarter’s financials:
- revenues were $90 million compared with $186 million a year ago
- a net loss of $13.3 million
- CEO, Guy Gecht, stated “main disappointment for the quarter was the delay in shipping the Vutek GS3200” (this is a $600,000 high speed wide format color inkjet system)
- Reduced operating expenses by 22%
EFI announced it had won its legal battle against Zurich American Insurance Co. and Old Republic Insurance Corp. The two companies claimed that they were not obligated to cover a $19 million settlement in a shareholder derivative class action
PrintWeek magazine reports that Heidelberg and Manroland are considering a merger. Both are large offset press makers, who are suffering due to the slow economy. However, the German government may not approve this supposed merger, due to antitrust concerns.
Lexmark launched a new option for some of its printers, which will allow the devices to print on RFID material. Radio Frequency Identification (RFID) Ultra High Frequency (UHF) technology is used in tags that allow companies to track their assets. RFID tags can be placed into a special $2499 drawer option, so that the Lexmark printer can print an ID number on the tag.
In his memoir, Bob Metcalfe, inventor of Ethernet networking, gave some history on how he first tried marketing his new product:
- DEC said; “Yes, but we’re gonna have to be sure that you know how to build stuff because we wouldn’t want to buy junk. We’re a serious computer maker. We need to check all your
manufacturing processes”
- IBM said; “Get the hell out of here. We’re not doing business with you. We think Ethernet is junk. We’re gonna do the token ring. We were selling millions of Ethernet cards to buyers of IBM PCs without IBM’s permission.” (IBM eventually discontinued Token Ring in favor of Ethernet)
- Apple ordered 300 units, but required that they be external boxes made with lots of metal. “I believe that all 300 of them are out there in the San Francisco Bay right now, serving as boat anchors,
holding yachts in place”
Kyocera announced a connector to allow its MFPs to work with CutCom’s SentryFile document management software.
Kyocera announced that it would relabel a product from Ricoh. The new Kyocera FS-C1020MFP, a desktop color laser MFP, is actually the Ricoh Aficio SP C232SF. (since it is made by Ricoh, it uses organic drum, and not Kyocera’s amorphous ceramic silicon drum)
Kyocera now shipping its new color laser MFPs, the TASKalfa 750C, 650C & 550C offering:
- 750C offers 75ppm b/w & 65ppm color
- 650C offers 65ppm b/w & color
- 550C offers 55pm b/w & color
- All three are actually relabeled Toshiba color laser MFPs (and therefore do not use Kyocera’s amorphous ceramic silicon long life drums, but instead use organic drums which Kyocera normally says is inferior technology)
- product marketing manager for the new products is Danielle Wolowitz
- all come with 10.4” touch screen color LCD display
- optional EFI Fiery print controller (this is unusual, as in the past Kyocera did not offer Fiery)
- Standard built-in print controller (Peerless technology), has 80GB hard drive, and 1.2GHz processor
- 100 sheet document feeder
A company that sells generic toner and ink, announced that it has created a free website for end users to solve their printer problems. PrintCountry.com launched a new site on YouTube with videos showing printer users how to solve common print driver issues, which they hope will drive more traffic to their consumables website.
Sharp reported details on its past financial quarter’s performance:
- reported a 20% drop in sales, down to $6.32 billion
- reported a loss of $266 million, as compared to a profit of $262 million a year ago
- Office technology sales down 14%
- announced a joint venture with Sony to sell large sized color LCDs
Sharp launched the FO-2080 desktop A4 b/w system featuring:
- 20ppm top speed
- Copy/fax/print/scan
- Two paper drawers
- Letter/legal size only
- 50 sheet bypass
- Auto duplex standard
- Button Manager is a built-in utility which offers scan to OCR
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