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Lexmark Increases its Bid for ReadSoft for Third Time, Gains Majority Voting Control

Lexmark International reports that it’s acquired shares from the founders of Sweden-based software maker ReadSoft, gained majority voting control, and that it’s increased its offer price for ReadSoft shares to SEK 57.00. Lexmark International acquired 1,193,580 class A ReadSoft shares, and a further 5,822,390 class B ReadSoft shares, from the company’s founders Lars Appelstål and […]

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Top News for the Week of 8/4/2014 – HP ‘Instant Ink Professional;” Ricoh, Sharp Financials; More

What do you do if the supplies for your product are being made and sold by unauthorized third parties and are cutting into your revenue stream? You either a) enforce your patents through litigation to end the sale of those supplies, and/or b) make your supplies more economical and easier to obtain. Canon Inc. continues […]

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Lexmark Steps up Bidding War for ReadSoft, Increases Offer Price

Lexmark International reports that it’s increased its offer price for all outstanding shares of Sweden-based ReadSoft. This cash offer is Swedish Krona (SEK) 55.50, an 11 percent increase from Lexmark’s July 14th offer of SEK 50.00 for each Class A and Class B share of ReadSoft, for a price of approximately $248 million. The firm says […]

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Top News for the Week of 7/21/2014 – Strong Quarters for Lexmark, Canon; Epson Invests Big in Inkjet; More

Both Lexmark and Canon Inc. continue to report strong financial results. In the case of Lexmark (which has been all quiet on the hardware front lately), revenue from its Perceptive Software division and managed print services (MPS) continues to drive growth. In particular with Lexmark, MPS revenue grew 14 percent compared to the same quarter […]

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Strong Quarter for Lexmark; Growth in MPS; Increases Full-Year Outlook

Lexmark International today reported financial results for the second quarter of 2014, with revenue and earnings per share exceeding its April forecast. Revenue was $892 million compared to $887 million for second-quarter 2013. Net earnings were $37 million compared to second-quarter 2013 net earnings of $94 million – but this was due however to Lexmark benefit from the sale of its inkjet […]

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Top News for the Week of 7/14/2014 – Survey Shows Disparity in Attitudes Towards Digital-Imaging Technologies; Epson Wide-Format Inkjet; Canon Lawsuits; More

This week, Canon U.S.A. released the first of what will be annual surveys that examine the attitudes of both IT and non-IT executives towards key trends in our industry – cloud-based document management, mobile printing, BYOD (Bring Your Own Device), and managed print services (MPS). Unfortunately, it seems IT executives will have to work hard […]

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Lexmark Fires-Off New Offer in Bidding War for ReadSoft

Lexmark International reports that it’s increased its offer price for all outstanding shares of Sweden-based ReadSoft. This is the second time the firm has increased its offer for ReadSoft, having increased its offer to 43.00 Swedish Krona (SEK), a 7.4 percent increase from its original offer of SEK 40.05. The new offer from Lexmark is […]

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Top News for the Week of 6/30/2014 – Good News for Production Printing; Average Copier Sales-Manager Compensation; More

Is this a trend? It sure seems like it. Last week, we reported on IDC research showing that the worldwide large-format printer market enjoyed its third consecutive quarter of growth in terms of both unit shipments and shipment value (7.4 percent and 3.7 percent respectively) for first-quarter 2014. This week, IDC delivered more good news, […]

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Five Vendors Named Global Leaders in Managed Print Services

U.K.-based market research and analyst firm Quocirca has released its report, Managed Print Services Landscape, 2014, which names five digital-imaging vendors the market leaders in managed print services: Xerox, Hewlett-Packard, Ricoh, Lexmark International, and Canon. According to Quocirca, Xerox is currently the leader in the managed print services (MPS) market, with the report stating, “Xerox […]

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Metrofuser Introduces Remanufactured HP Printers, ‘MpsClass,’ Available for Dealers Only

New Jersey-based Metrofuser, which re-manufactures parts for Hewlett-Packard and Lexmark laser printers, is introducing a new line, called MpsCLASS, that consist of laser printers, including color, monochrome, standalone, and MFP, for placement in managed-print environments, and which will be distributed only through dealers. Metrofuser says its MpsClass Printers are typically one-third the price of a […]

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Lexmark’s Perceptive Software Launches MICR Printing Solution for Secure Printing

Lexmark International’s Perceptive Software and Source Technologies have launched Perceptive Secure Print, a software and Magnetic Ink Character Recognition (MICR) printer solution that delivers secure printing for documents, such as checks. . Perceptive Secure Print allows businesses to use blank check stock instead of pre-printed stock, eliminating fraud, while also eliminating the cost of pre-printed […]

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Lexmark Increases Offer for ReadSoft After Hyland Makes Bid

Lexmark International today announced that it’ll increase its offer price for all outstanding shares of Sweden-based ReadSoft. The revised cash offer is SEK 43.00, a 7.4 percent increase from Lexmark’s original offer of SEK 40.05, for each Class A and Class B share of ReadSoft for a price of approximately $194 million. Lexmark says it […]

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Lexmark Extends A3 ‘Smart’ Product Family with MS911, MX910 Series

Lexmark International today extended its A3 “Smart” monochrome product family with the MS911 monochrome laser printer series, and the Lexmark MX910 monochrome laser MFP series, all designed for high-usage environments, and featuring long-life components, enterprise security, and advanced-finishing options. The new models will be available through Lexmark dealers; Lexmark has not released pricing. Features in common […]

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Top News for the Week of 5/5/2014 – Konica Minolta, Lexmark, Forge Ahead; Setback for Kodak, More

Though this was a bit of a slow week in the industry, two things stood out: both Konica Minolta and Lexmark continue to forge ahead. Konica Minolta, which was the largest exhibitor at the IPEX production-printing trade show in February, and acquired French production-printing company MGI Digital Graphic Technology in January, continues to bolster its […]

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Lexmark Seeking to Acquire ReadSoft, Maker of Document-Capture and Processing Solutions

Lexmark International reports that it’s making an offer for all outstanding shares of Sweden-based ReadSoft, offering $6.11 in cash for each share, for a total price of approximately $182 million. ReadSoft’s Board of Directors has unanimously recommended in favor of Lexmark’s offer, and the offer is also supported by ReadSoft’s two largest shareholders. Upon completion of the […]

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Top News for the Week of 4/21/2014 – New Samsung 2014 A4 Lineup, BR-Docs from Brother, More

New Products and Solutions Samsung Rolls Out 2014 ‘Smart’ Desktop Printer and MFP Lineup with NFC, Google Cloud Mobile Printing: Samsung Electronics U.S. launched three new A4 printer and MFP lines, the Xpress C18x0, M28x5, and M20x0, all of which feature multiple provisions for mobile printing and scanning, including Google Cloud mobile printing, Near Field Communications […]

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Revenue, Earnings Down for Lexmark’s First Quarter, but Exceeds Forecast

Lexmark International reported results for its first quarter, with revenue and earnings per share exceeding its January guidance. First-quarter revenue of $878 million includes $3 million of acquisition-related adjustments, compared to $884 million for first-quarter 2013. Net earnings were $29 million compared to first-quarter 2013 net earnings of $40 million. Earnings per share for the first quarter of 2014 […]

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Lexmark Rolls Out New A4 Desktop Printers Rated at up to 40 PPM and Starting at $199

Lexmark International today introduced new A4 mono desktop printers that it says are designed to bring enterprise-level features to small and mid-size businesses. The new MS310/MS410 Series offers a color display panel, higher paper-input capacity, and optional wireless connectivity. Other features include: Confidential printing – users must authenticate themselves at the control panel in order to access […]

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