This Week in Imaging: Two Momentous Elections this Year
The first of these is of course the U.S. presidential election to held on the first Tuesday of November. For the office-equipment industry, this will likely determine how and if the U.S.-China trade war and tariffs will be resolved.
The other big election will be this summer when HP Inc. shareholders vote to elect members to the HP board of directors. Shareholders will have the choice of replacing virtually the entire 12-member HP board with nominees put forth by Xerox. These Xerox nominees would likely approve Xerox’s proposed acquisition of HP.
As we’ve stated before, we believe the acquisition isn’t in HP’s best interests, with the cons outweighing the pros – including Xerox’s declining revenues, and the ongoing cost-cutting at Xerox. This is cost-cutting that typically never enhances the type of innovation and R&D that HP needs to grow its industrial 3D-printer business, among other businesses, that will carry it into the future, and where it currently has the number-two market share. Nevertheless, it will be up to HP shareholders to decide the big question.
This Week in Imaging: