Toshiba Completes Sale of Westinghouse to Brookfield
Toshiba Corporation of Tokyo, Japan, announced today that it’s completed the sale of its holdings in Toshiba Nuclear Energy, the......
Category: Financial News
Lexmark Completes Security Agreement with China CITIC Bank
Lexmark International today announced that, as of April 2, 2018, it’s entered into a security agreement with China CITIC Bank, as......
Sale of Toshiba’s Memory Business Delayed
Some investors have opposed the sale of Toshiba’s profitable memory-chip business, arguing that the $18 billion sale price is too low.
This Week in Imaging: How IKON, Lanier, Savin Acquisitions Have Made a Tough Road for Ricoh
At first it seemed the acquisition of IKON would only be a boon for Ricoh. After all, IKON was said to be the world’s largest independent provider of copier/MFPs, printers, and related services, with over 400 offices in North America and Western Europe, regional sales and service training facilities, a roster of Fortune 500 customers, and revenues of $4,167 million for its fiscal year before it was purchased by Ricoh.
Ricoh CEO Warns of Further Impairment Losses in Other Regions
Ricoh had previously forecast an operating profit of 20 billion yen, and had expected to break even for its fiscal year.
Ricoh to Take $1.72 Billion Impairment Loss, Cites Declining North American Business
Last month, Ricoh had forecast operating profit of 20 billion yen for its fiscal year, but is now stating that its operating profit will be a loss of 160 billion yen.
Earnings up for Kodak’s Fiscal Year, Growth in Key Product Areas
Revenues for the full year 2017 were $1.5 billion, down 7 percent from 2016. The revenue decline was driven by volume and pricing declines within the company’s commercial print business and volume declines in the company’s consumer inkjet and industrial film and chemicals businesses.
This Week in Imaging: There’s No “I” in CEO Either, or Why HP Inc. Continues to be a Good Bet
The expression has probably become a cliché at this point, but there’s still truth in the adage “There’s no ‘I’......
Ricoh Dismisses Reports of Layoffs, Unit Sales
The Nikkei-Asian Review also said that Ricoh would be as well selling a logistics unit in Japan, and an “aging factory for copiers and other office equipment, as well as recording “tens of billions of yen worth of impairment losses,”and setting aside “at least ¥200 billion” for mergers and acquisitions.
Xerox Wins Five-Year Copier/MFP and MPS Contract with U.S. Air Force
Xerox reported today that the United States Air Force has awarded Xerox a five-year contract for supplying copier/MFPs and managed......
Xerox Nemesis Icahn Dumped $31.3 Million Stake in Steel-Related Company (Updated)
Icahn sold his Manitowoc shares for about $32 to $34 each. After Trump’s tartiff announcement, shares of Manitowoc fell to about $26.
This Week in Imaging: A Closer Look at HP SDS and Financials; Deason Demands Xerox Board Members; More
Last week, we focused on the continuing battle between Xerox leadership and two activist investors, Carl Icahn and Darwin Deason,...
Looking for Bigger Bite of A3 Copier/MFP Market, HP Aims for 12 Percent Share by 2021
“We have now created a larger print family, which will help us address the $55 billion A3 market opportunity along with adding capabilities and revenue in A4,” said Weisler. “The integration efforts and key initiatives are on track. We are joining teams, combining our product portfolios, on boarding new partners, rationalizing SKUs, and streamlining processes.”
HP ‘Strong out of the Gate’ for First Quarter
“We’re coming out of the gate strong in Q1, with double-digit revenue and EPS growth year over year,” said Dion Weisler, president and CEO of HP Inc.
Instead of Breaking Even, Ricoh May Record Loss for Fiscal Year
Ricoh MAY record losses for its U.S. distributor Ikon Office Solutions.
Profit up Sharply for Toshiba TEC, but Profit Padding at Subsidiary Reported
Toshiba TEC of Tokyo, Japan reported higher sales and net income amongst reports that subsidiaries may have padded profits.
You must be logged in to post a comment.