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According to a Forbes article, Toni Sacconaghi, a Bernstein Research analyst, predicts that Lexmark’s printer business is likely to shut down. “We remain unconvinced that Lexmark can regain traction in inkjet, and believe the business is ultimately likely to be shut down, incurring a further cash drain on the company and some de-scaling risk,” Sacconaghi was quoted in the article. “Lexmark’s laser business, while healthy, is unlikely to sustain the pace of recent share gains and could see slower revenue growth going forward.”
Canon announced the resolution of patent infringement disputes with E-Max Group, Inc. DBA Databazaar.com; IJSS Inc. DBA both TonerZone.com and InkJetSuperstore.com; and Ink Technologies Printer Supplies, LLC. The companies have stipulated to a consent judgment and permanent injunction from the Southern District of New York, which will prohibit the above-mentioned companies from making, using, selling and offering for sale in the U.S., and from importing into the U.S., these toner cartridges and their photosensitive drums.
By now many of you must have seen the latest financials from HP and other OEMs that paint a pretty grim picture of printer sales and print volumes for the coming year. HP showed year-over-year declines in IPG revenue of 7 percent, and other OEMs’ results are projected to be similarly bleak. From an aftermarket perspective, some may view OEM pains as equating to a healthy aftermarket. In some respects, this is true, at least in the short term. But in this guest blog, Luke Goldberg asks: Is it sustainable for us to continue to grow if the OEMs continue to suffer?
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