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Lexmark to quit inkjet printer business

Lexmark to quit inkjet printer business

assignmentsolutionhelp com Lexmark to quit inkjet printer business

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vga pin assignment Lexmark has announced it will quit the inkjet printer business as part of efforts to improve its profitability.

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Paper Term The US firm said it would stop development of the technology by 2013 and close its inkjet supplies factory in Cebu, Philippines by 2015.

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http://danandcharlotte.info/master-thesis-latex/ Master Thesis Latex It added that 1,700 jobs would be lost as a result.

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http://reformhistoricfrederick.com/best-university-essay-writing-service/ best university essay writing service The company said it expected the move to save it $95m (£60m) a year in savings. It also intends to sell some of its 1,000 inkjet-related patents.

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phd dissertation writing service The move follows the firm’s most recent earnings report in which its net profit fell to $39.2m for the April to June quarter, 61% lower than the previous year.

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http://serc.eng.usm.my/?editing-service editing service “Today’s announcement represents difficult decisions, which are necessary to drive improved profitability and significant savings,” said Lexmark’s chairman and chief executive Paul Rooke in a statement (PDF File Required).

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custom essay writing service The firm will continue to sell laser printers and will also focus on its imaging software and document management services.

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