HP unveils inkjet printers in bid to keep mkt lead

Iria · Jul 11, 2005, 04:33 PM

NEW YORK (Reuters) - Hewlett-Packard Co. on Monday unveiled a line of low-cost inkjet printers that aim to match the quality and speed of its laser printers as it seeks to defend its lucrative printer business from rivals such as Dell Inc.

"We are introducing a new business printer which will be half the price of comparable laser printers and has substantially lower cost of operation," Vyomesh Joshi of HP's imaging and printing group said at an analysts' briefing.

He added that HP, which earlier this year hired Mark Hurd as chief executive to replaced ousted chief Carly Fiorina, expects to double its printer business in 10 years from about $24 billion in annual revenues currently.

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Read More / Source: SBC Yahoo! News

Jul 11, 2005, 04:33 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	HP unveils inkjet printers in bid to keep mkt lead NEW YORK (Reuters) - Hewlett-Packard Co. on Monday unveiled a line of low-cost inkjet printers that aim to match the quality and speed of its laser printers as it seeks to defend its lucrative printer business from rivals such as Dell Inc. "We are introducing a new business printer which will be half the price of comparable laser printers and has substantially lower cost of operation," Vyomesh Joshi of HP's imaging and printing group said at an analysts' briefing. He added that HP, which earlier this year hired Mark Hurd as chief executive to replaced ousted chief Carly Fiorina, expects to double its printer business in 10 years from about $24 billion in annual revenues currently. __________ Read More / Source: SBC Yahoo! News