HP posts earnings for last quarter

– Total earnings of $660 million

– Total revenue up 11% to $13.93 billion

– Total gross margin down from 18.3% to 18.1%

– Computer division revenue up 13% to $9.1 billion

o Margins down to 3.8%

– Printer/MFP division revenue up 7% to $4.9 billion

o Claims total printer unit market share of 40%

o Total printer/MFP units up 3%

§ Consumer units up 3%

§ Commercial units no growth

o Supplies revenue up 10% to $3.1 billion

o Total operating profit up 2.6 basis points to 16.6%

o Won contract to deliver 24 PageWide production color inkjet systems to Lightning Source Printing (has contract to produce 40% of the books sold through Amazon)

o CEO, Dion Weisler expects that the now completed acquisition of the printer/MFP division of Samsung will allow HP to grab “12% of A3 market share in the next 3 years”

HP admits to LaserJet security issues

– HP announced it would release firmware patches for several security bugs reported to the company by various cyber-security experts, according to article published in Bleeping Computer magazine

– Includes a remote code execution (RCE) flaw in LaserJet and PageWide MFPs which allows hackers to:

o access data from print jobs

o modify PostScript print jobs

o reset the MFP’s admin password

o extract firmware images

o store malicious files on HDD

Marvell Technology to diversify

– Marvell, of Santa Clara, CA and Bermuda, is maker of chips and technology for MFP and printer makers.

– Announced it has agreed to acquire Cavium of San Jose, CA for $6 billion

– Cavium is maker of networking processors and server microprocessors

Dealer announces acquisition

– WiZiX Technology Group of Sacramento, CA (Toshiba dealer) announced it has acquired All Net, a dealer in Fresno, CA

– Recently also acquired Stanton Office Machines (Ricoh/Lexmark) of Fresno and Scott Technology Group (Savin) of Sacramento

– WiZiX was founded by Gary Johnson (who founded and then sold Zoom Imaging to Global Xerox in 2012)

PrintAudit report on U.S. printing trends

– Daily pages per user in

healthcare vertical is up 118% over last year

o Duplexed pages down from 20% to 17% of total pages

o Average of 37 pages per user per day

o Total color printing costs down from 50% to 26% of total

– Education vertical color spend versus b/w up 85%

o Decrease of 11% in duplexing down from 50% to 39% total

o Decrease from 25% to 24% of total color output form email and web

o Total color printing costs up from 27% to 50%

– Government vertical has 55% decrease in pages per user to 15 pages per day per user

o 38% of total is duplexed

o Total color output from email and web up from 12% to 16% of total

o Total color printing costs down from 56% to 52% of total

– Financial vertical has 52% decrease in color versus b/w spend

o Duplex pages down from 12% to 7% of total

o Total color output from web and email up from 22% to 27% of total

o Average of 21 pages per day per user

o Total color printing cost down from 66% to 32% of total

Mega dealer makes another acquisition

– Dex Imaging announced it has acquired Dean’s Office Machines

– Dean’s has offices in Greensboro, NC as well as Charleston, Greenville, and Columbia, SC and is a dealer for Canon, Toshiba, Kyocera and Lexmark with annual revenues of $8.5 million

IDC reports on Western Europe MFP sales

– Data on 3rd quarter of 2017 shows total printer and MFP market units down 3.2% to 5.1 million placed

– Total revenues down 11.4%

– A3 inkjet MFPs up 9.6%

– Total laser based device revenue down 15.2%

– Total laser based device units down 7.9%

– Average selling price down 0.5%

– Total MFP units up 1.9% and value up 27%

– Laser and inkjet print only units down 13.6%

EFI in trouble with Nasdaq

– Received notification letter from Nasdaq Stock Market that the company is not in compliance with rule requiring timely financial reporting to the SEC

– EFI now has 60 days to file necessary forms

New software to reduce need to print

– Binartech Software of Opole, Poland launched FleetSheet, developed by Christine Reina Hoyt of Sag Harbor, NY

– The new software allows a user to click “print” on any PC and have documents instantly appear on tablet PC or smartphone, as long as all devices are on same WiFi network

– FleetSheet is a free downloadable app, but charges $6.99 per month for unlimited usage.

o Upgrade to $9.99 per month also provides features of annotate, save and share

[blockquote align=”undefined”]Did you know? Copitex is Boston’s leading provider of Konica Minolta, Brother & Muratec[/blockquote]

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