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]
