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Toshiba turmoil update

  • Japan Industrial Partners Inc.(JIP) is considering launching a tender offer for Toshiba Corp. by the end of next March, according to article in the Japan Times newspaper
  • JIP, which holds preferential negotiating rights, plans to procure necessary funds exceeding 2.2 trillion yen ($15.5 billion) by securing investments from over 10 companies and taking out bank loans.
  • aims to accelerate reconstruction of Toshiba by acquiring all its shares from activist and other shareholders and taking the company private.
  • banks involved have not made a clear promise to extend loans for the buyout

HP reports last quarter’s earnings

  • Total net revenue down 11.2% to $14.8 billion
  • Printing division revenue down 7.1% to $4.533 billion (includes PPS, MFPs, printers, etc.)
    • Non-GAAP operating profit of $903 million
    • Profit from this division is 66% of total company
    • Supplies revenue down 10%

Total hardware units down 3%

    • Commercial revenue up 1%
    • Consumer revenue down 7%
  • Personal Systems division revenue down 13% to $10.267 billion
    • Non-GAAP operating profit of $458 million

Plans to reduce total headcount by as much as 6,000 employees by end of 2025

    • Plans for $1 billion in restructuring charges
    • “portfolio optimization” will focus on businesses where HP can be #1 or #2 over next 3 years
    • (3 years ago HP cut up to 9,000 employees in last reorg)

Epson provides more detail on new A3 MFPs

  • Now shipping new color inkjet A3 MFPs, the WorkForce Enterprise AM-C4000, C5000 and C6000 models
  • Top speeds of 40pp, 50ppm & 60ppm respectively
  • Use PrecisionCore Micro TFP piezo crystal inkjet printhead technology
    • 7,230 nozzles per color in printhead
  • Use DURABrite water-based inks
  • First print out time as fast as 5.6 seconds
  • Recommended monthly duty cycle range from 5.8K/month to 60K/mo
  • 10.1” color LCD touchscreen control panel
  • Comes standard with 1,150 sheet paper capacity
    • Maximum paper capacity of 5,150 sheets with options
  • Document feeder scans both sides of original at same time
    • Holds up to 150 originals
    • Top scan speed of 120ppm or 60ppm
  • Finishing options include stapling and booklet making
  • Built-in print controller:
    • 8GB RAM
    • 320GB hard drive with encryption
    • 10/100/1000BaseT & USB ports
    • WLAN
    • PCL and PS print drivers standard
    • Data security features include; TLS 1.3, SSL, SNMP v3, IPSec

Supply chain update

  • The SMART Transportation division, the union representing railroad conductors, announced that negotiations over new contract has until 12/8/22 deadline to avoid potential nationwide strike, which would disrupt supply chain across the U.S.
  • “It is about attendance policies, sick time, fatigue, and the lack of family time. A lot of these things that cannot be seen but are felt by our membership. It is destroying their livelihoods”; stated Jared Cassity of SMART.
  • The current contract offer includes a 24% pay increase by 2024
  • “what a terrible Christmas gift that would be to give to the American people at this point…right before Christmas, shutting down our supply chain”; stated US Congressman Rick Crawford of Arkansas.
  • A single railcar can contain 2,000 UPS packages, tens of thousands of bananas or hundreds of flat screen TVs


Lexmark offers new solution option

  • Now offering the Translation Assistant
  • Provides document language translation in real time through Lexmark MFP or a user’s desktop
  • Users scan documents in the MFP to the Lexmark Cloud Service (LCS) platform where they are translated
  • Documents can be printed and/or emailed
  • Pricing not announced

Sharp’s parent has massive riot at plant

  • Sharp is owned by Foxconn, also known as Hon Hai Precision of Taiwan
  • Reuters News Service reported that hundreds if not thousands of workers took part in protests/riots outside Foxconn plant in Zhengzhou, China this past week
  • The plant is used to assemble Apple iPhones, employs up to 200,000 people
  • Workers were reportedly smashing surveillance cameras, and windows
  • Caused by unrest over ultra-harsh COVID rules issued by Chinese government, as well as “inept handling of the situation” by Foxconn
  • Trigger for start of protests on Wednesday supposedly caused by Foxconn plan to delay bonus payments to employees
  • Video footage showed protesters being sprayed with tear gas, and physically beaten by police officers
    • Kuaishou, a social media platform which posted the videos, has now removed them from site
  • Foxconn said in statement that it had fulfilled its payment contracts and that reports of COVID-19 infected staff living on campus with new recruits were untrue
  • Foxconn had recently implemented closed-loop operations, where staff live and work onsite, insulated from rest of world, as part of COVID policy
    • This policy caused discontent, COVID outbreaks still occurred, and employees complained about poor conditions, including shortages of food, causing some employees to fleet the company
    • Some have estimated that thousands of workers fled the factory campus
    • Apple Insider magazine is reporting that Foxconn has offered $1400 to protesters, conditional on their resignation, and that over 20,000 accepted the payment


M-files solution offers new integration

  • M-Files is a provider of document management/enterprise content management solutions
  • Now offering integration with Adobe for document e-signature solution with Adobe Acrobat Sign
  • Pricing not announced


Laserfiche solution adds features

  • Laserfiche is a provider of document management/enterprise content management sulutions
  • Announced it now offers handwriting recognition capabilities
  • Users can extract text from semi-structured documents that include handwriting
  • Pricing not announced

Xerox wins large government MPS contract

  • Award from the Ministry of Defense in England
  • Includes 35,000 devices for over 200,000 users across 900 locations in 21 countries
  • Includes secure print release solution


Fujifilm launches new production print device

  • Launched the new Jet Press 1160CF
  • High speed continuous feed color inkjet system
  • Aimed at the transactional and publishing print market
  • Top print speed of 160 meters per minute (2096ppm) at 1200x600dpi
    • Speed of 80 meters per minute at 1200x1200dpi
  • Use water-based pigment inks
  • Artificial intelligence to optimize image quality
  • Uses CMYK ink packs
  • Pricing not announced

Commercial print device market growth

  • Market research published by IMARC Group
  • Includes production print on paper, cardboard and packaging
  • Total market size will reach $9 billion by 2027
  • CAGR (cumulative annual growth rate) of 2.9%



Cyber attacks on healthcare vertical increasing

  • Article published in Renal & Urology News:
    • 55% of healthcare organizations have experienced a cyber attack in last 12 months
    • 39% of healthcare facilities allocate 15% or less of their annual IT budget towards cyber security
    • 52% say securing 3rd party access is not a priority for IT security team
  • Article published in Data Breach Today;
    • Since 2009, 370 million medical records have been exposed due to breaches
    • Volume and frequency of healthcare breaches has nearly doubled


Healthcare employment details

  • Research published by American Hospital Association
  • Total employment growing 13% from 2021 to 2031, faster than any other vertical
  • Will add minimum of 2 million net new jobs buy 2031
  • Nurse practitioners up 9% to 355,000 now licensed in US
  • 23% of current workers will be quitting the vertical soon due to stress
  • 94% of CEOs say a deficit of nurses is the most pressing issue within personnel shortages
  • US could face a shortage of up to 124,000 physicians by 2034

Epic wins EHR contract

  • Award from West Coast Academic Medical Center
  • 630 bed facility in Los Angeles, CA


HIPAA/cybersecurity breaches in the news

  • One Brooklyn Health, headquartered in Brooklyn, New York, may be notifying a large number of patients that their PHI may have been exposed after cyber incident.
    • medical staff has been unable to access PHI (patient medical records) or to upload laboratory and test results to electronic patient portals
    • outage affects Interfaith Medical Center, Brookdale Medical Center and Kingsbrook Jewish Medical Center.
  • Community Health Network, headquartered in Indianapolis, IN notified an unknown number of patients that their PHI was exposed after it was inadvertently shared with Facebook and Google.
  • Yakima Neighborhood Health Services of Washington state, notified 2,689 patients that their PHI was exposed after cyber security incident.
  • University Medical Center of Southern Nevada located in Las Vegas, Nevada, notified 1,861 patients that their PHI was exposed after it was illegally accessed by a former employee.
  • Kaiser Foundation Health Plan of the Mid-Atlantic States, headquartered in Rockville, MD, notified 8,556 patients that their PHI was exposed after it will illegally accessed by a former employee.
  • Forefront Dermatology of Manitowoc, WI agreed to pay $3.75 million to settle allegations of negligence regarding a breach that exposed PHI of 2.4 million patients.
  • Wright & Filippis Orthotics/Prosthetics of Michigan notified an unknown number of patients that their PHI was exposed after ransomware attack.
  • Pearland Independent School District of Texas notified an unknown number of students that their info was exposed after ransomware attack.
  • The County of Tehama, CA notified an unknown number of citizens that their info may have been exposed after ransomware attack.
  • Tuloso Midway Independent School District of Texas notified an unknown number of students that their info was exposed after ransomware attack.
  • Tridas Group of Tampa, Florida is notifying 16,000 patients that their PHI was exposed after ransomware attack.
  • Southhampton County of Virginia has notified an unknown number of citizens that their info was exposed after ransomware attack.

South Walton Fire District of Florida notified an unknown number of patients that their PHI was exposed after ransomware atta

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