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Toshiba seeking options

  • Reuters News Service is reporting that Toshiba is in talks with at least 4 global private equity firms, including KKR & Co., Bain Capital and Blackstone Inc.
  • Seeking new strategy
  • Engaging with potential bidders for company since shareholders ousted its chairman in June after “colluding with the Japanese government to put pressure on foreign investors”
  • “considering and discussing a wide range of initiatives without delay”
  • Hope to announce new business plan in October

Sharp reports last quarter’s earnings

    • Sharp is a division of Hon Hai Precision of Taiwan (aka Foxconn)
    • Total net sales up 18.9% to 611.5 billion yen ($5.6 billion)
    • Operating profit up 86.3% to 18.3 billion yen ($169 million)
    • 8K Ecosystems division (which includes MFPs, PPS and printer) had net sales increase of 36.8% to 137.6 billion yen ($1.3 billion)
      • Operating profit up to 4.1 billion yen ($38 million)

Sharp to make electric cars?

    • Sharp’s owner, Hon Hai Precision of Taiwan (aka Foxconn), had its founder, Terry Gou in interview state:
      • “If we can make iPhones, why can’t we make EVs? It is an iPhone with four wheels.”
    • Young Liu, current chairman, announced plans to build factories in the U.S. and Thailand that will assemble electric vehicles, and looking for locations in Europe
    • Already supplies electronics to electric car makers, such as Tesla and BMW
    • Plans to supply cars to Fisker of New York, Byton of Chica, Yulon Motor of Taiwan and possibly Apple

Brother reports last quarter’s earnings

    • Total net sales up 30.7% to 174 billion yen ($1.6 billion)
    • Operating profit up 182.6% to 26.5 billion yen ($240.9 million)
    • Printing & Solutions division net sales up 19.5% to 99.1 billion yen ($900.9 million)
      • Equipment revenue up 14.7% to 84.7 billion ($770 million)
      • Laser based devices down 16% due to supply chain issues

Dealer acquisition/expansion update

    • GoodSuite, headquartered in Woodland Hills, CA, announced it has acquired Select Business Systems, a Sharp dealer in Fresno, CA
      • Goodsuite, with a second location in Oxnard, carries Konica Minolta, Sharp & HP
    • Centric Business Systems announced opening new location in King of Prussia, P
      • Headquartered in Owings Mills, MD, and a dealer for HP, Sharp, Kyocera & Ricoh
    • Mega dealer, UBEO Business Services, headquartered in Texas, announced it has acquired Digitech Office Machines of Lafayette, LA

HP reports last quarter’s earnings

    • Total net revenue up 7% to $15.3 billion
    • Total net earnings up 51% to $1.1 billion
    • Printer/MFP division
      • consumer units were down 8%
        • consumer net revenue up 15%
      • commercial units were up 29%
        • commercial net revenue up 46%
      • total hardware shipments were down 4%
      • supplies revenue was up 20%
      • net revenue up 24% to $4.9 billion
      • 17.6% operating margin
    • HP Inc. CEO and President Enrique Lores explained that supply-chain constraints affected both Print and Personal Systems revenue:
      • “Demand continues to be significantly stronger than our supply chain capacity.”
      • “We are managing through component shortages. COVID-related factory lockdowns in Southeast Asia, and congested ports and transportation disruptions”
      • “Even under these conditions, we delivered solid financial results.”
      • “Looking ahead to Q4, our backlog remains significantly elevated.”

Biscom offers new cloud fax solution

    • Biscom, headquartered in Westford, Massachusetts, announced the launch of Biscom Cloud Fax Advanced
    • second generation cloud fax platform that provides major feature enhancements
    • new web client provides enterprise faxing features including:
      • searchable faxes, OCR, distribution groups, multiple cover pages, page splitting, and a universal printer driver.
    • Enterprise Web Client: Advanced desktop features in a browser-based client.
    • End-to-end security: FIPS 140-2 certified encryption algorithm for data at rest.
    • Email to fax/fax to email: Compatible with all email platforms. Receive faxes as TIFF or PDF, and send faxes with any email client or Microsoft Outlook.
    • Multiple fax numbers can be assigned to a single user
    • Enhanced group controls, support for distribution lists
    • Multiple user-selectable cover pages
    • Searchable note field for organizing and tagging faxes
    • Pricing not announced

Production print firm headed to NASDAQ

    • According to a CTech report published by the Calcalist newspaper of Israel, privately held Landa Digital Printing may become part of a SPAC (special purpose acquisition company) and be traded on the NASDAQ exchange
    • Benny Landa, founder, is partnering with fellow Israeli businessman David (Dudi) Wiesmann — the chairman of fuel company Sonol Israel Ltd. and founder of investment fund Gefen — to jointly float the SPAC on Wall Street, in order to raise

$250 million.

Landa wins production print contracts

    • Award from K1 Packaging Group of City of Industry, CA
      • Installed a new Landa S10 Nanographic production color system
    • Award from Duggal Visual Solutions of New York
      • Installed a new Landa S10 Nanographic production color system to produce packaging

Ricoh to resell security solutions

    • Entering into strategic cooperation with Macroview Telecom (a HGC Group Company) and Check Point Software Technologies
    • Will allow Ricoh to offer cyber security management services to its customers

Ricoh offers consulting for wide format

    • Announced “Wide Format Elite Access” that connects wide-format commercial printers with Ricoh production workflow experts
    • To resolve production challenges and share knowledge and best practices
    • Brand agnostic services
    • Pricing not announced

Xerox to push vaccine on its employees?

    • Announced that it is now requiring all employees to “attest” to their vaccination status
    • Must indicate if they are vaccinated or not vaccinated, or have approved exception
    • Those who are vaccinated must provide last date of vaccination and type of vaccine received
    • “failed to provide accurate information could lead to termination”

Screen wins production print contract

    • Award from Alliance Graphics and Printing of Houston, Texas
    • Installed a new Truepress Jet L350UV+ production color inkjet system
    • Will be used to provide labels for packaging and direct mail pieces

Epson launches desktop A3 color inkjet

    • Now offering the WorkForce Pro WF-7310 desktop A3 color inkjet MFP

–     MSRP of $199.99

    • Holds media up to 13” x 19”
    • Uses PrecisionCore piezo crystal inkjet print head technology
    • Top speed of 12ppm based on 5% coverage per page
    • 2.4” color LCD display
    • Uses DURABrite pigment inks
      • $19.99 for black ink cartridge with 350 page yield based on 5% coverage per page
      • $12.00 for color ink cartridges with 300 page yields each
    • Comes standard with two 250 sheet paper trays
    • Built-in print controller
      • Mobile print
      • WiFi

Canon offers new security solution

    • Launched Virtual Chief Information Security Office CISO (vCISO) Services
    • Canon is reselling services provided by Agile Cybersecurity Solutions (ACS), headquartered in Virginia
    • Provides customers with a 12 month annual subscription that includes a variety of cybersecurity services
    • Pricing not announced

Canon offers ink subscription plan

    • Now offering the PIXMA Print Subscription Plan
    • “Basic Monthly Plan” is $4.99 per month
      • Customers can print up to 30 pages per month
      • Canon monitors the PIXMA print count and ink levels
      • Sends new ink cartridges via free shipping before ink runs out
      • Unused prints can be rolled over, but expire after 6 months
    • “Frequent Monthly Plan” is $9.99 per month
      • Includes up to 200 page per month
      • Overage is $0.10 per print

EFI wins production wide format contract

    • Award from Helio Corbeil Printing of Paris, France
    • Installed a new EFI VUTEk h5 UV LED hybrid flatbed/roll-to-roll wide format color inkjet system
    • Will be used to produce premium soft-signage textile graphics


Lexmark commits to carbon neutrality

    • Lexmark is a division of Ninestar of China
    • (The People’s Republic of China is the world’s leading annual emitter of greenhouse gases and mercury.)
      • An estimated 1.24 million people died from exposure to air pollution in the PRC in 2017, according to a recent study in the medical journal The Lancet.
      • Since 2000, the number of people who have died from air pollution in the PRC tops 30 million, according to New Scientist magazine.
    • Lexmark stated it has, since 2005, lowered its emissions by 62% globally
    • On track to meet a 40% reduction target from 2015 to levels by 2025
    • “We are determined to be carbon neutral by 2035”, stated Allen Waugerman, CEO


Managed print services to grow

    • Research published by Technavio
    • Managed print services market forecasts to grow by $6.28 billion
    • Compound annual growth rate of almost 5% from 2021-2025

Kyocera to develop smart buoys

    • In conjunction with Nagasaki University of Japan, is developing an Energy Harvesting Smart Buoys
    • Combines tidal current power generation technology with IoT technology to collect reliable ocean data
    • 21 sensors monitor everything from water temperature and humidity to current direction

Study of remote workers

    • Survey of employers conducted by Opinion Matters Research
    • Only 35% of employers trust their staff full while working remotely
    • 39% suggest their people do not work as hard or effectively as in the office
    • 42% say their teams are worried about returning to the office due to concerns about health and safety

Fujifilm to open new office in England

    • Broke ground on new office in Bedford, England
    • 30,000 square foot for office space and showroom
    • Will include solar panels, rainwater collection systems and biodiverse landscaping


Kno2 listed on Inc. 5000 fastest growing list

    • Kno2, formerly known as Inofile Software, of Boise, Idaho, was named for a second time to the Inc. Magazine 2021 Fastest Growing Private Companies List
    • Sales growth of 304%
    • (Konica Minolta uses Kno2 technology in its bizhub Healthcare MFP to help healthcare organizations move away from fax when sharing PHI) 

Vizient GPO gets fed certification

    • Vizient is the largest group purchasing organization in the U.S.
    • Announced it has received certification as a Qualified Entity from the federal Centers for Medicaid and Medicare Services (CMS)
    • Allows Vizient to have access to Medicare claims data for use in evaluating healthcare provider performance and providing consultancy solutions to its members
    • (Konica Minolta is a contracted vendor with Vizient)

Vizient GPO renews with CHA

    • Announced new membership agreement with Children’s Hospital Association (CHA), which has 220 children’s hospital members
    • Expands scope of services and solutions for members

Cloud fax vendor gets Epic certification

    • WestFax, headquartered in Greenwood Village, Colorado, announced its solution is now listed on Epic’s App Orchard gallery site as certified vendor to integrate with Epic’s EHR software
    • WestFax offers a secure cloud fax solution
    • Offers an “OCR to Direct Message Protocol” option

Healthcare fraud in the news

    • federal prosecutors have reached consent judgments with a company accused of fraud while providing mental health and substance abuse treatment services at community clinics throughout Delaware, authorities said Thursday.
      • Connections Community Support Programs of Delaware, which also is the former medical and behavioral healthcare contractor for the Department of Correction, has agreed to the entry of consent judgments totaling more than

$15.3 million

      • judgments resolve 2 lawsuits brought by the federal government alleging healthcare fraud under the federal False Claims Act and violations of the Controlled Substances Act.
      • claims involved allegations that providers working for the company billed Medicare or Medicaid for mental health services even though the providers didn’t qualify professionally to do so.
    • Jewish Hospital of Louisville, KY is accused by federal officials of being overpaid

$13.5 million by Medicare due to billing errors.

    • Scott Taggart Roethle Anesthesiology of Kansas was charged with receiving

$674,026 in illegal kickbacks for $26 million in illegal Medicare prescriptions.

Fujifilm wins healthcare contract

    • Award from U.S. Navy and Defense Logistics Agency
    • Will supply Navy fleet with 34 new medical X-ray systems for $273,000 each

Epic wins EHR contracts

    • Award from University Health of San Antonio, Texas
      • Total cost of $170 million
      • Implementation now complete
    • Award from Adena Health System of Chillicothe, OK
    • Award from Baptist Health Hardin of Elizabethtown, KY
    • Award from Bay Area Hospital, North Bend Medical Center, Bay Clinic and Advanced Health, all of Coos Bay, Oregon
    • Award from Christus Good Shepherd Health System of Longview, TX
    • Award from TidalHealth Nanticoke of Seaford, Delaware
    • Award from Durham County Department of Public Health of North Carolina
    • Award from Newport Hospital and Health Services of Newport, WA
    • Award from Central Texas Community Health Centers of Rogers, TX

HIPAA & Cybersecurity Updates

  • Total Testing Solutions, a COVID-19 testing organization headquartered in Los Angeles, CA, notified 60,000 patients that their PHI was exposed after it was inadvertently made available on a publicly assessable website.
  • Willdan Group Inc., headquartered in Anaheim, CA, notified an unknown number of customers that their info was exposed after a ransomware attack.
  • Rockwood School District of Eureka, Missouri, notified an unknown number of students that their info was exposed after a ransomware attack.
  • Ameritas Corp. of Lincoln, Nebraska, was sued by former customers in regards to a breach which impacted 39,000 customers in total.
  • South Florida Community Care of Sunrise, FL, notified an unknown number of patients that their PHI was exposed after it was illegally accessed by an employee.
  • JPMorgan Chase Bank, headquartered in New York City, NY, notified an unknown number of customers that their info was exposed due to a “technical bug”
  • University Medical Center of Las Vegas, NV, notified an unknown number of patients that their PHI may have been exposed after ransomware attack.
  • Dark Reading published results of survey:
  • 35% of organizations have a managed services provider delivering 50% or more of their security requirements
  • Total spend will top $72.4 billion this year on global security solutions & services
  • 700% increase in malware attacks on IoT devices on the network
  • Med-Data of Spring, Texas notified 750,000 patients that their PHI was exposed after it was illegally accessed by a former employee.
  • Chico State University of California notified 130 students that their info was exposed after it was illegally accessed and posted to the Internet.
  • Palo Alto Networks Security published article warning of 4 new ransomware hacking groups:
  • AvosLocker
  • Hive
  • HelloKitty
  • LockBit 2.0
  • Revere Health, which has locations across Utah, notified 12,000 patients that their PHI was exposed after email phishing attack.
  • CyberEdge Group published cybersecurity report:
  • 86% of surveyed IT leaders say their organization was compromised by cyberattack in past year
    • 92.3% = education vertical
    • 90.3% = manufacturing vertical
    • 87.4% = telecom industry
    • 85.5% = finance vertical
    • 84.6% = healthcare vertical
    • 81.7% = retail
    • 72.5% = government
  • 69% have been hit by ransomware
  • 13% of average IT budget is spent on security
  • 76% believe they will be compromised in next year
  • On a scale of 1 to 5, rating organization’s security posture for IoT endpoint devices (which includes MFPs) = 3.93
    • Which of the following security solutions are in place to protect network endpoints?
      • 70.5% = basic anti-malware
      • 56.8% = advanced anti-malware
      • 58.1% = data loss/leak prevention
      • 55.1% = whitelist/blacklist
      • 54% = disk encryption


      • 51.3% = incident resolution
  • SonicWall published Cyber Threat Report:
  • 23% increase in past year of cryptojacking
  • 26% increase in encrypted threats
  • 59% increase in IoT attacks (includes MFPs)
  • 151% increase in ransomware attacks (188.9 million) during past quarter
  • The FBI published warning about a ransomware group named “OnePercent”
  • Rents access to Ransomware-as-a-service (RaaS) platform
  • Orchestrates intrusions into corporate networks, encrypts files and then pays commissions from successful extortions
  • Realtek Semiconductor of Taiwan is warning owners of IoT devices of a security vulnerability that allows hackers to attack using Mirai malware. 65 brands of devices at risk including:
  • Belkin
  • D-Link
  • Logitec
  • Netgear
  • Asus


Copitex is Boston’s leading provider of Konica Minolta Copiers. Contact us to buy, lease or rent a Konica Minolta Copier.

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