Who is Xerox’s New CEO John Visentin?
According to Icahn, Visentin had the skills that would help Xerox shareholders understand why the proposed merger with Fuji Xerox was a bad idea, and that a new management team would be better for Xerox.
EFI Reports Record First-Quarter Revenue For First-Quarter 2018
Electronics For Imaging (EFI) today reported results for first-quarter 2018, reporting “record” first-quarter revenue of $239.9 million, up 5 percent compared......
Konica Minolta Consolidating Operations in New Jersey
Commercial Property Executive reports that Konica Minolta Business Solutions U.S.A. is consolidating its U.S. operations into a single campus, starting......
Xerox Reports First-Quarter Results
Because of Xerox’s announcement this week that its CEO and six Xerox board members will be stepping down under its pending Director Appointment, Nomination and Settlement Agreement with Carl Icahn and Darwin Deason, Xerox is not releasing a financial forecast.
Static Control Opens New Distribution Center in Texas
Canon has also filed a patent-infringement lawsuit against Static Control, which says it’s the world’s largest manufacturer and distributor of parts and supplies supporting the toner remanufacturing industry.
Fujifilm Objects to New Proposed Xerox Agreement with Deason, Icahn
Fujifilm will review its plan to purchase Xerox for $6.1 billion, but also is said to have expressed serious concerns over the new developments.
In Stunning Reversal, Xerox Yields to Deason and Icahn in Far-Reaching Settlement
The new Xerox board will meet immediately to discuss alternatives to the proposed Xerox-Fuji Xerox merger.
Ricoh Reports ¥135.5 Billion Loss for Fiscal Year
For its fiscal year that will end in March 2019, Ricoh is forecasting that sales will be down slightly (-1.1 percent) and net income of ¥47 billion.
Supplies Network Added as Authorized Distributor for HP A3, A4 Printers and Copier/MFPs
Supplies Network, a national wholesale distributor offering imaging supplies and office-imaging equipment and parts from over 80 manufacturers, announced today the...
Xerox Testing Finds High Levels of Carcinogen in Third-Party Toner Cartridges
California’s Office of Environmental Health Hazard Assessment cites studies showing that styrene increased the incidence of combined malignant and benign lung tumors.
Preliminary Injunction Blocks Proposed Xerox-Fujifilm Deal
Court papers noted: “The lynchpin of the Court’s decision turns on the conduct of Xerox CEO Jeff Jacobson in the time frame preceding the Board’s approval of a transaction that granted control of an American icon company to Fuji without any cash payment by Fuji to Xerox shareholders, and the Board’s acquiescence in Jacobson’s conduct.”
Revenue up for Epson’s Fiscal Year, but Profits Down
Revenue generated by Epson’s Printing Solutions group was ¥736.6 billion, up 7.3 percent year-over-year.
Bluedog Consents to Stop Selling Alleged Patent-Infringing Toner Cartridges
Canon Inc. of Tokyo, Japan, today announced that it’s concluded its patent-infringement lawsuit against Bluedog Distribution Inc. in the U.S....
This Week in Imaging: There’s Gold in Those Printers – Literally and Figuratively
Those who can establish a stronger printer foothold should then be able to leverage this into a strong advantage later on.
Fujiflm Agrees to Re-Open Talks on Proposed Xerox-Fuji Xerox Deal
Xerox’s Keegan was speaking as part of a court hearing involving Xerox shareholder Deason’s lawsuit, which was filed in March 2018, to block Xerox’s deal with Fujifilm and also nominate directors to Xerox’s board.
Reflecting Profitable Fiscal Year, Sharp to Pay Dividends For First Time in Six Years
“Considering our earnings, financial condition, and future business growth, Sharp has decided to pay dividends for the first time in six years.”
