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COVID claims another event casualty: Dscoop Edge San Diego canceled Events 

COVID claims another event casualty: Dscoop Edge San Diego canceled

HP and Dscoop have canceled the Dscoop Edge San Diego event, which had been scheduled for Oct. 24-27 in San Diego, Calif. “The health and safety of our global employees remains our top priority,” said Haim Levit, VP and General Manager of HP Indigo, in a statement. “We wish we could all meet face-to-face in the way we had hoped for at Edge... Read More
PRINTING United Expo 2021 registration now open Events 

PRINTING United Expo 2021 registration now open

PRINTING United Alliance announces registration has officially opened for the highly anticipated PRINTING United Expo 2021, taking place at the Orange County Convention Center in Orlando, Fla., on Oct. 6-8. New this year is a three-phase Expo experience furthering provides access to even more education, new product debuts, and more, for the industry around the globe, the group said. The... Read More
Industry Notes for the week of Jan. 18 People on the Move 

Industry Notes for the week of Jan. 18

  Pro Photography EMOTION Photography to graduate from Founder Institute in Silicon Valley EMOTION Photography, the Australian professional photography startup, was selected as one of 12 presenting companies on Jan. 20, Graduation Day, at the Founder Institute of Silicon Valley, a business incubator. See the short promo video here. EMOTION Photography is a digital-first operation built around the belief the... Read More
Koelnmesse cancels photokina “for the time being” Events News Opinion 

Koelnmesse cancels photokina “for the time being”

Koelnmesse, the organizer of the leading worldwide photo/imaging exhibition, photokina, has canceled the Cologne event “for the time being” after 70 years. The 2020 edition had already been canceled but dates for May 2022 were announced. It’s an ignoble end to the largest and, arguably, the most influential photo/imaging trade event. For most of its existence, photokina was held every... Read More
Shutterfly buying more than 60 HP Indigo digital presses News 

Shutterfly buying more than 60 HP Indigo digital presses

HP Inc. announced one of its biggest customers, photo personalization giant Shutterfly, has embarked on a massive expansion of its digital press fleet with the acquisition of more than 60 new HP Indigo Digital Presses. HP referred to the deal as “the largest single customer order to date for the HP Graphics business.” The rollout includes B2-sized HP Indigo 100K... Read More
HP announced Haim Levit as the new general manager for HP Indigo News 

HP announced Haim Levit as the new general manager for HP Indigo

HP Inc. announced Haim Levit as the new general manager for HP Indigo, a division of HP Graphics Solutions Business. He succeeds Alon Bar-Shany, who led the division to prominence over 15 years. Levit served as global head of GSB Industrial Go-to-Market organization and Americas Indigo & PWP Business, prior to taking helm of HP Indigo. Levit has also served... Read More
HP meets earnings target but misses sales expectations, sending shares tumbling Earnings reports News 

HP meets earnings target but misses sales expectations, sending shares tumbling

Printer maker HP Inc. announced the company beat analysts second-quarter earnings target of 51 cents per share ($12.47 billion – above the expected 45 cents per share – but lower sales sent HPQ stock lower. On a year-over-year basis, HP earnings dipped 4% while sales declined 11%. Printing net revenue was down 19% year over year (down 18% in constant... Read More
HP launches free print, play and learn platform Marketing News 

HP launches free print, play and learn platform

HP Inc. launched the free Print, Play & Learn online resource to support millions of families around the world who have transitioned to learning from home. Collaborating with education resource providers, including Education.com, TIME for Kids, Canva, and KiwiCo, HP is curating weekly literacy content as well as worksheets, coloring pages, puzzles and other learning printables for parents with children... Read More
Xerox abandons tender off for HP, due to COVID-19 pandemic Acquisitions News 

Xerox abandons tender off for HP, due to COVID-19 pandemic

Xerox Holdings Corp. is abandoning its effort to acquire much-larger rival HP Inc., citing the “macroeconomic and market turmoil” caused the COVID-19 pandemic. The company said it is withdrawing its $24-per-share tender offer to acquire HP and will also no longer seek to nominate  a slate of candidates to HP’s Board of Directors. The company’s statement continued: While it is... Read More
HP says Xerox tender offer is “disastrous” in current climate Acquisitions News 

HP says Xerox tender offer is “disastrous” in current climate

HP Inc. advised shareholders advancing Xerox’s proposed tender offer could be “disastrous” during the current global COVID-19 pandemic. HP said the Xerox’s offer would burden the company with a debt level that could potentially threaten its cash needs, but hasn’t ruled out a future combination if and when the economy improves.  HP also raised concerns the “highly leveraged capital structure”... Read More
Xerox puts HP bid on hold due to COVID-19 concerns Acquisitions News 

Xerox puts HP bid on hold due to COVID-19 concerns

Xerox Holdings Corp. today put a hold on takeover bid activities for HP Inc. due to the global COVID-19 pandemic. “In light of the escalating COVID-19 pandemic, Xerox needs to prioritize the health and safety of its employees, customers, partners and affiliates over and above all other considerations, including its proposal to acquire HP,” said John Visentin, Xerox vice chairman... Read More