Tag: HP – Page 2 – The Dead Pixels Society

Koelnmesse cancels photokina “for the time being”

November 27, 2020 GaryPageau Agfa, Apple, Eastman Kodak, Fujifilm, HP, Koelnmesse, Microsoft, Photokina, PMA, PMA Show, Polaroid

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

Earnings reports

HP reports 2020 net revenue down 3.6%

November 25, 2020November 25, 2020 GaryPageau HP

HP Inc. announced fiscal 2020 net revenue of $56.6 billion, down 3.6% (down 2.3% in constant currency) from the prior-year period. In the printing segment, net revenue was $4.8 billion, down 3% year over year (down 2% in constant currency) with a 14.8% operating margin. Total hardware units were up 14% with Consumer hardware units up 18% and Commercial hardware units... Read More

News

Shutterfly buying more than 60 HP Indigo digital presses

November 12, 2020November 13, 2020 GaryPageau HP, Shutterfly

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

News

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

June 19, 2020June 22, 2020 GaryPageau Dscoop, 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

News People on the Move

Industry Notes for the week of June 13

June 13, 2020June 15, 2020 GaryPageau HP, Industry Notes

Pro Photography Here’s How Norwegian Cruise Lines Uses Perfectly Clear to Sell More Photos and Make More Profit Across 17 Ships Imagine how many vacationers get their photos taken on a cruise. When you have a fleet of 17 ships, that equates to tens of thousands of photos a day! Norwegian Cruise Line was in need of a photo editing... Read More

Earnings reports News

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

May 28, 2020May 28, 2020 GaryPageau HP

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

Marketing News

HP launches free print, play and learn platform

April 15, 2020April 23, 2020 GaryPageau Canva, HP

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

Acquisitions News

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

March 31, 2020April 3, 2020 GaryPageau HP, Xerox

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

Acquisitions News

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

March 25, 2020March 27, 2020 GaryPageau HP, Xerox

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

Acquisitions News

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

March 13, 2020March 18, 2020 GaryPageau HP, Xerox

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

New Products

HP introduces Series 5 and Series 6 HP Indigo platforms

March 13, 2020March 13, 2020 GaryPageau DRUPA, HP, Indigo

In anticipation of the now-postponed drupa, HP Inc. made numerous announcements: Series 5 and Series 6 are two new HP Indigo platforms delivering large digital print volumes thanks to high speed and productivity. The new B2-format HP Indigo 100K Digital Press for commercial print, the first press in the new Series 5 platform, is engineered for higher productivity to deliver more... Read More

Acquisitions News

Xerox officially launches HP tender offer; HP rejects it

March 6, 2020March 6, 2020 GaryPageau HP, Xerox1 Comment

Xerox Holding Corp. officially launched its $34 billion cash-and-stock offer for HP Inc., a proposal valued at about $24 a share. (For each HP share, a holder would receive $18.40 in cash and 0.149 Xerox shares.) The offer is set to expire April 21. Xerox already nominated 11 candidates for HP’s board to help close the deal. “Our proposal offers... Read More

Acquisitions Earnings reports Feature News

HP announces earnings, plans to spend $15 billion to buy back shares

February 25, 2020February 28, 2020 GaryPageau HP, Xerox

Facing an increasingly hostile takeover pitch from Xerox Holdings, HP Inc. used its quarterly earnings announcement to offer a “multi-year strategic and financial value creation plan” to deliver improved financial results by 2022. The cross-company plan will include billions in “sustained cost actions” and a $16 billion capital return program over three years. Under the plan, HP says it will... Read More

Acquisitions News

While Xerox courts HP shareholders, HP adopts poison pill

February 20, 2020February 22, 2020 GaryPageau HP, Xerox1 Comment

HP Inc. announced it would implement a poison pill plan to thwart the attempt by rival Xerox Holdings to acquire the maker of printers. Xerox recently raised its offer earlier this month by $2 to $24 per share, following a series of rejections of other buyout offers. Meanwhile, Reuters reported Xerox execs hosted a dinner in Greenwich Village for HP shareholders... Read More

Acquisitions News

Xerox increases HP offer price to $24 per share, to launch tender offer

February 10, 2020February 10, 2020 GaryPageau HP, Xerox

Xerox Holdings Corp. announced its intention to launch a tender offer on or around March 2, 2020, for all of the outstanding shares of common stock of HP Inc. at a price of $24.00 per share (about $34 billion), which will be comprised of $18.40 in cash and 0.149 Xerox shares for each HP share. The tender offer will not... Read More