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Updated: Xerox to nominate up to 11 for HP board seats Acquisitions News 

Updated: Xerox to nominate up to 11 for HP board seats

GaryPageau , ,
Xerox Corp. will nominate as many as 11 directors to the HP Inc. board, according to the Wall Street Journal. as the company pushes its unsolicited $33.5B takeover offer. The current HP board consists of 12 members, including chairman Chip Bergh, CEO and managing director Enrique Lores, and former CEO Dion Weisler. In a statement, Xerox nominated the following as board... Read More
Updated: Xerox secures $24 billion financing for HP takeover bid, HP responses with shrug News 

Updated: Xerox secures $24 billion financing for HP takeover bid, HP responses with shrug

GaryPageau ,
The leadership of Xerox Holdings Corp. on Jan. 6 sent a letter to the Board of Directors of HP Inc. confirming it has obtained $24 billion in binding financing commitments from Citi, Mizuho and Bank of America to complete its proposed merger with HP. HP has resisted overtures from Xerox. In response to the most recent letter, HP again rebuffed... Read More
Worldwide large-format printer shipments down slightly, according to IDC Market research News 

Worldwide large-format printer shipments down slightly, according to IDC

GaryPageau , , ,
The worldwide large format printer market decreased modestly in the third quarter of 2019 with shipments declining by roughly 0.5% compared to the previous quarter, according to the International Data Corporation (IDC) Worldwide Quarterly Large Format Printer Tracker. “While the large format printer market has been soft, there were some surprising areas of growth when we get into the breakdown by... Read More
Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer Acquisitions News Opinion 

Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer

GaryPageau , ,
Activist investor Carl Icahn posted an open letter to HP shareholders today, criticizing the HP Inc. board for rejecting Xerox Corp.‘s merger overtures. Icahn, who respectively owns about 10.85% of Xerox and 4.24% of HP, stated HP is going down the path forged by former foe Eastman Kodak Co., which is often criticized for wasting resources on a series of failed... Read More
Back at ya, HP! Xerox to take merger case to shareholders in hostile bid Acquisitions News 

Back at ya, HP! Xerox to take merger case to shareholders in hostile bid

GaryPageau ,
Xerox Inc. management has responded bruskly to HP‘s rebuff of its offer to combine the two printing giants. Earlier this week, HP rejected Xerox’s advances, citing what it said were Xerox’s declining fortunes and it’s own perceived bright prospects. In response, Xerox vice-chairman and CEO John Visentin says the refusal to engage in the process “defies logic.” Specifically, Visentin rejects... Read More
Xerox fires back to HP after rebuff of takeover offer Acquisitions News Opinion 

Xerox fires back to HP after rebuff of takeover offer

GaryPageau , 1 Comment
In what portends to the beginning of a contentious courtship, Xerox Holdings Corp. management responded harshly to the rejection of its proposal to acquire rival HP Inc. Xerox vice chairman and CEO John Visentin advised HP board members Enrique Lores and Chip Bergh, if a “friendly” merger agreement could not be reached quickly, Xerox would take it’s case directly to... Read More
Breaking: Xerox considering bid for HP Acquisitions News Opinion 

Breaking: Xerox considering bid for HP

GaryPageau , , ,
The Wall Street Journal reports  Xerox Corp., fresh off of its divestiture of Fuji Xerox, is now considering using part of its $2.3 billion proceeds to buy rival HP Inc. Xerox is considering making a cash-and-stock offer for HP, which has a market value of about $27 billion, according to people familiar with the matter. The copier maker’s board discussed... Read More
Worldwide large format printer shipments down through the first half of 2019, according to IDC Market research Press releases 

Worldwide large format printer shipments down through the first half of 2019, according to IDC

GaryPageau , , , , ,
FRAMINGHAM, Mass.–(BUSINESS WIRE)–New data from the International Data Corporation (IDC) Worldwide Quarterly Large Format Printer Tracker shows that large format printer shipments declined in the second quarter of 2019 (2Q19), continuing the decline from the first quarter of the year. “The market has been soft overall as some of the new technology expected to drive investment in large format printing equipment on... Read More
ACI installs HP Stitch S1000 126-inch sublimation printer News 

ACI installs HP Stitch S1000 126-inch sublimation printer

GaryPageau , ,
What’s a photo lab these days? Good question! Case in point: Our pal Mark Lane at American Color Imaging in Cedar Falls, Iowa, advises ACI just took possession of the first “non-beta” HP Stitch S1000 126-inch sublimation printer. (Yes, you read that right: 126-inch printer.) “We have added three 10-foot fabric printers in the last year,” he writes. “Crazy ride... Read More
HP, Xerox expand business relationship News Press releases 

HP, Xerox expand business relationship

GaryPageau ,
PALO ALTO, Calif. & NORWALK, Conn.–HP Inc. and Xerox Corporation today announced an expansion of the companies’ business relationship. Xerox will source from HP certain A4 and entry-level A3 products with the majority running on Xerox’s award-winning ConnectKey® controller software, and Xerox will supply toner to HP for these and other products. The printers will be based primarily on the laser... Read More
HP helps brands tap into print personalization market, offers webinar Press releases 

HP helps brands tap into print personalization market, offers webinar

GaryPageau ,
HP Graphics Solutions introduces personalization framework for brands to accelerate business growth and increase consumer engagement PALO ALTO, Calif., Jan. 16, 2019 (GLOBE NEWSWIRE) — HP today unveiled its framework, The Personalization Pinwheel, to help brand owners tap into the growing personalization market. Informed by insights from more than 45 million online conversations across the globe, the framework hones in... Read More