Xerox Generates Strong Margins Ahead of its Impending Split

Revenue Continues to Drop Xerox Corporation announced its third quarter 2016 earnings October 28, 2016 (see Figure 1, Figure 2, and Figure 3): Xerox total Q3 revenue of $4.2 billion (B), down 3 percent year-to-year (YTY) Services Q3 revenue of $2.4B, down 1 percent Document Technology revenue of $1.6B, down 9 percent Xerox worldwide employment…

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Konica Minolta Displays Growth in A3 MFPs Despite FOREX Impact

Konica Minolta, Inc. (KM) reported Q216 financial results on Monday, October 31, 2016 (see Figures 1, 2, and 3 below). Q2 Revenue of ¥232.7 billion (B) ($2.27B), declined 10% (YTY), 4% increase w/o FOREX impact Q2 Operating Profit of ¥9.6B ($93.7M), declined 47% (YTY), 5% increase w/o FOREX impact Q2 Business Technologies Revenue of ¥3…

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Headline Rollup for November 1, 2016

Samsung’s printer employees to receive 60 mln won each in competition SEOUL, Oct. 29 (Yonhap) — About 6,000 employees of Samsung Electronics Co.’s printer business will receive about 60 million won (US$52,378) each in compensation, an industry source said Saturday, as Samsung agreed to sell its printer business to HP Inc. Epson Marks Construction of…

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Ricoh Q216 Results Causes Step Up of Structural Reform Efforts

H1 Operating Profit dropped 70.5 Percent Ricoh Company, Ltd. reported its Q216 results on October 27, 2016 (please see Figures 1, 2, and 3 below). Q2 Sales of ¥483.7 billion (B), declined 13.0 percent (Y/Y) Q2 Operating Profit of ¥5.7B, declined 84 percent (Y/Y) Q2 Imaging & Solutions Sales of ¥424.9B, declined 14 percent Q2…

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Lexmark Expects Acquisition to Close in 2016

First gain in last 7 quarters Lexmark International reported its third quarter 2016 on October 28, 2016 (see Figures 1 and Figure 2) below: Company revenue of $844 million (M) declined 1 percent Enterprise Software revenue of $156M, up 5 percent ISS revenue of $688M, down 2 percent Higher Value Solutions (comprised of MPS and…

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Canon Q316 Earnings Results in Yet Another Full-year Forecast Cut

Cuts Full-year Forecast for Third Time in 2016 Canon, Inc. announced its third quarter 2016 results on October 26, 2016 (see Figure 1, Figure 2, and Figure 3). Canon consolidated Q3 sales of ¥ 778.8 billion ($7.71B), down 16 percent year-to-year (YTY) Office Business Unit Q3 sales of ¥ 411.2B ($4.07B), a decline of 19…

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Headline Rollup for October 27, 2016

Konica Minolta clicks with a better buying system The supplier of information management technology reaps the benefits of trading spreadsheets for an online procurement network. Canon India launches new line-up of MAXIFY series, PIXMA TS series and PIXMA G4000 Canon India today announced the expansion of their Inkjet printers portfolio with the launch of six…

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Amazon Now in the Printing Business, Big Time

To date this year, Amazon announced its entry into two potential lucrative businesses within the printer/imaging industry, both involving printer consumables. In the beginning of 2016, Amazon announced their Dash Replenishment Program (DRS). The vision was that any consumer device that had consumables and could be monitored via the internet could be a potential DRS…

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Where’d My Teller Go?

In our last Photizo news byte we investigated the ‘gig’ economy and the transformation that has been going on in that industry. On the heels of that analysis comes an industry that has been going through transformation as well – the banking industry. It was reported that Bank of America, Citigroup, and JPMorgan “shut 389…

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Headline Rollup for October 25, 2016

Lexmark Offers Printer Guarantee Through Channel Four-year guarantee available to customers buying certain printers through partners Design Patents: Redrawing the boundaries of ownership Imagine the situation where the manufacturer of your car restricts you to drive your car only on weekdays or compels you to fill fuel at a specified fuel station. Yes, this could…

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What Does HP’s Instant Ink Program Signal for the Enterprise?

HP’s Instant Ink program is focused on retail printing customers, but it has serious implications for the entire printing industry. Consider first what Instant Ink offers the retail customer and then consider what the broad implications are. HP states that the company’s Instant Ink program addresses the two pain points for retail printing customers: Cost/value…

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How Big is the Gig Economy in the U.S.?

There have been many articles written about the transformation of our hardcopy industry. But how about the ongoing transformation of traditional jobs that are becoming, in effect, freelance ‘gigs.’ Airbnb, Lyft, and Uber are companies that have created online marketplaces to transform jobs like working in hotels or driving taxis, into independent work. The gig…

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Who Works More Hours – Americans or Europeans?

A new study has attempted to measure the differences between the total number of hours worked by American and European workers. It was not an easy task to accomplish. The original intent was to make it easier to compare countries to each other. It incorporated the length of a work week, retirement, unemployment, vacation, and…

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Headline Rollup for October 20, 2016

Xerox Services Survey Finds Retention Tops Cost Management for Employers’ 2017 Priorities Employers appear to be loosening their purse strings as they shift their focus from cost control to rewarding top performers. Fifty-three percent of respondents in Xerox (NYSE: XRX) HR Services’ 2017 Compensation Planning Survey report that their highest priority in the coming year…

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Are You Awash in Data?

As Photizo has been developing its Advanced Analytics practice we hear from clients that the problem is not having enough data, the question becomes “What to do with the data we have acquired?” In essence, the key challenge is getting the most value from your data in a manner that creates better business outcomes and…

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What are Potential Game Changers for the Hardcopy Industry?

For a mature industry, the hardcopy industry continues to change at a dizzying pace. Mergers and acquisitions among solution providers, systems integrators, and service providers; the changing landscape of the channel and the continuation of technology improvements in printing devices, such as Epson’s EcoTank models, HP’s PageWide and PageWide Pro series, Canon’s Pixma CISS printers,…

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Headline Rollup for October 18, 2016

Hewlett Packard Laying Off up to 4,000 Employees HP Inc. expects to lay off between 3,000 and 4,000 employees in the next three years amid slumping demand for its products, the company said Thursday. Xerox – Yeah, Xerox – Has Found a Way to Bust Carpool Lane Cheaters JOSEPH AVERKAMP COLLECTS stories about how people break…

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“Valuing People, Supporting Personal Best”

Such is the tagline for Shelley College located in Shelley, Huddersfield, West Yorkshire, U.K.. Unfortunately, Shelley College was taken for a ride by two of its Information and Communications Technology (ICT) employees as reported by The Huddersfield Daily Examiner by way of RT Recycling Times.  Two of its employees stole close to £100,000 ($122,000) worth…

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Headline Rollup for October 13, 2016

Sharp Corporation Appoints Doug Albregts as President and CEO of Sharp Electronics Corporation MAHWAH, N.J., Oct. 13, 2016 /PRNewswire/ — Sharp Corporation today announces the appointment of Doug Albregts to the role of President and Chief Executive Officer of Sharp Electronics Corporation (SEC), their wholly owned subsidiary that manages the Americas business. As part of Sharp Corporation’s recent strategic alliance…

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Will Recent Patents Create Havoc for Remanufacturers?

The Recycler magazine has two current articles concerning patents generated from Canon and Brother. Both articles mentioned the patents could affect remanufacturers. The one from Canon spoke about a “seal between two components” while the article about Brother’s patent had to do with “steps” required to manufacture an ink cartridge. On the surface, both of…

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Is Financial Pressure Reducing Industry R&D spend?

There are many reasons why shareholders have wanted to invest in the imaging industry. A few reasons have been revenue growth, profit growth, the business model (supplies annuity), impressive technology, new stylish products, or even dividends. As shareholder expectations have increased for the industry (and the fact that management bonuses are tied to growth), most…

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Headline Rollup for October 11, 2016

Why HP Thinks 3D Printing is the Future CEO Q&A: George Brasher, the hardware firm’s UK boss, discusses innovating as a big business, disrupting manufacturing and mastering first time management. OKI Data reveals newest ColorPainter printer OKI Data Infotech Corp., announced an addition to their line-up of high end printers with the new 64-inch wide-format ColorPainter 3-64s printer.…

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Where’s the Light (at the End of the Tunnel)?

The proverbial ‘light at the end of the tunnel’ appears very faint these days as U.S.-based and Japanese OEMs continue to consolidate, attempt to find profitable adjacencies, reduce expenses or buyback stock in order to make each other attractive to investors. All hardcopy OEMs have reported at least one quarterly earnings for Fiscal 2016. Almost…

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Will HP use Samsung’s R&D personnel now?

HP announced an updated line-up of six mobile-enabled monochrome LaserJet Pro printers on October 5th for U.S. customers. These are low-end A4 LaserJet Pro devices – single-function (SFP) and multi-function (MFP) with speed points of 23ppm and 30ppm and price points between $99 (SFP) and $329 (MFP) – some will be sold by Wal-Mart. Additionally,…

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Headline Rollup for October 6, 2016

HP Inc. Introduces New ScanJet Scanners for SMBs and Enterprise Customers PALO ALTO, Calif., October 5, 2016 — HP Inc. today announced four next generation business scanners that meet a wide range of scanning needs from general office to complex workflows. Significantly faster and more robust than previous models – with optional mobile capability –…

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How Have Imaging Firms been Doing since Q1 2014?

Most, if not all, of the imaging OEMs are struggling to grow profits and most operating profit margins have declined (see Figure 1). Here’s a few insights from Figure 1. Focus does pay – Epson has focused its strategy on disrupting the inkjet business model. It appeared to be working until Q415. HP shows market…

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What Did HP Gain in Acquiring Samsung’s Printing Solutions Business?

When HP announced its acquisition of Samsung’s Printing Solutions Business last month it said one of its reasons for doing so was Samsung’s “compelling intellectual property portfolio of more than 6,500 printing patents.” Photizo enlisted Tim Strunk, our resident patent expert, to delve into the patent count and see what he could find out using…

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HP Introduces New Family of Affordable, Mobile-Enabled LaserJet Printers

Announces first sub-$100 HP LaserJet printer PALO ALTO, Calif., October 5, 2016 — HP Inc., the global leader in printing1 , today announced six new fast, affordable and mobile-enabled monochrome LaserJet Pro printers for individual and small office use. The updated lineup of single and multi-function HP LaserJets are the most productive of their class –…

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Business Intelligence Digest – September 2016

Download the business-intelligence-digest-september-2016 Enjoy all the articles that we published in September … in one convenient PDF document.

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Headline Rollup for October 4, 2016

Launch Digital Transformation from an MPS Foundation Have you started your paper-to-digital transformation yet? If the answer is no, you’re not alone. Many organizations put this off because they just don’t know where to start. The whole idea of digital business is overwhelming – but urgent. HP to Stop Blocking Some Third-Party Ink Cartridges HP…

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