The Printing Industries of America released the following data about sales in the print for pay marketplace:
- Sales in first half of 2009 are down 4.75%
- Digital print sales are down 10.63%
- Inkjet print sales are down 96.48%
- 68% of printshop owners reported a decline in profits
- Employment levels decreased by 6.9%
- 73% of owners do not expect hiring levels to pickup thru first half of 2010
- 15.9% of sales are from digital devices
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A company in China that makes offset printing presses, is going public to raise cash for growth. Details:
- Douyan Printing is incorporated in Wyoming, but manufacturing is in China
- Company manufactures 15 different types of single color presses
- In future will launch multicolor presses, auto booklet maker, and a paper cutter.
- Company has 1,339 employees
- reported net income of $32.6 million on revenue of $10.6 million
- hopes to raise $47 million
- CEO is Christopher Holbert, who is paid $280,000
- COO is Xiqing Diao, who is paid $42,650
- CFO is William Suh, who is paid $$192,000
- Will market to the 90,000 printshops in China.
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Since Fujitsu (no relation to Fuji) sold its hard drive business, the only unit continuing to operate out of its Sunnyvale, CA, North America headquarters is the document scanner business. CEO is Etsuro Sato, and Scott Francis is VP of Marketing.
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According to IDC Research, MFP sales were down only 6% during second quarter of 2009, versus second quarter of 2008. In contrast, the entire hardcopy peripherals market (including printers), was down 21%
IDC Research stated the following on imaging infrastructure in corporate America:
- as much as 5% of business’s revenue is spent on document production and management
- as much as 0.2% is spent directly on printing hardware, supplies, maintenance and help desk support
- remote management of imaging assets allows companies to save as much as 8% to 41% per year on spending on hardcopy devices, IT support and consumables
- current installed of fleet of faxes, copiers and printers are operating at just 5% of their capacity
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InfoTrends states that the recession has driven more to consider outsourcing their document needs. 20% of businesses surveyed stated that they will outsource in 2010.
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More details on Canon’s third quarter financials:
- revenue down 21.5%
- operating income was down 53.6%
- operating profit up 33.6%
- net income fell 55.8%
- revenue from America’s fell 24%
- Office equipment accounts for 2/3’s of revenue
- Copier revenue down 28%
- B/W MFP revenue down 31.3%
- Color MFP revenue down 29.4%
- B/W MFP unit sales down 26%
- Color MFP unit sales down 15%
- Color MFPs account for 27% of units and 48% of total MFP revenue
- Laser printer sales down 26.8%
- B/w laser printer sales down 38%, color down 15%
- Laser printer unit shipments (most sold by HP) down 60%
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Hewlett Packard has 40% of the computer peripheral market in units, according to IDC Research. Following HP is Canon, Epson, Brother and Lexmark.
A group of HP pension fund investors, who claimed that HP erred in handing former CEO Carly Fiorina a $21 million severance package, lost their lawsuit in the U.S. Court of Appeals.
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Mark Bardin of Granville, Washington, was sentenced up to 6 years in prison after he pleading guilty to making fake $20 bills using a color copier.
Ronald Thacker of Nashville, TN was arrested after attempting to use fake $20 bills to go bowling at Just One More Sports Bar. Police stated bills were made on a Canon color copier.
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Okidata announced it has promoted Doug Whetzel to VP of U.S. Commercial and Public Sector Sales, reporting to Greg Van Acker, VP of U.S. Sales.
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Riso donated a working, see-through HC5500 high speed color inkjet printer to the Museum of Printing in Andover, MA.
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MWAi, maker of remote device management software for dealers, announced it hired former IKON executive, Steven Stegman as Customer Engagements Manager.
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The following data was released about consumers: - Wikipedia has more than 13 million articles
- 100 million videos are viewed on YouTube every day
- 65,000 new videos are uploaded to YouTube every day
- 400 million blogs are now in existence
- Flickr contains more than 3.6 billion images
- 5 billion minutes are spent on Facebook every day
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EFI announced that it will hold its next EFI Connect trade show in Las Vegas on 4/18-21/09.
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eDigital Corp. of San Diego, CA announced it is filing a patent infringement suit against companies it claims are violating its flash memory patent, including; Canon, Kyocera, Nokia, Pentax, Panasonic, Roland, Marantz, Imation, Polaroid, TEAC and others
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CFO magazine reported data on equipment leasing in the U.S.:
- Volume of new business declined by 31%
- 5.6% of receivables were not paid in more than 30 days
- Losses rose from 2.05% to 3.01%
- Total number of employees at leasing companies down 10%
- Income down as much as 20% due to increased credit losses
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During Kofax Software’s recent TRANSFORM event, it had some of its customer speak about the use of Kofax products for document management, including executives from:
- Catholic Healthcare West (CHW)
- Boeing Corp.
- Pharmaceutical Product Development, Inc.
- Oppenheimer Funds
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In an effort to cut costs, David Patterson, governor of New York, ordered state agencies to:
- “except under compelling circumstances, agencies are to implement double-sided printing”
- “eliminate personal printers, except in cases where an accommodation must be made for a person with a disability”
- “replace multiple individual printers in adjacent offices with standardized, centralized networked copiers”
New York attorney general, Andrew Cuomo, filed an 83 page complaint in a U.S. District Court, claiming that Intel Corp. bribed and threatened computer manufacturers to block the sale of rival’s products in a “worldwide, systematic campaign of Illegal conduct
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Arizona State University announced it is saving $10,000 per year in its construction purchase order department, by implementing eCopy systems. (ASU has contract with Canon Business Solutions)
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Xerox received the 2009 Harold W. Gegenheimer award from NPES, the association for suppliers of printing, publishing and converting technologies. Xerox is the first manufacturer of digital printing equipment to win the award. The award is named for former NPES president, whose innovations helped increase usage of offset printing.
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Panasonic made its tender offer of $4.5 billion to acquire all shares of its rival, Sanyo.
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U.S. District Court judge, Joe Farnan, declared that Honeywell’s claim of a sole patent for LCD technology was invalid, thus ending Honeywell’s lawsuit against Fuji and Samsung.
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"According to IDC Research, MFP sales were down only 6% during second quarter of 2009, versus second quarter of 2008. In contrast, the entire hardcopy peripherals market (including printers), was down 21%"
ReplyDeleteMakes complete sense. MFP's are contracted for obsolescence by being placed on a lease while printers are sold outright. Copier sales cycles are all molded around the goal of lowering monthly costs by rolling the residual into the next deal and refinancing under a new lease. On the other hand the printers are paid for, to get a new one the customer spend is all new out of pocket cash. And with most operations shrinking the workforce, they have no need to buy new printers.