TOP NEWS

Xerox offers to take over PC, Printing giantHP Inc.


As reported in the Wall Street Journal, Xerox, in a surprise bid, has offered to takeover HP Inc. for about $30 billion USD. HP acknowledged there are ongoing discussions between the two companies and that it received an offer letter from Xerox. In a statement issued by HP, it said,: “As reviewed at HP’s most recent Securities Analyst Meeting, we have great confidence in our multi-year strategy and our ability to position the company for continued success in an evolving industry, particularly given the multiple levers available to drive value creation.

Against this backdrop, we have had conversations with Xerox Holdings Corporation (NYSE: XRX) from time to time about a potential business combination. We have considered, among other things, what would be required to merit a transaction. Most recently, we received a proposal transmitted yesterday.

We have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all our shareholders.”

On the digital production printing side of the market, how HP Indigo and HP's PageWide web press inkjet printing operations would couple with Xerox's current digital toner- and inkjet-based product lines would remain to be seen.

Xerox has already secured an informal funding commitment from a major bank, WSJ reported.

Whether this will actually go through or not is another question altogether. Xerox is offering HP almost a month to consider the deal.

NEWS UPDATE
 

HP Inc. rejects Xerox offer but open to deal options.
Memjet has announced new enhancements to its second-generation printing technology, DuraLink. Based on feedback from current and future OEM partners, DuraLink XL enhancements include a more robust printhead, four times the printhead life and an expanded color gamut......more


Xerox launches PrimeLink C9065/C9070 with embellishment capabilities
Memjet has announced new enhancements to its second-generation printing technology, DuraLink. Based on feedback from current and future OEM partners, DuraLink XL enhancements include a more robust printhead, four times the printhead life and an expanded color gamut......more


Xerox offers to take over PC, Printing giantHP Inc.
Memjet has announced new enhancements to its second-generation printing technology, DuraLink. Based on feedback from current and future OEM partners, DuraLink XL enhancements include a more robust printhead, four times the printhead life and an expanded color gamut......more


Mark Andy Develops Certified Digital Press Rebuild Program
Memjet has announced new enhancements to its second-generation printing technology, DuraLink. Based on feedback from current and future OEM partners, DuraLink XL enhancements include a more robust printhead, four times the printhead life and an expanded color gamut......more


Fujifilm to own 100% of Fuji Xerox
Memjet has announced new enhancements to its second-generation printing technology, DuraLink. Based on feedback from current and future OEM partners, DuraLink XL enhancements include a more robust printhead, four times the printhead life and an expanded color gamut......more


OnPrintShop introduces simplified Web2Print solution for HP Indigo digital presses
Memjet has announced new enhancements to its second-generation printing technology, DuraLink. Based on feedback from current and future OEM partners, DuraLink XL enhancements include a more robust printhead, four times the printhead life and an expanded color gamut......more


Fedrigoni acquires Ritrama
Memjet has announced new enhancements to its second-generation printing technology, DuraLink. Based on feedback from current and future OEM partners, DuraLink XL enhancements include a more robust printhead, four times the printhead life and an expanded color gamut......more


HP Introduces New Indigo ElectroInks
HP Indigo has announced the release of new special inks for commercial printing — HP Indigo ElectroInk Silver and HP Indigo ElectroInk Premium White......more


Canon Announces Corporate Name Change of Océ to Canon Production Printing
Canon Inc. and Océ Holding B.V. announced the official corporate name (trade name) change of Canon Group company Océ to Canon Production Printing.t......more


Memjet introduces enhancements to DuraLink
Memjet has announced new enhancements to its second-generation printing technology, DuraLink. Based on feedback from current and future OEM partners, DuraLink XL enhancements include a more robust printhead, four times the printhead life and an expanded color gamut......more


Durst partners with Color Concepts
Durst, a manufacturer of advanced digital production technologies, and Color Concepts, an independent professional services provider for the digital wide format printing industry, have announced a partnership. .....more


GMG ColorServer 5.1Color Management Workflow now available
GMG, German based color management expert, has announced the availability of GMG Enhanced ColorServer and GMG OpenColor software. GMG establishes new possibilities for its customers, notably for users from the packaging segment......more


Canon India launches CLICKTRACE print shop management software
Keeping up with the pace of the fast-moving digital printing industry and to match the evolving needs of the customers, Canon India launched CLICKTRACE, a print shop management software. Exclusively built for Canon production printers, the software is designed to optimize order processing and pricing, exactly find out the print jobs done from shop floor about CLICKS and media usage even when one is away......more


Konica Minolta India announces the 450th global installation of AccurioLabel press
Konica Minolta Business Solutions Pvt Ltd (India) announced the installation of the 450thAccurioLabel toner press on a global scale. The announcement was made at the Labelexpo Europe 2019.
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Jet Press 750S Awarded Fogra Certification for Contract Proofing
Fujifilm announced that its highly regarded third generation B2 inkjet press has been awarded Fogra certification for contract proofing, including FOGRA51 and FOGRA52 accreditation for premium coated and uncoated wood-free substrates respectively.
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Mimaki showcases new Hybrid Printer at ITMA 2019
Mimaki Engineering, manufacturer of inkjet printers and cutting systems, demonstratedits brand-new hybrid digital textile printer from the TX300P series at ITMA 2019......more


Eighth Jetsci Colornovo press from Monotech installed at Mumbai
Mumbai based Barcom Industries was the destination for the eighth Jetsci Colornovo inkjet press. Prasanna Sahu, chairman and Uday Lodha, director at Barcom Industries said: ‘We chose Jetsci Colornovo after an extensive research on quality, reliability and productivity it offers. .....more


Durst showcases new fifth generation Alpha technology
Durst, manufacturer of advanced digital printing and production technologies, showcased its proven Alpha comprehensive technology platform at ITMA. ...more


Nancy Graphics enhances signage capacity with new Esko Kongsberg
Mumbai-based Nancy Graphics recently added an Esko Kongsberg X24 cutting table driven by Esko ArtiosCAD software has helped the company to add signage branding solutions and value for its customers......more


HP and Xerox Expand Business Relationship
HP Inc. and Xerox Corporation 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. ......more


SPGPrints, Xaar showcases latest Dye Sublimation Innovations at ITMA
SPGPrints has created waterborne sublimation inks specially for the new Xaar 5601 printhead. A technology collaboration between SPGPrints and Xaar was showcased at ITMA 2019
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X-Rite Announces i1Pro 3 Plus Color Profiling Device for Imaging Print and Textiles
X-Rite Incorporated and Pantone LLC announced the new i1Pro 3 Plus, a spectral color measurement solution specifically designed for imaging, print, and textile professionals who need advanced calibration and color profiling capabilities
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Duplo launches DC-516 slitting machine
Duplohas launched a new concept for finishing in print, the DC-516 a slitter that adapts to specific tasks at the time of production......more

Domino appoints digital printing divisional director
David Ellen, president of Domino Digital Printing North America, has been promoted to the global position of director of the company’s Digital Printing Solutions division.
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Kornit announces new NeoPoly inks and printers
Kornit has announced new NeoPoly ink technology as well as a new direct to fabric printer, the Presto, a high volume industrial printer that does away with the need to pre- and post-treat the textiles, and does not consume any water in the printing process.........more


Screen develops blue ink for Truepress Jet L350UV+
SCREEN Graphic Solutions Co., Ltd. has developed a new blue ink intended for use in its high-end Truepress Jet L350UV+ digital label printing system. The ink will be released worldwide in June......more


Robert Pulford appointed Domino new CEO
Following Nigel Bond’s retirement at the end of March 2019, Domino Printing Sciences has appointed Robert Pulford as its new CEO......more

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