– Xerox announced it sold a Color 1000 Digital Press to TopCopy, a commercial printer in Claremont, South Africa.
– Article in PrintWeek magazine, has comments from Xerox’s CRO, Ursula Burns, on the company’s plans for production color inkjet systems growth:
o When asked if print is becoming peripheral to Xerox as compared to managed services, she stated; “we are not measuring importance by how big our businesses are. It’s not about size, it’s about penetration and value creation in the market.”
o “If we are number one and it’s a tenth of revenue, I’m happy”
o “We need to build the same depth of portfolio in inkjet as in Xerography, as we continue to grow, change and diversify our business you should not be surprised about us acquiring capabilities.
o When asked about plans for inkjet in packaging, wide format or functional printing, she said; “These are all options. None of them are impossible for us to go after, the team is going to have to pick. Some will be clear choices, some will by flyers. If we try everything, we’re going to mess up everything.”
o Also interviewed was Paul Morgavi, COO of Xerox’s inkjet operations:
“Digital printing is currently addressing only 2% of the total print market. 98% is still free. Many people predict that more than 50% of the total printing market will be addressed by inkjet. I agree!”
“The goal for us, is to design a product that answers customer needs, not general needs.”
“Never design a product based on an engineer’s idea.”
Xerox’s Impika division will show a product at DRUPA 2016 show that will run at 350 meters per minute. “It will be the fastest printer in the world.” Stated Mr. Morgavi.
– Xerox announced it won a contract to manage employee benefits for Heinz Corp. and its 2500 employees.
– Xerox announced it will be sponsor of “30 Seconds To Know’, which is 30 second videos on MSNBC cable TV channel, showing a MSNBC newscaster explaining news of the day.
– Cartridge World, which has 600 locations in the U.S. which refill printer cartridges, announced that it plans on actually selling printers and MFPs, representing Canon and HP brands, according to press release.
– Google purchased Dropcam, a home security and camera vendor, for $555 million in cash. The company provides WiFi video service with live streaming, two way talk, alerts and night vision.
– Coca Cola Corp. and Black Eyed Peas artist, Will.i.am, announced a new company called “Ekocycle” that will launch a 3D printer that will sell for $1199, and use materials from used clear plastic soda pop bottles.
– Adobe Corp. announced that its 2nd quarter profits are up 16% on strength of its subscriptions to a cloud-based version of its creative design software.
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