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HP has rejected an increased $35 billion takeover offer from Xerox Holdings, saying it undervalues the company and is not in the best interests of shareholders. The offer showed Xerox’s “desperation…to address its continued business decline," said HP's board, adding: “Xerox does not have experience operating businesses in the sectors in which HP operates, including within Personal Systems, Home Printing, and 3D and Digital Manufacturing.”
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Prytec Solutions will showcase the new PLS-F1515 1kW Fibre Laser cutter at its first Open Day event for 2020 at headquarters in Deer Park, Melbourne later this month.
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SA International (SAi) says it’s new Sidekick software is a job organisation tool that helps sign and large format print businesses to manage end-to-end production operations, from quote creation to invoicing.
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The deadline for the Printing Industry Creativity Awards (PICAs) has been extended by one week to Friday 13th March because members of the Print and Visual Communications Association (PVCA) are reporting “operational impact” caused by the coronavirus.
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Canon will end a 35-year relationship with HP if Xerox succeeds in its hostile bid to take over its larger rival, according to Canon CEO and chairman Fujio Mitarai. HP is among Canon’s biggest customers, generating almost 14% of its sales.
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The organisers of global print expo FESPA 2020 in Madrid have postponed the event "to a later date, precise timing and venue still to be determined," as the coronavirus continues to spread across Europe.
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There are two recent changes within Mutoh Australia. Russell Cavenagh has been promoted from General Manager to Managing Director, while wide format printer and application specialist Stephen Crichton, has joined Mutoh Australia in the role of Product Marketing Manager.
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The collection of companies that comprise the Skope Group and affiliated companies has gone into administration with Cor Cordis' Alan Walker appointed as administrator. This is just a few months after a DOCA was implemented for their connected entity Clear Skies Pty Ltd, that promised 30 cents in the dollar to creditors within 3 years...which now looks unlikely to happen.
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Xerox has filed a tender offer with the US Securities and Exchange Commission (SEC) for all outstanding shares of HP Inc. - the latest move in its nine-month fight for control of its larger rival. The move comes days after HP revealed that during talks last year between the two print giants, Xerox CEO John Visentin had suggested that HP should buy Xerox.
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HP’s manufacturing operations will be adversly affected this quarter due to the COVID-19 (coronavirus) epidemic, according to HP CEO Enrique Lores. "After Chinese New Year, production has slowed down," he said. Meanwhile, industry researcher IDC has warned that concerns over the epidemic may acutely impact the global large format printer market.
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"There have been some understandable questions about whether the unfolding COVID-19 (coronavirus) situation will affect the Visual Impact Expo due to open on the Gold Coast in late April," say organisers Visual Connections. "The good news is that at this stage planning continues in the expectation that all will go ahead as scheduled, both for the expo and for the ASGA/FESPA Australia HP National Conference and Awards."
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Roland DG Australia has appointed print industry veteran Jeremy Matthews as its new Adelaide-based service engineer in South Australia.
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More than 600 exhibitors will showcase innovations in digital and screen printing for graphics, signage, décor, packaging, industrial and textile applications at global print expo FESPA 2020 in Madrid (24-27 March). Wide format technology manufacturers Roland DG, Mutoh, Canon and AGFA previewed their stands.
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The region’s biggest print company Ovato (formerly PMP) reported a net loss of $58m in H1 FY20, with subdued retail conditions hitting newspaper and non-food catalogue volumes and pushing down sales by $34m to $328m. The cost of the company’s site consolidation at Warwick Farm in Sydney has jumped by $10m to $60m due to operational and labour issues.
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Industry supplier HVG, part of the Halifax Vogel Group, is having an exceptionally good value clearance on backlit, frontlit and blockout fabric rolls from 1600mm to 3200mm wide and 50-100 metre lengths. Often known as a 'BOGOF' sale - buy one get one free - the prices have already been discounted by 20-30%. Offer ends March 6th - Check it out and save!
- Drupa: "No reason to cancel trade fair"
- Visual Impact Gold Coast smashes pre-registration record
- SIHL Poster Paper Pro and Satin wallpaper available from Ricky
- FESPA 2020: Durst’s P5 350 hybrid offers roll-to-roll and board printing options
- SAi to release new software at FESPA & sees boom in subscription sign-ups
- TAFE students treated to tour of Clarke Murphy Print
- HP slams Xerox $35bn takeover bid as 'flawed & irresponsible'
- Konica Minolta advises Japanese staff to work from home as coronavirus spreads
- Pay-per-use wide format enters the market with HP – click charge by another name?
- Drytac signs Shann DPM as exclusive Australian distributor
- Entry deadline extended for HP Sign & Display awards
- Orafol boosts team with five new specialists
- Where Signage Comes Alive at FESPA
- FESPA imposes restrictions on Chinese exhibitors & pre-registered visitors over coronavirus
- ACCC greenlights Spicers acquisition of Direct Paper
