Xerox Bows to Virus, Drops HP Takeover Fight
The market values of both companies have declined since the coronavirus pandemic intensified.
HP to Shed up to 9,000 Jobs in Restructuring
The company is regrouping as it faces a decline in the printing business that was once its biggest moneymaker.
HP to Acquire Samsung Printer Unit for $1B
With the deal, HP is hoping to boost its profile in multifunction printers for businesses amid shrinking consumer demand.
Chinese Group to Acquire Lexmark for $3.6B
The printer company had been exploring strategic alternatives as it struggled with the digitalization of the workplace.
HP Sales Down on Weak Printer, PC Revenue
The company plans to lay off 3,000 workers this year, producing $300 million in savings by 2017.
Lexmark Cuts Jobs, Explores Alternatives
Some positions are being moved to low-cost countries and Lexmark expects to generate about $67 million in savings in 2016 and more in subsequent years.
HP Earnings Signal Challenges Ahead of Breakup
PC revenues fell 13% and printer revenue was down 9% in the second quarter.