Page 17 - It Amp Eos News Today

Tech firm Fujitsu has issued a brief statement following reports that it is selling the majority of its scanner business to Ricoh. Yesterday (25 April), a story published in Nikkei Asia said Fujitsu is in talks to sell 80% of its PFU scanner business to Ricoh for around $625 million as it looks to focus

It was a tough first quarter for Xerox as the company slipped to an adjusted operating loss in the three months ended 31 March 2022. The print OEM reported an adjusted operating loss of $3 million for the quarter, compared with a profit of $53 million a year ago. While revenue of $1.67 billion (a

The share price of HP Inc jumped by more than 16% in early trading today after it was revealed that Warren Buffett’s Berkshire Hathaway had become its largest single shareholder. In two HP regulatory filings dated 6 April 2022, it was shown that Berkshire Hathaway had acquired just over 120 million shares of HP common

German online and mail order reseller Printus has taken a majority stake in owner-managed dealer Office Partner. According to the local trade press, Printus has agreed to acquire 70% of Office Partner, with the remaining 30% to be kept by Managing Directors Peter Pölling and Sven Osterholt. A third Managing Director, Andreas von dem Berge,

This week, UK electricals retailer Currys announced the launch of its new hybrid working model for all corporate and commercial employees in the UK. As part of its new model, Currys will equip its 1,000-plus corporate workforce with WeWork All Access passes, enabling them to visit over 50 UK WeWork locations. In addition, to support

The former head of Amazon Business in the UK is now leading the B2B efforts of electricals retailer Currys. Molly Dobson spent seven and a half years at Amazon, joining the UK & Ireland Amazon Business team in 2016. In July 2021, she was appointed the unit’s Country Manager to succeed Dave Brittain, who moved

HP Inc has made a significant move in the workplace peripherals category by agreeing to acquire Plantronics brand owner Poly. HP is to pay $40 a share for Poly in an all-cash transaction. This implies an enterprise value of $3.3 billion, including debt, for the audio and videoconferencing firm. The print and PC giant said

Xerox has said its Chairman Keith Cozza will not stand for re-election to the company’s board at this year’s annual meeting of shareholders. Cozza was named Xerox Chairman in 2018 after investor Carl Icahn successfully scuppered the proposed takeover of the OEM by Fujifilm. At the time, Cozza was CEO of Icahn Enterprises and had

US-based firms International Paper (IP) and Xerox have finally joined the party on commenting on their operations in Russia following the invasion of Ukraine. On 11 March, IP issued a very short statement that, in fact, didn’t refer to the conflict at all. Instead, it announced its “intention to explore strategic options, including the possible

Xerox isn’t banking on print volumes returning to their pre-pandemic […]