Page 2 - It Amp Eos News Today

Legendary investor Warren Buffett has again reduced his stake in PC and print giant HP Inc. In April 2022, Buffett’s Berkshire Hathaway became HP’s largest shareholder, acquiring more than 120 million shares, or 11% of the company’s common stock. It began to reduce its stake in September 2023 and by mid-December owned approximately 51 million

Aftermarket components supplier Static Control Components (SCC) has submitted comments to the US Federal Trade Commission (FTC) in support of a petition of consumers’ right to repair. Last November, the US Public Interest Research Group Education Fund and iFixit delivered a petition to the FTC calling for it to initiate a rulemaking on right to

Tech distribution giant TD SYNNEX has named Miriam Murphy as President of its business in Europe. Murphy starts in her new role on 8 April and will be responsible for leading the company’s 7,000-strong European workforce, driving business strategy and operational execution in the region. She will report to TD SYNNEX COO Patrick Zammit –

The joint venture between print OEMs Ricoh and Toshiba Tec will come into effect on 1 July. Last year, the companies agreed to merge their MFP (multifunction printer) manufacturing and development units, adding Toshiba Tec’s European business into the mix in August. Now, Ricoh has confirmed the final details of the JV have been agreed

HP Inc-owned Apogee has appointed its former CFO as its new CEO. James Clark was CFO of the managed workplace services provider when it was acquired by HP in 2018. He moved to a finance role at HP in June 2022 and was most recently Head of Finance in the Hybrid Systems division at the

Printing and aftermarket consumables giant Ninestar has warned it will post a substantial net loss in 2023. In a note to the Chinese stock market, the company – which is embroiled in an ongoing legal battle with the US government over an import ban – said it would report a loss of between RMB4.5 billion

ACCO Brands has announced a three-year restructuring and cost savings plan that includes a rejigging of its reportable business units. The programme – which aims to achieve annualised savings of at least $60 million – incorporates initiatives to “simplify and delayer the company’s operating structure and reduce costs through headcount reductions, supply chain optimisation, global

Aftermarket print supplies and solutions vendor Armor Print Solutions has unveiled a new brand identity. CEO Gerwald van der Gijp revealed the company was changing its name to Altkin during the Remanexpo show that forms part of Ambiente, the mega consumer products show in Frankfurt that has just finished. The new brand is accompanied by

The top and bottom lines at Xerox took a hit in the final quarter of 2023. The OEM’s sales in Q4 were $1.76 billion, a constant currency decline of 10.6%. Post-sale revenue was down 7.5% to around $1.3 billion while equipment tumbled by 18.3% to $458 million. The Americas region (about 65% of the total)

As of December 2023, Epson has achieved the use of entirely renewable electricity across its global sites. The company said it is the first in the Japanese manufacturing sector to move to 100% renewables, with the achievement marking a significant step towards its Environmental Vision 2050. Epson, with an annual electricity consumption of approximately 876