OnÂ May 18, 2011, the Board of Directors for Media Sciences adopted a resolution authorizing its officers and directors to take action to liquidate and dissolve the corporation. According to Marc Durand, Media Sciences’ President and Chief Executive Officer, “Now that the company has sold its toner business and settled its solid ink litigation, the Company’s board has decided that the appropriate course of action is to make a cash distribution to shareholders and to wind down the company through a liquidation and dissolution process.” Read more »
Toshiba America Business Solutions Inc.’s “Zero Waste to Landfill” recycling program has done quite well with a 410% increase from last year. Now, the company has decided to accept imaging consumables from other manufacturers, virtually unheard of in the industry. All vendors do receive items that do not belong to them but it isn’t encouraged or accepted. This is where Toshiba is different by willingly taking everyone’s empty supply items. Toshiba is positioning itself as the vendor that makes it very easy for their customers to participate in a supplies recycling program. With many businesses adopting MPS (Managed Print Services) programs often with multiple vendors covered, this return program will make it much easier for customers to participate without consideration to vendor and having to separate out the various cartridges.
Media matters. That is the latest marketing push from Finch as the company unveils its digital paper program. The objective of the program is to research and identify the right paper selection for different digital print applications, providing customers with tailored solutions that produce higher quality print jobs at a reduced cost. Customers will be able to collaborate with the digital paper program team to identify the correct paper solution for their printing needs.Â Â Read more »
In response to advances in technology and changes in customer behavior, a common theme across industries today is “re-invent thyself.” This is particularly important for high-volume mailers and the global posts that serve them.
As we watch major players in the print & mail market evolving to embrace digital distribution strategies, we also see postal organizations around the globe (i.e., Australia, Finland, Italy, and Norway) creating competitive digital solutions. A post where we have seen little digital innovation to-date is the U.S. Postal Service.
It is an interesting entity, as it runs as an independent agency of the United States government and is obligated to serve all Americans, regardless of geography, at uniform price and quality. It does not receive taxpayer dollars, yet is not privatized. It is chastised for high overhead, but is often handcuffed by Congressional oversight when it attempts to change. For instance, the USPS has a mandated prefunding schedule for its retiree health benefits program of $5.5 billion to $5.8 billion per year through 2016–a schedule that is substantially higher than any other government agency or private-sector business.
The recent appointment of Ronald A.Â Stroman to Deputy Postmaster General shows a commitment to begin to influence change. Louis J. Giuliano, Chairman of the Postal Service Board of Governors, stated “[h]is depth of understanding of the legislative process as well as his demonstrated ability to work with members on both sides of the aisle makes him an important addition to the USPS team as we work through the many issues facing us today.”
On June 15th, Stroman will participate in an InfoTrends-sponsored event entitled PostalVision 2020. The conference isÂ designed to address the relevance of the current USPS model in a digital age, and provide actionable direction for how it can evolve to a sustainable business model.Â Read more »
Earlier this week, the news came out that LinkedIn is worth close to $3 billion dollars under the terms of an initial public offering. After the first trading day, stock soared to a $94 dollar closing price, valuing the company at $8.9 billion.
To put this in perspective, Kodak’s market cap is around one billion dollars. And when Océ was acquired, the company was worth around $1.1 billion.
Kodak and Océ have a long and rich history, and generate multi-billion revenues on a yearly basis. LinkedIn only started in 2002 and last year’s revenues were less than $250 million.
It’s very hard not to think back at the dot-com hype when Internet start-ups were seen as the new gold and stock prices went off the charts. Although it’s likely there will be elements of speculation in the current stock price – the next months will tell – the situation is different this time. Read more »
First introduced in early 2007, Apple’s wildly popular iPhone is arguably the device that started the smartphone craze in the consumer market. Meanwhile, many in the business world are glued to their “CrackBerries.” Recent research from InfoTrends confirms that smartphone penetration is growing by leaps and bounds, and for good reason–smartphones enable today’s on-the-go consumers to stay connected regardless of their physical location.
In April 2011, InfoTrends conducted its annual end-user survey on mobile imaging. Although this research covers all camera phones, smartphones have really come into their own over the past year. As might be expected, very few respondents reported owning smartphones (which are defined as handsets with Internet access, operating system software, and an embedded camera) during our 2008 research. Today, these devices are popping up everywhere. Between 2010 and 2011, the share of respondents who owned smartphones jumped from 16% to 24%. This represents an amazing year-over-year growth rate of 50%!
Smartphone Penetration among Survey Participants:Â 2008-2011
The Royal WeddingÂ between Prince William and Catherine Middleton on April 29th was one of the most photographed events of the decade. Over 327 million photos were expected to be taken during Royal Wedding related festivities in the U.K., according to a study by InfoTrends, which was commissioned by Nikon.
Internally, we debated which type of camera would be most popular; specifically the digital still camera or the camera phone. Given that the Royal Wedding was a planned picture taking event, the front runner was the compact digital still camera. In an unscientific survey, we awarded the compact digital still camera the top prize. How did we arrive at the winner? We used a 1.15-gigapixel picture (made up of 189 photos shot by Spherical Images) that the BBC News posted on its website, http://www.bbc.co.uk/news/uk-13200114.