Posts tagged: HP

Industry OEMs Use Innovations to Combat COVID-19

Christine Dunne Dunne
 Apr 6, 2020

Industry OEMs are using innovative technology and services—often outside of traditional print offerings—to help fight the spread of COVID-19. The fast availability and development of relevant innovations from companies like Canon, HP, Konica Minolta, and Ricoh shows R&D efforts attuned to global needs.

Source: https://www.publicdomainpictures.net/en/view-image.php?image=255601&picture=lightbulb-idea-innovation
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HP Unveils Extensive Updates and Introductions for drupa 2020

German Sacristan
 Mar 10, 2020

In anticipation of the drupa event that is scheduled to take place in Dusseldorf, Germany this June, HP kicked off its media event with a raft of announcements. These announcements include new additions to HP’s portfolio of commercial digital printing and labels & packaging solutions. With this newest range of updates, HP is clearly focusing on increasing overall productivity with significant improvements to the entire ecosystem, including inks and chemistry, substrates, workflow, finishing, and industry partnerships. These improvements will enable printers to meet current and future customer demands while also bringing value to their customers’ supply chains.

In what was perhaps the most significant announcement because it reveals HP Indigo’s future direction, the company introduced a new platform 6 V12 Digital Press with LEP Architecture. The HP Indigo V12 marks the first time that the firm has launched a new platform series that is not based on its common impression cylinder technology. Instead, this new technology is based on inline imaging systems using a transfer belt for intermediate image transfer. This 340 mm wide printer is targeted toward label applications and designed for mid- to high-volume converters. The new linear architecture for imaging unlocks faster print speeds of up to 120 meters per minute (400 ft/min).

Figure 1: HP Indigo’s V12 Digital Press with LEP Architecture

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Xerox Sells Stake in Fuji Xerox Joint Venture

Ron Gilboa
 Nov 11, 2019

On November 5th, Xerox announced that it is selling its 25% stake in Fuji Xerox to Japanese partner Fujifilm for $2.3 billion, ending a 57-year joint venture. The deal gives Fujifilm 100% ownership of Fuji Xerox, over a year after it failed to acquire majority ownership of Xerox and merge it into Fuji Xerox.

Xerox is also selling a majority stake in a smaller joint venture (Xerox International Partners) to an affiliate of Fuji Xerox and the amount of time Fujifilm will be a significant Xerox supplier has been extended.

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Update: Xerox Drops its Bid for HP

Jamie Bsales
 Nov 6, 2019

Update: On March 31, 2020, Xerox officially dropped its tender offer for HP shares, citing the macroeconomic uncertainty and market turmoil caused by the COVID-19 pandemic.                                                          

Original post, with updates:

The Wall Street Journal reported last night that Xerox’s board of directors discussed the possibility of purchasing HP Inc. in a cash-and-stock deal worth north of $27 billion. While we don’t have any information about the veracity of the WSJ report or the likelihood of it coming to pass, the combination (in some form) of HP and Xerox has been speculated about for several years.

Xerox executives–the team put in place by activist investors in the wake of the scuttled sale to FUJIFILM Holdings– have spoken publicly about their openness to finding other engine suppliers beyond Fuji-Xerox, and with HP they would have that. HP could benefit from Xerox’s strong channel-partner organization. Indeed, the two companies already announced a closer working relationship earlier this year. And while the Wall Street Journal described the pair as “two fading stars of technology” (a characterization we don’t agree with), a combined company would be in a very formidable position in both A3/A4 office equipment and related software, as well as in the production print space. HP also has a growing 3D-manufacturing business, which could be an attractive growth area for a resurgent Xerox. The combined companies would also be an innovation powerhouse: Xerox’s PARC (Palo Alto Research Center) and HP Labs are already among the most prolific organizations in the country when it comes to patent applications.

Of course, it wasn’t that long ago that smart money was on HP purchasing Xerox. But now with Xerox stock trading at a 10-year high and the company flush with a $2.3 billion down payment available from the sale of its half of the  joint venture with FUJIFILM–not to mention HP stock trading at historically low multiples (until this news leaked, that is)–Xerox may be in the better financial position to leverage such an acquisition . The WSJ reported that Xerox already had financing commitments lined up. The company could also consider selling HP’s Personal System’s Group to help pay down some of the debt incurred by the purchase.

That said, HP was not impressed. On November 18 and in communications thereafter, HP announced that its Board of Directors had rejected the Xerox offer. In its statements, HP said the deal undervalued the company, and cited concerns about the debt levels the combined entity would be saddled with.

And the saga came to an abrupt end on March 31, when Xerox officially withdrew its tender offer in the face of the growing COVID-19 crisis. The company’s official statement reads:

The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP Inc. (NYSE:HPQ) (“HP”). Accordingly, we are withdrawing our tender offer to acquire HP and will no longer seek to nominate our slate of highly qualified candidates to HP’s Board of Directors.

While it is disappointing to take this step, we are prioritizing the health, safety and well-being of our employees, customers, partners and other stakeholders, and our broader response to the pandemic, over and above all other considerations.

There remain compelling long-term financial and strategic benefits from combining Xerox and HP. The refusal of HP’s Board to meaningfully engage over many months and its continued delay tactics have proven to be a great disservice to HP stockholders, who have shown tremendous support for the transaction.

Xerox’s Board of Directors and management team are grateful for the significant backing we received from both Xerox and HP stockholders throughout this process. We thank the talented individuals who agreed to stand for election to the HP Board, making time in their busy schedules to take on this responsibility when HP’s existing Board did not. And finally, we thank the banks who agreed to finance this acquisition, who never wavered in their commitments, even during the market turmoil caused by COVID-19.

HP Moves Aggressively into MFP Apps with an Entire Ecosystem

Jamie Bsales
 Nov 4, 2019

We’ve been talking for several years about the “appification” of document imaging software: The emergence of MFP-resident apps that use the device’s underlying (and increasingly powerful) embedded software platform to deliver enhanced functionality and, in some instances, eliminate the need for traditional “middleware” workflow solutions. And while HP had its share of on-board tools and connectors developed for it OXP embedded software architecture, it lagged competitors such as Xerox (with is App Gallery) and Konica Minolta (with its bizhub Marketplace, now just called Marketplace) when it came to an app portal where apps reside for resellers and/or customers to download to compatible MFPs.  Which made us wonder: What exactly was HP’s plan for the Printing App Center and Smart UX Center infrastructure HP snagged in its acquisition of Samsung’s printing business? We now have our answer. Late in October, HP officially unveiled a complete ecosystem for the development, deployment, management, and monetization of apps that can run on select HP MFPs. Here’s a quick look at the various pieces and how the puzzle seems to be coming together.

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ITMA 2019: a Massive Showcase for Digital Printing

Ron Gilboa
 Jul 9, 2019

Every four years the textile production community gathers to learn about what is new in weaving, knitting, accessorizing, printing and production management. In 2019, it was Barcelona’s turn to host ITMA – a premier garment and textile tradeshow event. With over 1,717 exhibitors in 8 halls and over 105,000 visitors from 137 countries, the event was buzzing. While we surveyed the entirety of the display showcase, our focus on digital printing kept us in halls 3 and 8.

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Digital Displacing Flexo: HP Indigo 8000 Update

Bob Leahey
 Jun 12, 2019

HP Indigo recently made public six new US installations of the HP Indigo 8000: Innovative Labeling Solutions (ILS), Dion Label Printing, Nosco, Info Label, Quality Tape and Label, as well as Natural State Label. If you’re not familiar with HP Indigo 8000, it is essentially a double version of the company’s flagship label web, HP Indigo 6900. Following a single in-line priming unit and driven by a single digital front end (DFE), the 8000 joins two HP Indigo 6900s in sequence; the first prints images 1 and 3, the second prints 2 and 4. This allows the HP Indigo 8000 to reach 80 Read more »

HP and Xerox – Interesting Bedfellows and Implications to Traditional Relationships

Randall Dazo
 Jun 5, 2019

What I love about this industry is that it never gets boring. This week, HP Inc. and Xerox Corporation have announced an expansion of the companies’ existing business relationship. Xerox will now source from HP certain A4 and entry-level A3 products with the majority running on Xerox’s ConnectKey controller software platform, in addition Xerox will supply toner to HP for these and other products. The sourced printers will be based primarily on the laser printing technology HP acquired from Samsung in 2017. Furthermore, the companies have agreed to partner in the Device as a Service (DaaS) market. Xerox will become a DaaS specialist in HP’s Partner First program in the U.S. Xerox’s service capabilities and customer reach in the small to midsize business market, combined with HP’s award-winning DaaS PC offerings, will allow both companies to meet a wider range of customer needs. Xerox will be authorized to sell HP PCs, displays and accessories to its commercial customers through DaaS. HP will also make Xerox’s cloud-based content management platform DocuShare Flex available on its commercial PCs distributed in the U.S.

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HP’s VR Headset Reverb Brings Stronger Enterprise Potential at a Consumer Price Point

Colin McMahon
 May 7, 2019

HP has just released its second virtual reality (VR) headset, known as the HP Reverb. Like its predecessor, the HP Reverb has been designed to work with Microsoft’s Windows Mixed Reality platform. That said, the Reverb is not simply an updated version of the 1000-100 (the first HP VR headset). It has been designed with a focus toward enterprise clients, while retaining a price point that will make it a viable option for the consumer market as well.

HP Reverb Professional Edition

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HP Stitch – HP Enters the textile printing market

Ron Gilboa
 Apr 26, 2019

HP’s long-awaited entrance into the textile market was unveiled at the ISA Show in Las Vegas this week with a well-attended event where two new machines were front and center. Prior to this event, analysts and journalists got a sneak peek at HP’s European Innovation Day where the company’s future strategy and innovation were discussed.

Under the umbrella brand “HP Stitch,” the company plans to build out a range of products to ‘reinvent’ or possibly ‘disrupt’ the market going forward and doing so using their core HP thermal inkjet.  With the new ‘S’ sublimation range of devices it is clear is that HP is dipping its toe into the fast expanding digital textile fabric printing sector, in the process expanding on its leadership in graphics market, where the has long been involved with its aqueous, latex, solvent and UV inks.
The two devices that were officially launched at the show, were the S300 and S500, are 1.6m (64 inch) machines targeting the polyester-based sportswear, fast fashion, and soft signage market. Furthermore, the company will also launch a third product in the family the HP Stitch S1000, at the upcoming FESPA in Germany in May. The HP Stitch S1000 is a 3.2m (126 inch) device and will be targeting soft signage as well as the contract home décor market that uses a high proportion of polyester based fabrics.

HP Stitch Entry into the fashion world

HP Stitch Entry into the fashion world

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