According to a report from Reuters, the printer manufacturer can still sell optical maser printers and ink cartridges, and supply technical support for patrons of its inkjet printers for the nonce.
Lexmark has already arranged off 625 workers used in its client ink business and an extra one,750 workers can lose their jobs over the approaching months. it's additionally merchandising several of its patents.
The UK arm of the corporate declined to treat the report however in an exceedingly phone call to Reuters, the company's chief government, Paul Rooke, said: "We arrange to continue exploitation a part of the free income to accelerate growth within the code business through acquisitions."
The inkjet market has become progressively competitive as makers slash printer costs within the face of declining demand for the devices. 2 years past Lexmark created a traumatize Apple to sell printers in Apple stores. however analyst company IDC has reported that this decline had reached nearly thirteen per cent within the second quarter of this year.
Lexmark was ne'er an enormous player within the inkjet market, with sales so much behind competitors, such as HP, Canon and Epson; that combined hold a ninety per cent market share.
So instead of invest more during this sector it's branched out with acquisitions of corporations which give code and services; like Perceptive Software, Brain-ware INC, ISYS Search code and Nolij business firm.
