Search Priceless Ink & Toner Blog

Monday, January 04, 2016

Will Konica Minolta buy Lexmark?

Konica Minolta /Lexmark Logo
A letter sent to market analysts Photizo Group seems to hint that Konica Minolta will buy out Lexmark.

The letter, which Photizo Group reported on, was sent on 23 December "unsolicited" by the analysts, and was sent by the "infamous" Lexmark Employees for Ethical Conduct (LEEC), claiming that "Paul Rooke, Jeri Isbell, the executive officers of Lexmark, and the Board of Directors are preparing to sell Lexmark to Konica Minolta...". Details included are "very specific" in relation to a "pending acquisition", and consist of dates and information on the supposed buyout.

Photizo added that this "seemingly confirms our own due diligence and supposition", with the "incendiary letter" asking Kentucky State Governor Bevin and Lexington Mayor Gray to "act immediately and save our careers". The details in the letter include that Lexmark will announce its "largest and most significant" product launch "in the company's history" on 28 January, which will "position the firm to terminate many of its R&D staff".

Additionally, Konica Minolta is said to be "most interested in acquiring the hardware product line to complete gaps in its own product offering", has "no desire to take ownership of Enterprise Software", and "is likely to streamline its operations and headcount in the coming three to five years". In response, Lexmark only commented that its official position is not to "comment on rumor or speculation", and that it is "exploring strategic alternatives".

Photizo’s perspective was that the "inflammatory" letter "would seem to support" its own analysis in relation to Konica Minolta, and that it "further connects" with other information. It also pointed out that it is "surprising" Konica Minolta "would not be interested" in Lexmark's Enterprise Software unit, as it is "equally interesting" compared to the hardware and MPS businesses. It also wonders whether the OEM would "be so short-sighted" in doing so, concluding by asking "is this the end of another dynasty" or the "beginning of a beautiful marriage".

Whether you need Konica Minolta or Lexmark printer supplies, visit to get them.

Source: The Recycler

Blog Archive

About Priceless Ink & Toner Company

My photo
Priceless Ink & Toner Company
Since 1999 we have been a major supplier of original brand (OEM), compatible replacement and remanufactured Premium Quality inkjet cartridges, laser toner cartridges and other printer supplies. Our customers range in size and include the United States Government, small and large businesses, schools and individuals. Each of our customers is equally important to us and is treated with the same friendly professionalism. Visit us at Price Less Inkjet Cartridge Co.