Lexmark May Be Set To Announce Plans For Inkjet Business Sale
Printer company Lexmark is announcing its quarterly earnings this week, where the ink cartridge specialist may reveal plans relating to the sale of its inkjet operations.
In late August, the firm confirmed that it would close its inkjet services, citing a lack of consumer demand as one of the key reasons for the decision. Now, the Lexington-Herald Leader has reported that this week could see information released relating to the move.
When Lexmark announced its departure from the inkjet market, Reuters reported that the company's shares increased by 20 per cent, after Goldman Sachs advised it to drop out of the industry.
Speaking to the news provider, Shannon Cross of Cross Research said that Lexmark's inkjet business would be "difficult to sell".
"I certainly don't think Canon or HP would want to create a competitor. I can't really pinpoint any one person who's going to want to buy the whole portfolio," Ms Cross continued.
Posted by Barry Ashmore.