Genesis<\/a> series.<\/p>\nInvestors reacted favorably to yesterday’s restructuring news, with Lexmark stock up 13 percent by 9:50 AM that morning (the biggest gain since July, 2011). Rooke claims Lexmark’s future success lies with a focus on, \u201chigher value imaging and software solutions.\u201d With an increasing tendency for consumers to eliminate paper clutter by using document scanners and electronic storage, this may be a result we see repeated with other printer manufacturers in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"
Yesterday, Lexmark announced a 1,700 employee job cut and an end to manufacturing consumer inkjet printers, in a cost cutting and restructuring maneuver. The company plans on shutting down its inkjet supply manufacturing center in the Philippines by 2015 and an end to all inkjet development by next year. Lexmark chairman and CEO Paul Rooke […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1916,31,1918],"tags":[3235,3237,2474,3236,1725],"_links":{"self":[{"href":"https:\/\/techcitement.com\/wp-json\/wp\/v2\/posts\/13332"}],"collection":[{"href":"https:\/\/techcitement.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techcitement.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techcitement.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/techcitement.com\/wp-json\/wp\/v2\/comments?post=13332"}],"version-history":[{"count":4,"href":"https:\/\/techcitement.com\/wp-json\/wp\/v2\/posts\/13332\/revisions"}],"predecessor-version":[{"id":13339,"href":"https:\/\/techcitement.com\/wp-json\/wp\/v2\/posts\/13332\/revisions\/13339"}],"wp:attachment":[{"href":"https:\/\/techcitement.com\/wp-json\/wp\/v2\/media?parent=13332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techcitement.com\/wp-json\/wp\/v2\/categories?post=13332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techcitement.com\/wp-json\/wp\/v2\/tags?post=13332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}