JOB CUTS: A touchscreen menu on a Lexmark Platinum Pro905 printer. Lexmark International Inc said it will stop making inkjet printers, cutting about 1,700 jobs, and focus on its more profitable imaging and software businesses. — Reuters
LEXINGTON (Kentucky): Printer maker Lexmark International Inc will stop making inkjet printers and focus on its more profitable imaging and software businesses. The news sent its shares up as much as 20%.
Lexmark, never a big player in inkjet printers, said it would continue to sell laser printers as it beefs up its print services business, for which it has made several acquisitions over the last couple of years.
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