In 2011, Intuit and Lexmark started paying dividend, and Seagate resumed their payout.
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So Lexmark started with select industries, building highly focused marketing units assigned to single industries.
Retail banking, automobile dealerships, hospitals, with Lexmark's sales and profits growing with each industry it conquered.
Mann points to retail pharmacies, one of the industries Lexmark singled out early on.
He also cut his rating on the printer maker Lexmark to Sell from Neutral.
In particular, an upstart IBM spinoff called Lexmark (LXK) has roared into the printer business.
Lexmark will shut its Cebu, Philippines inkjet supplies manufacturing site by the end of 2015.
Lexmark this morning posted better-than-expected Q3 profits, but offered cautious guidance for the fourth quarter.
FORBES: Lexmark Q3 Profits Top Guidance; Q4 View Looks Light
Dell finally inks a deal with Lexmark to produce branded printers, but gives few details.
Lexmark expects the plan to be "substantially completed" by the end of the year.
Lexmark will continue to provide service, support and aftermarket supplies for its inkjet installed base.
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It competes with Canon ( CAJ), Lexmark ( LXK), Xerox ( XRX) and Brother Industries, among others.
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Lexmark said it is working with its strategic advisors to explore the sale of its inkjet-related technology.
Other competitors in the technology sector include: iGo (IGOI), Astro-Med, Inc. (ALOT), and Lexmark International (LXK).
The abundant supply of skilled workers and English-speakers has attracted investments by Texas Instruments, Motorola, Lexmark and Intel.
Lexmark said it will continue to provide service, support and supplies for its installed base of inkjet printers.
Toyota, Lexmark International, Hewlett-Packard, UPS, Affiliated Computer Services and Amazon employ thousands of workers in the metropolitan area.
Because at core--excepting the outside possibility of accounting problems--Lexmark's fundamentals still look outstanding.
He moves to Underweight from Neutral on both Lexmark and Xerox, as he turns wary on the printer business.
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Lexmark's marketing teams listened and their in-house engineers (Lexmark manufactures its own products) designed a low-heat printer especially for retail pharmacies.
Printer giants such as HP (HPQ), Lexmark (LXK), Kodak (EK) and others have at last gotten so-called cloud printing technology working.
Under development since 1996, IPP has the support of more than 25 companies, including Microsoft, Novell, IBM, Xerox, Lexmark and Hewlett-Packard.
CNN: Technology - Engineers approve standardization of Internet Printing Protocol
Lexmark's little-appreciated CEO, Paul Curlander, could pass for Bill Gates' older brother.
Analysts are generally bearish on Lexmark, as six analysts rate it as a sell and three analysts rate it as a hold.
Xerox isn't the only player selling supplies for HP laser printers, but it has better name recognition than Lexmark or Laser Quest Services.
To this end, Lexmark inked a deal with Compaq Computer in May and has introduced printers that digital cameras can plug directly into.
Lexmark shares are trading sharply lower Friday morning after the printer company said Q2 financial results will be worse than previously expected.
FORBES: Lexmark Cuts Q2 Financial View; Shares Take A Drubbing
Xerox Corp. ( XRX), Lexmark Inc. ( LXK), Canon AG ( CAJ) and Hewlett-Packard Co. ( HPQ) have all been reporting weak financial results.
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And with a single-minded commitment to the printer market and a history of innovative, low-cost products, Lexmark looks well positioned to continue its growth.
Lexmark shares are trading higher Tuesday morning after the printer company posted better-than-expected profits for the fourth quarter, and unveiled a restructuring plan.
FORBES: Lexmark Q4 EPS Tops Street; Sets Restructuring; Shrs Rise
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