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Lexmark exiting inkjet printer business, to lay off 1,700

Agam Shah | Aug. 29, 2012
Lexmark International has exited the inkjet printer business and is laying off 1,700 people as part of a restructuring plan to improve profitability.

But Canning also recognized there's a tough road ahead with competition from the likes of HP and Xerox, which lead the imaging, printing and document management services businesses. The company will look into relevant acquisitions and partner with companies to compete effectively, Canning said.

 

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