Mark Michelson

Mark Michelson

Mark Michelson is the Editor-in-Chief of Printing ImpressionsServing in this role since 1985, Michelson is an award-winning journalist and member of several industry honor societies. Reader feedback is always encouraged. Email mmichelson@napco.com

HP Shareholders Urged to Pursue Xerox Offer

Activist investor Carl Icahn implored HP shareholders to pressure HP's board to expedite a mutual due diligence process and accept Xerox's $33.5 billion cash-and-stock acquisition offer. Meanwhile, Xerox CEO John Visentin is meeting with key HP shareholders to present Xerox's case.

UPDATE: Xerox Confirms It Will Launch Hostile Bid Attempt After HP Board Rejects Offer

In a public letter issued on November 24, HP rebuked Xerox's threat of a hostile takeover, stating the proposal undervalued HP, along with addressing other concerns. Now, Xerox has responded, stating it still intends to mount a hostile bid attempt, while addressing what it claims to be misleading information in HP's letter.

Quad to Sell $200M Book Printing Platform Amidst Gloomy Q3 Report

Printing industry giant Quad reported a third quarter net loss; cut its quarterly dividend in half; lowered its full-year guidance; announced an additional $50 million cost reduction initiative; and revealed plans to sell its U.S. book manufacturing platform, which generates $200 million in annual book printing sales.

HP to Restructure, Slash Workforce

The restructuring plan over three years will reduce its global headcount of about 55,000 employees by 7,000-9,000 workers (13% to 16%).

Ricoh INTERACT 2019 User Conference Delivers on Its Promise

What had been a smaller, focused event for Ricoh's continuous-feed inkjet press user base, INTERACT 2019 marked the second year that the user conference was expanded to include Ricoh cut-sheet digital toner, wide-format printing, and software customers.

USPS Financial Condition Should Worry Printers

The Coalition for a 21st Century Postal Service, which represents the printing and mailing industries, wants Congress to retain the 2006 Postal Accountability and Enhancement Act that determines and sets price caps on the Postal Regulatory Commission’s rate-setting process for the U.S Postal Service.