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Get ready for innovation in printing:
HP said the acquisition would help it to "disrupt and reinvent" the $55bn copier industry, a segment that "hasn't innovated in decades". It is buying a big printing presence in Asia, as well as Samsung's laser printing technology and patents. The deal comes days after HP's sister company sold its software business to rising UK tech champion Micro Focus.
[...] Samsung's printer business made $1.4bn in revenue last year and includes more than 6,500 printing patents as well as nearly 1,300 staff with expertise in laser printer technology. Meanwhile, shares in Samsung fell 9% after it urged customers to hand in Galaxy Note 7 phones as they risk exploding.
Also at TechCrunch and Bloomberg.
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HP to Buy Samsung's Printer Business for $1.05 Billion
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
Two is not equal to three, even for large values of two.
(Score: 5, Informative) by bradley13 on Monday September 12 2016, @04:43PM
...buy up the competition before you run out of cash.
HP used to make incredible hardware. I still fondly remember the early LaserJets that just would not die. You discarded them only when they were so out-of-date that you couldn't live without the newer features anymore.
Sadly, it has been something like 10 years since HP last produced printers with that kind of quality. Our last three HP printers were crap. One dud we were willing to forgive, two made us skeptical, and the third used up whatever goodwill HP had built up over the years. HP is no longer on our vendor list. That's what happens, when top management scraps quality to boost short-term profits [networkworld.com] - they destroy the business in the long term.
Rather than fix their business, they are going to buy up the competition? We all know what happens then: they drag the purchased company down to their level. Now we'll have to start avoiding Samsung printers as well.
Everyone is somebody else's weirdo.
(Score: 1) by nitehawk214 on Monday September 12 2016, @06:12PM
HPLJ4-life
Had one of those plugged into a bad power socket. Ended up grounding through the parallel cable into the PC. PC got fried, HPLJ4 worked fine once it was plugged into a good power socket.
"Don't you ever miss the days when you used to be nostalgic?" -Loiosh
(Score: 0) by Anonymous Coward on Monday September 12 2016, @08:21PM
Apple is about the only consumer electronics hardware company I know that even tries to have a reputation for (relative) longevity these days. The rest seem to go for pump-and-dump. It seems to work for Apple, so why don't more try it?