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HP to Buy Samsung's Printer Business for $1.05 Billion

posted by cmn32480 on Monday September 12 2016, @03:19PM   Printer-friendly
from the do-they-come-with-sharks? dept.

takyon writes:

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.

Original Submission

 
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  • (Score: 1, Insightful) by Anonymous Coward on Monday September 12 2016, @06:15PM

    by Anonymous Coward on Monday September 12 2016, @06:15PM (#400850)

    Do we really need paper?
    Email, servers, data redundancy, smartphones, tablets, cloud(other people's computer)...

    Fridges, toilets, seats, cars, waste bins... every freaking thing has a screen now.

    The quote I like is that the paperless office is like the paperless bathroom. It's possible, but far more trouble and far messier than you think.

    From a philosophical point of view, I don't like the fact that if everybody is electronic then it's too easy for "them" (whoever "they" happen to be) to have ownership instead of you. For example, look what happened with Amazon and the book "1984", where they remotely removed it from all Kindles.

    Also, when I'm traveling, I'd rather have some paper printouts which cost a couple of dollars than a multi-hundred-dollar device. If I forget a draft of a paper on a plane I get a bit annoyed. If I lose my $300 laptop then my trip is ruined.

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