Lexmark

By CIO New Zealand staff | Monday, January 11 2010

The financial downturn has affected Lexmark’s business, with second-quarter revenue for fiscal 2009 down 21 per cent from the previous comparable period, to US$905 million

Global HQ: Lexington, Kentucky, US
Website: www.lexmark.com
Global leader: Paul Curlander, chairman and CEO
Local leader: Graham Kittle, MD, Australia and New Zealand
Core activity: Developer, manufacturer and supplier of printing and imaging solutions for offices and homes
Revenue: US$4.5 billion (FY08 ended December 31)
Key customers: Not disclosed
Employees: 14,000

The financial downturn has affected Lexmark’s business, with second-quarter revenue for fiscal 2009 down 21 per cent from the previous comparable period, to US$905 million.

The year’s highlights have been Lexmark’s signing of a multi-year global services agreement with chemical company BASF and an unspecified patent agreement with Microsoft, allowing “greater mutual access” to each other’s patent portfolios.

Among its innovations, the company in May launched theEco Simulator, a tool to help consumers work out the effects their printing habits are having on the environment.

Another innovation involved combining its monochrome laser printing devices and radio-frequency identification (RFID) ultra-high frequency technology.

Lexmark printers equipped with this option can produce individual RFID tags that can be attached to files, hardware or other items for easy tracking and access.
Zafar Anjum