Lexmark
From Wikipedia, the free encyclopedia
| Lexmark International, Inc. | |
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| Type | Public |
| Founded | 1991 |
| Headquarters |  Lexington, Kentucky, USA |
| Key people | Dr. Paul Curlander, CEO |
| Products | Printers |
| Revenue | ▼US$4.97 billion (2007)[1] |
| Operating income | ▼US$321.3 million (2007) |
| Net income | ▼US$300.8 million (2007) |
| Employees | over 13 000 Worldwide, over 4 000 at HQ |
| Website | lexmark.com |
Lexmark (NYSE: LXK) is an American corporation which develops and manufactures printing and imaging solutions, including laser and inkjet printers, multifunction products, printing supplies, and services for business and individual consumers. The company is headquartered in Lexington, Kentucky.
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[edit] History
Lexmark was founded in 1991 as a spin-off of IBM's printer-manufacturing division. Lexmark became publicly held and traded in 1995.
[edit] Operations
The firm's corporate and R&D offices are located at the headquarters in Lexington, Kentucky, United States. Lexmark has offices throughout North and South America, Asia, Africa and Europe. The company has more than 13,000 employees worldwide. Lexmark is a Fortune 500 company and had $5.22 billion in revenues in 2005. In addition to manufacturing hardware under their own name, Lexmark also does third party development of printers for other major companies, such as Dell.
[edit] Products
Lexmark specializes in printers and printer accessories. Its current range of products includes color and monochrome laser printers, inkjet printers both of which may include scanners (including all-in-one devices and photo printers), and dot matrix printers. Lexmark is one of the first companies to release affordable wifi inkjet printers. They also offer a wide variety of laser printers for more professional printing.
[edit] Legal Cases
A court victory in 2005 was handed to Lexmark in the case of ACRA v. Lexmark. This case states that Lexmark can enforce the “single use only” policy written on the side of Lexmark printer cartridge boxes sold to certain large customers at a discount, with the understanding that the customers will return the cartridges to Lexmark after using them. This means that these customers can face lawsuits if they breach the agreements, and do not return the cartridges. Also in 2005, Lexmark suffered a legal defeat in the case of Lexmark Int'l v. Static Control Components, when the US Supreme Court rejected Lexmark's petition for a writ of certiorari, thereby rejecting their attempt to have the Court hear their case.
