Lexmark Getting Out Of The Inkjet Business

Lexmark announced it would be exiting the development and manufacturing of inkjet hardware Tuesday. The move comes as part of the companys restructuring; a restructuring that Lexmark says will ultimately save the company $95 million annually once fully implemented.

"Today's announcement represents difficult decisions, which are necessary to drive improved profitability and significant savings," said Paul Rooke, Lexmark chairman and chief executive officer in a statement.

"Our investments are focused on higher value imaging and software solutions, and we believe the synergies between imaging and the emerging software elements of our business will continue to drive growth across the…
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