Is Lexmark Spending Enough On R&D To Beat HP?

Lexmark Chairman and CEO Paul Curlander Tuesday defended his company's spending on research and development compared to rivals like Hewlett Packard. Curlander's comments came as he acknowledged Lexmark suffered a "disappointing" second quarter, during a conference call with Wall Street analysts to talk about Lexmark's earnings. Richard Gardner, an analyst with Citigroup, New York, questioned Curlander sharply over Lexmark's R&D compared to rivals and even asked whether the company had to make some "tough decisions" about its flagging inkjet business.

"I was wondering if you would acknoweldge a big problem in (Lexmark's) inkjet (business) is lacking print-head technology," Gardner said. "Given that your competitors are spending five and 10 times as much on inkjet R&D technology as you are, I'm wondering how you can atch up at this point, cost-effectively, and, as you say, spend as much as you need to spend on R&D to get back to where you'd like to be in the consumer segment?"

View: The full story
News source: CRN

Report a problem with article
Previous Story

MediaCoder 0.6.0 Build 3822

Next Story

OLPC's XO Laptop Is No Lightweight Toy

4 Comments

Commenting is disabled on this article.

I have 4 lexmark printers, all of which have always worked great. However I've lost 2 canons in the last 3 months (of course they were the only 2 I had and they were only bought last year). I currently also have an HP color laser which so far works great (although it's really freaking slow...). Honestly, my next printer will be a samsung all in one color laser.

For the record I've had more problems with HP printers than any other kind over the years. I really hate them, yet there's still the occasional one I will buy.

i've always stayed away from lexmark-not only do they make really ugly looking printers-but the expense of cartridges are rediculous...

i use a hp 3310- really fantastic printer..