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Lexmark To Exit Inkjet Printer Market 228

Barence writes "Lexmark has announced it will stop making inkjet printers and cut 1,700 jobs as part of a cost-cutting restructuring move. Lexmark will stop all inkjet development worldwide by 2013, and close its Philippines-based inkjet supplies manufacturing plant by 2015. This will provide annual savings of $85 million, rising to $95 million by 2015. The total restructuring cost before tax is expected to be $160 million. The company is also looking into the possible sale of its inkjet-related technology." I know there are some purposes for which inkjets are good (modern home photo printing can be insanely good, and we've featured a lot of cool projects which use inkjets to print sensors, solar cells, antennae, and more), but I get just a little queasy whenever I see an inkjet printer purchased by an innocent friend or family member who doesn't realize quite how much it will end up costing them in the long run.

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