TONER NEWS

Apple Now Has $137.1B In Cash, More Than HP’s total Revenue  

Let’s put Apple’s amazing cash on hand numbers into perspective once again. The company now has $137.1 billion in cash — a 12.9 percent increase from the last reported number, $121.3 billion. With such a big figure, it’s hard to realize how big it actually is. In 2012, HP had $120.4 billion of annual revenue. Apple slightly edges HP’s revenue with its cash. Even more impressive, Apple has slightly more cash thanVietnam’s nominal GDP of $123.6 billion....Read More 

Sony (Low On Cash) Sells Its U.S. headquarters For $1.1B  

As part of its efforts to turn its ongoing money troubles around, Sony has sold its New York City-based U.S. headquarters to a commercial properties consortium for $1.1 billion.
After repaying any debt related to the Madison Avenue Building, Sony says that it will receive around $770 million in cash proceeds from the sale, with about $685 million of that recorded as operating income. The sale is expected to close in March...Read More 

U.S. 1st :Mandatory Recycling of Electronics Begins in Pennsylvania County 

By David Pierce
Pocono Record Writer
It's no longer legal for households or businesses to throw out old computers or TVs with the garbage.
Starting today, all "covered" electronic devices and components can't go into a landfill. They must go instead to a state-certified recycling facility.
The Monroe County Municipal Waste Management Authority — which started collecting discarded electronics for recycling for free in July 2011 — is handling that task in Monroe County from its Blakeslee facility in New Ventures Industrial Park, just off Interstate 80....Read More

Kodak Plans To Emerge From Bankruptcy In 2013

Kodak Refinancing Plan Approved By Court, Could Allow Company To Emerge From Bankruptcy
ROCHESTER, N.Y. (AP) — Eastman Kodak Co. said Wednesday that it has received court approval to borrow up to $844 million to finance the rest of its restructuring. The company wants to emerge from bankruptcy protection in the middle of the year.
The financing agreement, along with the recently approved sale and licensing of its digital imaging patents, sets the stage for Kodak to emerge as a "profitable and sustainable company," said CEO Antonio Perez....Read More

Lexmark: What's Next for Printers?

Lexmark (NYSE: LXK) has been one of the premier manufacturers of laser and inkjet printers since 1997, when it introduced the first sub-$100 color inkjet printer. Since then, however, demand for printers has become an ongoing concern, and it has forced Lexmark and its competitors to rethink their business models. With the company set to report earnings next Tuesday, investors will be looking for concrete plans from the company on how it intends to adapt to the changing environment....Read More 

Hp's Wasn’t Going To Let A Little Fraud Stand In It's Way...  

There’s a lot going on in today’s Wall Street Journal story about how Hewlett-Packard “missed a chance to back away” from its acquisition of Autonomy –
which H-P now thinks did a lot of revenue recognition fraud and on which it has taken zillions of dollars of writedowns – but this description of the board’s approval process for the deal is the only thing you really need to know:1....Read More 

Fake Epson Cartridges Dealer Arrested In India  

As per the press note issued by Epson, the Mumbai Police has recently busted a large fake cartridges racket catering to large parts of west and central India.
The police raided the premises of a dealer with two large consumable shops, Mital and Gami, in the Fort area of Mumbai and reportedly arrested the dealer and an employee for allegedly counterfeiting and violating intellectual property rights....Read More