Lexmark's outlook warning pulls down printer makers



Lexmark's stock slid as much as 17 percent, making it one of the biggest losers on the New York Stock Exchange and dragging down rivals Xerox Corp and Hewlett-Packard.
Deteriorating economic conditions in Europe and a stronger dollar have led to bleak forecasts from several American technology companies, including Advanced Micro Devices and Applied Materials.
Shares of HP, known for its once ubiquitous Deskjet printers, fell 3 percent to $18.77, their lowest in a year, while those of Xerox were down as much as 3 percent. Japanese rivals Canon Inc and Ricoh Co Ltd both closed down on the... read more

 
13 July 2012 in Science &Technology, Views: 4
Source: Reuters
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