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Lexmark International, Inc. (delisted)

Lexmark International, Inc. (delisted) (LXK)

40.49
0.00
(0.00%)
Closed March 27 04:00PM
40.49
0.00
( 0.00% )
Pre Market: 08:00PM

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Key stats and details

Current Price
40.49
Bid
-
Ask
-
Volume
-
0.00 Day's Range 0.00
0.00 52 Week Range 0.00
Previous Close
40.49
Open
-
Last Trade
Last Trade Time
-
Average Volume (3m)
-
Financial Volume
-
VWAP
-

LXK Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260000000CS
520000000CS
1560000000CS
2600000000CS

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LXK Discussion

View Posts
crawler123 crawler123 8 years ago
submit
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rmjackson rmjackson 8 years ago
good bounce move, looking for a follow up to 35.30
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rmjackson rmjackson 8 years ago
I hope I didn't throw anyone off. I bought a little at 30.30
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RowingDude RowingDude 10 years ago
Good afternoon Lexmark International Inc. (LXK) looking for a strong hour of power!
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MiamiGent MiamiGent 12 years ago
LXK Lexmark to dump inkjet business, shares jump
BY Reuters 6:30 PM ET 08/28/2012

* To take $160 mln related charge, mostly in 2012

* Ending inkjet development globally, to cut 1,700 jobs

* Plans to sell about 1,000 inkjet related patents

* Goldman Sachs advising on injket sale

* Shares jump 14 percent (Adds details on Goldman Sachs advising)

By Sruthi Ramakrishnan

Aug 28 (Reuters) - Printer maker Lexmark International Inc (LXK) said it will stop making inkjet printers and focus on its more profitable imaging and software businesses, sending its shares up as much as 20 percent.
http://stockcharts.com/h-sc/ui?s=lxk

Lexmark (LXK), never a big player in inkjet printers, said it would continue to sell laser printers as it beefs up its print services business, for which it has made several acquisitions over the last couple of years.

The company said it planned to sell about 1,000 inkjet-related patents and would cut 1,700 jobs, or 13 percent of its workforce. A company spokesman said Lexmark (LXK) was being advised by Goldman Sachs to explore the sale of inkjet-related technology, which includes about 1,000 patents worldwide.

Most printer makers are struggling with falling sales as printing has been a target of corporate cost cutting and personal computing moves to tablets and smartphones.

As well, falling laser printer prices have cut into sales of inkjet printers, which traditionally have cost less to buy but can be expensive to buy ink for.

The overall inkjet market declined nearly 13 percent in the second quarter, according to research firm IDC.

"Lexmark's (LXK) 'rip the band-aid off' approach, while creating greater near-term revenue headwinds than a more gradual wind down, should result in a cleaner slate sooner from which to grow," Wells Fargo analyst Maynard Um wrote in a note.

Lexmark (LXK) expects revenue from inkjet hardware and supplies, which accounted for 21 percent of revenue last year, to drop to about 10 percent in 2013, as it continues to supply ink and support existing printers.

HP, Canon Inc (CAJ) and Epson Corp together account for about 90 percent of inkjet sales worldwide.

Lexmark (LXK) said it was quitting the inkjet business because of aggressive market pricing and the investment required to maintain a sustainable acceptable return.

Revenue from the company's legacy inkjet hardware business declined 66 percent in the first half of 2012, forcing the company to cut its full-year forecast.

"We plan to continue using part of the free cash flow to accelerate growth in the software business through acquisitions," Chief Executive Paul Rooke said on a conference call.

Lexmark (LXK) bought Perceptive Software in 2010, which provides software and services used to manage documents, imaging, and other content.

It then bought Brainware Inc, ISYS Search Software and Nolij Corp earlier this year and added them to the Perceptive unit.

Perceptive has until now just broken even but is Rooke said it was expected to start turning a profit from 2013.

The software business accounted for nearly 5 percent of second-quarter revenue, up from about 2 percent a year earlier.

Lexmark (LXK) had already laid off 625 employees related to manufacturing of consumer ink supplies in January, part of a broader pattern of problems in the printer industry.

Rival Xerox Corp (XRX) cut its full-year profit outlook in July while Canon trimmed its operating profit forecast as the companies braced for tough economic conditions in Europe.

Printing and imaging sales at HP fell 3 percent in the third quarter.

Lexmark (LXK) said it would take a pre-tax charge of $160 million related to the restructuring, with $110 million incurred in 2012 and the remainder in the next three years.

It will close its Cebu, Philippines-based inkjet plant by 2015.

The company, which expects annual savings of $95 million once the restructuring is complete, also said it would buy back an additional $100 million of its shares in the second half of 2012.

Shares of Lexmark (LXK), which had about 13,300 employees worldwide at the end of last year, leapt to a six-week high of $22.75 before easing back to close at $21.62 on the NYSE. (Additional reporting by Liana B. Baker and Sayantani Ghosh; Editing by Saumyadeb Chakrabarty and Rodney Joyce)

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Penny Roger$ Penny Roger$ 12 years ago
~ $LXK ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $LXK ~ Earnings expected on Tuesday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=LXK&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=LXK&p=W&b=3&g=0&id=p54550695994



~ Barchart: http://barchart.com/quotes/stocks/LXK?
~ OTC Markets: http://www.otcmarkets.com/stock/LXK/company-info
~ Google Finance: http://www.google.com/finance?q=LXK
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LXK#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LXK+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LXK
Finviz: http://finviz.com/quote.ashx?t=LXK
~ BusyStock: http://busystock.com/i.php?s=LXK&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=LXK&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=LXK
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=LXK
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=LXK
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=LXK
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=LXK
~ MarketWatch: http://www.marketwatch.com/investing/stock/LXK/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=LXK
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LXK
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LXK&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LXK&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LXK&size=l&frequency=60&color=g


http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
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911 911 13 years ago


34.94nhod SWEET,,Bring It On Baby..eom
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911 911 13 years ago

34.46 x 34.48.hod 34.55.Sweet foreplay and she wants more here real soon,Sugar ME Candy Baby..Glad to be back!!! nhod 34.74 Rocking in the real world..
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Dakota Option Dakota Option 13 years ago
earnings for 4th qter will higher the estimates--mid 40s by December imo
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Dem Franchise Boyz Dem Franchise Boyz 13 years ago
LXK daily and 10min/10day chart...looking for my call entry here...





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Dem Franchise Boyz Dem Franchise Boyz 13 years ago
i am looking to come in here as well...looks like a great trade...

would love to have you come here and make any option calls you like or enter...i dedicated this board to OPTIONS

http://investorshub.advfn.com/boards/board.aspx?board_id=4084
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momentum74 momentum74 13 years ago
Higher lows intraday 38.60
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momentum74 momentum74 13 years ago
Link 38.54 -19% 12% of the float is short so it could get a squeeze bounce imo. http://finance.yahoo.com/q/ks?s=LXK+Key+Statistics
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momentum74 momentum74 13 years ago
38.46 -20% picked up some calls here. Scaling in nov 39 for a trade.
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