Lexmark

Infobox Company
company_name = Lexmark International, Inc.
company_
vector_
company_type = Public
genre =
foundation = 1991
founder =
location_city = flagicon|USA Lexington, Kentucky
location_country = USA
location =
origins =
key_people = Dr. Paul Curlander, CEO
area_served =
industry =
products = Printers
revenue = lossUS$4.97 billion (2007) [http://investor.lexmark.com/phoenix.zhtml?c=92369&p=IROL-NewsText&t=Regular&id=1101103&]
operating_income = lossUS$321.3 million (2007)
net_income = lossUS$300.8 million (2007)
num_employees = over 13 000 Worldwide, over 4 000 at HQ
parent =
subsid =
owner =
company_slogan =
homepage = [http://www.lexmark.com/ lexmark.com]
dissolved =
footnotes =

Lexmark (nyse|LXK) is an American corporation which develops and manufactures printing and imaging solutions, including laser and inkjet printers, multifunction products, printing supplies, and services for business and individual consumers. The company is headquartered in Lexington, Kentucky.

History

In March of 1991, IBM divested a number of its hardware manufacturing operations to the investment firm Clayton & Dubilier, Inc. in a leveraged buyout to form Lexmark International, Inc. [cite web|url=http://www-03.ibm.com/ibm/history/history/year_1991.html|title=IBM Archives: 1991] [cite web|url=http://query.nytimes.com/gst/fullpage.html?res=9D0CE2D9173CF931A15751C1A967958260|title=The Executive Computer; Can I.B.M. Learn From a Unit It Freed?] Lexmark became a publicly traded company in 1995.

Operations

The firm's corporate and R&D offices are located at the headquarters in Lexington, Kentucky, United States. Lexmark has offices throughout North and South America, Asia, Africa and Europe. The company has more than 13,000 employees worldwide. Lexmark is a Fortune 500 company and had $5.22 billion in revenues in 2005. In addition to manufacturing hardware under their own name, Lexmark also does third party development of printers for other major companies, such as Dell.

Products

s. They also offer a wide variety of laser printers for more professional printing.

Legal Cases

A court victory in 2005 was handed to Lexmark in the case of "ACRA v. Lexmark". This case states that Lexmark can enforce the “single use only” policy written on the side of Lexmark printer cartridge boxes sold to certain large customers at a discount, with the understanding that the customers will return the cartridges to Lexmark after using them. This means that these customers can face lawsuits if they breach the agreements, and do not return the cartridges. Also in 2005, Lexmark suffered a legal defeat in the case of "Lexmark Int'l v. Static Control Components", when the US Supreme Court rejected Lexmark's petition for a writ of certiorari, thereby rejecting their attempt to have the Court hear their case.

References

External links

* [http://www.lexmark.com/ Official website]
* [http://www.cbronline.com/companyprofile.asp?guid=E6BAE033-EE8E-47D5-80C1-34E11D839CE8 Computer Business Review - Lexmark Company Profile]
* [http://www.eff.org/legal/cases/Lexmark_v_Static_Control/ EFF: Lexmark v. Static Control Components Inc.]