TallyGenicom Opens Another Chapter - Chapter 11

TallyGenicom files for Chapter 11, assets to be acquired by Printronix, Inc.

TallyGenicom announced last week that it has filed a voluntary petition for protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

The Company’s filing was instituted in order to effectuate the sale of certain U.S.-based assets of TallyGenicom.

As part of its filing, TallyGenicom will be seeking Court approval to name Printronix Inc., as the lead bidder in the auction process.

TallyGenicom CEO Dan Adragna said, “After working our advisors, investors and lenders to explore a number of alternatives, we have made the strategic decision to pursue a Chapter 11 filing in order to effectuate a sale of certain of the company’s U.S.-based assets,”

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Panasonic - Color, color MFP's Do Not Stop a 3.9 Billion Dollar Slide

Panasonic/Matsushita provided the rumor mill even more reason to suggest that Panasonic may get out of the copier market all together.

Rueters reports Panasonic Corp (6752.T) will report a consolidated net loss after tax of about 350 billion yen ($3.89 billion) in fiscal 2008/09 due to restructuring charges and weak sales of consumer electronics.

This will be Panasonic's first loss in six years, and the biggest since the firm posted a 430 billion yen net loss for the business year that ended in March 2002.

Interestingly, at last week's 2009 Lyra Symposium, Panasonic did not make the roster of copier companies analyzed.

It is not known how much the copier side of Panasonic contributed to the loss.

Printer Industry News: Managed Print Services… Staying the Course – Or Changing the Game?

Great Post from Ed.

Hardware Agnostic, Service based vs. Equipment Based...Printer Industry News: Managed Print Services… Staying the Course – Or Changing the Game?: "In reality, a services business model cannot be commoditized. If a firm is offering differentiated service with significant value add, then there is no way to become commoditized. However, if the firm is wrapping a CPC program around hardware and calling it MPS, this can absolutely become commoditized. But this is also a hardware-centric business model, not a professional services-centric model."