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Kodak is tracking Lexmark when it leaves the inkjet business

Kodak is tracking Lexmark when it leaves the inkjet business

Kodak plans to stop selling inkjet printers as early as 2013, as it liquidates most of its consumer business and focuses on commercial printing.

Printer manufacturers are struggling with declining sales as companies cut costs and people are increasingly using mobile devices to make snapshots and distribute them digitally.

Lexmark said last month It will stop manufacturing inkjet printers and focus on its more profitable imaging and software business.

Kodak, which already closed its digital camera business , said on Friday that it expects to bear a $ 90 million fee related to the liquidation of the inkjet business.

However, the company will continue to sell ink to existing customers.

He received «significant interest» from suitors for his printing and scanning kiosks. Kodak went bankrupt earlier this year after struggling to adapt to the digital age. The company said it expects to cut another 200 jobs, in addition to the 1,000 announced earlier this month. It has reduced 2,700 jobs so far this year.

Kodak, which once employed more than 60,000 people, is expected to go bankrupt in 2013 as a much lighter company. The latest job cuts will reduce its workforce to 13,100.

The company said it is still in talks to sell its patents, valued at between $ 2.2 billion and $ 2.6 billion, and that it will file for bankruptcy to extend its right to bankruptcy. submit a reorganization plan by February 28, 2013.

Kodak said earlier this month that it could give up its efforts to bid for 1,000 digital imaging patents and set up a new licensing company to help pay creditors.

According to media reports, Kodak has only received offers under $ 500 million from investor groups, including Apple and Google.