Xerox Corp. today announced revenues of US$3.7 billion for its second quarter of 2009, which represents an 18 percent drop from second-quarter 2008. The company states this includes a 5-point negative impact from currency.
"We have seen sequential improvement with revenue up 5 percent from the first quarter,” said Ursula Burns, Xerox Chief Executive Officer. “However, assuming current economic conditions persist, we expect revenue will remain under pressure during the balance of this year.”
Equipment sale revenue declined 29 percent during the company’s second quarter, while operating cash flow reached US$609 million. Xerox ended the second quarter with a cash balance of $1.2 billion, and total debt was down US$347 million through the first half of the year. Xerox plans to reduce overall debt by US$1 billion this year.
California-based Electronics for Imaging obtained what it calls a “sweeping victory” in a long patent dispute with Leggett & Platt Inc., over UV-curing technologies within EFI’s VUTEk division, which builds large-format, inkjet machines.
A federal judge in St. Louis, Missouri held on July 14 that all of the claims in Leggett & Platt's (L&P) U.S. Patent No. 7,290,874 were invalid in relation to EFI’s own patent and printer design technology. Since the legal dispute began in May 2005, EFI has maintained that it was the first to invent and patent the technologies in question. The court agreed, concluding that EFI's UV curing methods were invented and patented (U.S. Patent Nos. 6,457,823 and 6,616,355) before any of L&P's patents. As a result, the court invalidated L&P's patent.
The court's decision is the third in a series of victories surrounding EFI's UV curing technology. The court previously invalidated L&P's U.S. Patent No. 6,755,518, and the US Court of Appeals for the Federal Circuit affirmed that decision.
After its June 13 filing under Companies’ Creditors Arrangement Act for bankruptcy protection, Fraser Papers of Toronto receives a reorganization extension from the Ontario Superior Court of Justice.
The extension is for 90 days through October 16, 2009, and was supported by PricewaterhouseCoopers, the court appointed monitor of Fraser Papers’ CCAA process. The company also announced that on July 13, 2009, the U.S. Bankruptcy Court for the District of Delaware, recognizing the CCAA proceeding as a foreign main proceeding, granted a stay of proceedings for Fraser Papers.
In a statement about the protection extension, Fraser Papers also noted the approval of additional financing from the Government of New Brunswick, which is to be targeted toward the completion of the company's lumber mill in Plaster Rock, New Brunswick. Fraser Papers expects construction on the modernization project to commence in the coming weeks, with completion targeted for the end of the third quarter.
Shortly after Unisource canceled its agreement to purchase Gould Paper Canada, xpedx Canada led by Mike Kearney steps in to purchase the paper distributor. xpedx Canada, a subsidiary of International Paper, on June 20 announced it had completed the acquisition of Vancouver-based Gould Paper Canada Ltd., a subsidiary of privately held Gould Paper Corporation, headquartered in New York City.
Gould Paper Canada, which employs approximately 65 people, and with distribution facilities in Vancouver, Calgary and Edmonton, will operate as part of xpedx Canada, a business of xpedx, International Paper’s distribution business and one of North America’s largest business-to-business distributors.
"This is an exciting opportunity for xpedx Canada to expand its market reach to three major western Canadian markets—Vancouver, Calgary and Edmonton," said Kearney, VP of xpedx Canada. "Gould Paper Canada has a strong reputation for providing great customer service."
Unisource Canada announced it had canceled a May 15 agreement to purchase Gould just two days after a new, June 14 agreement to purchase large-format equipment Mondrian-Hall.
Two days after announcing an agreement to buy Mondrian-Hall, which itself filed for bankruptcy protection on July 8 of this year, Unisource Canada has now canceled an earlier agreement to purchase Gould Paper.
Unisource explained its decision in a single-sentence statement made on July 16: "Unisource Canada Inc. has been unable to reach a conclusive agreement with respect to the acquisition of Gould Paper Canada Ltd. in a timely manner and, as a result, has decided not to pursue the acquistion further at this time."
The original agreement to purchase Gould was made in mid-May 2009. On July 14, Unisource announced its intentions to purchase national wide-format equipment distributor Mondrian-Hall, which is a deal it expects to close by mid-August. On July 8, Mondrian-Hall filed for bankruptcy protection under the Companies' Creditors Arrangement Act., through RSM Richter.
The enhanced AmigoPUR from Muller Martini now supports PUR processing for both spine and side processing in a single applicator head. Muller Martini claims this is a key benefit as the application of PUR allows manufacturers to produce more durable book in the short-run book market. The upgraded AmigoPUR perfect binder, which one person can operate at 1,500 c/hr, also has a second spine preparation station.
At drupa-2008, Muller Martini introduced a new ergonomic concept for its machines, which has been applied to the AmigoPUR with a touch-screen panel and the hand-feed station repositioned for better loading of the machine. The machine also includes a new vertical book delivery, where the bound product is lowered in a cam controlled motion and held vertically on its spine. The delivery can hold hundreds of books, according to Muller Martini.
The AmigoPlus, as part of a product line that has existing for 14 years, include preexisting features like separate hot-melt spine and side gluing units, milling, cover nipping, 4-line scoring and a menu-guided control system.
A division of Bitstream Inc., Pageflex releases a $695 plug-in, called Studio ID, for Adobe InDesign CS4 working in both Macintosh and Windows platforms. With drivers for PostScript, PDF, and PPML output, Studio ID enables users to design, setup, and run variable-data projects directly in InDesign CS4 – meaning there is no need to convert files into a Pageflex format.
Studio ID includes a point-and-click business rule editor for creating if-then-else rules, and support for Adobe ExtendScript when a project requires more complex rules. “Along with basic variable data features for changing text and images, we’ve incorporated some of the more advanced functionality… [including] our extensive scripting API called Pageflex Actions, which can be used to dynamically manipulate every aspect of an InDesign document on-the-fly,” explained Jeff Perk, Director of Product Management at Bitstream.
With Studio ID, users can prepare variable-data templates and projects for use in Pageflex Storefront, a Web-to-print application. These templates then can be packaged and uploaded to Pageflex Storefront, while files remain in the native InDesign format throughout the Pageflex Storefront workflow. Pageflex Storefront 7.0 now includes integration with Adobe InDesign CS4 Server so that native InDesign documents can be selected, customized, and ordered through a Web browser.
Driven by new Harlequin RIP technology, ECRM’s RIPMate 8.1 includes enhancements for rendering and trapping complex transparencies, as well as new features for processing PDFs in production workflows. The software specifically now includes support for PDF version 1.7 and PDF/X-4, while also supporting JPEG2000, optional content, cross-reference streams, compressed object streams and 16-bit images. Users process their PDFs directly on the RIP through hot folders or the print file menu, while they can can also pull files directly from the latest version of Acrobat or drop PDFs into design applications and RIP.
In addition, RIPMate is now able to capture rasterized files, which helps when working with redundant images, particularly when processing PDF files with pages that share a non-variant background and have text varying from page to page. RIPMate is able to scan the PDF for repeating-image pages, and then RIPs the invariant background once, while retaining it for use on the subsequent pages.
The new PDF Raster option offers users the ability to create a PDF of the actual rasterized file. Using the in-RIP trapping option, TrapMate, the PDF raster output plug-in can be used to image a composite (halftone) PDF with traps. Users can also turn on the highlight traps feature to output a composite PDF with the traps highlighted in either red or green. This feature, according to ECRM, gives users the ability to output a composite screened CMYK PDF file directly from their RIP or workflow.
A new multi-threading feature allows RIPMate to leverage hyper-threading and multi-core CPU architectures, as well as multiple processors. Multi-threading is now available as a standard RIP feature in most applications. The new Migrate Feature makes allows users to migrate page setups, and input channels and calibrations into the latest version of their RIP.
Two updated models have been added to Canon’s imageRUNNER line, first introduced in 1999. The new imageRUNNER ADVANCE includes models C9075 and C9065, designed for light-production environments, which are to be released by the end of 2009.
The ADVANCE C9075 PRO will produce letter-sized output at up to 75-pages-per-minute (ppm) in black-and-white and 70 ppm in colour, while the ADVANCE C9065 PRO will operate at up to 65 ppm in both black-and-white and colour. Both new models print at 1,200 x 1,200-dpi print resolution.
Through various, but optional hardware accessories, the new models can have a paper capacity of up to 9,300 sheets, while supporting sizes up to 13 x 19.2-inches and with a weight up to 300 gsm (110 lb. Cover). Coated paper and tab paper are also supported.
The new models include Canon's Ultra Fast Rendering II (UFRII) printing technology, as well as optional Adobe PostScript 3 and PCL 5c/6 capabilities. For colour-intensive users, there will be new imagePASS and ColorPASS print controller options available. Both models will utilize a new, high-capacity Single Pass Duplex Document Feeder with scan speeds of up to 200 images-per-minute (ipm) for black-and-white, 2-sided and letter-sized documents.
The North American market now has access to EskoArtwork’s Cyrel Digital Imager (CDI) Spark 1712, which is a flexo plate and film imaging system, specifically designed for narrow-web tag and label printers.
According to the company, the CDI Spark 1712 is able to image digital flexo plates, foil-based digital letterpress plates, digital silk screens, chemistry-free film and chemistry-free offset plates. With an external drum design, vacuum system and EasyClamp, the Spark 1712 loads plates and ablative film up to 16.5 x 11.8-inches and .12 of an inch thick. According to Esko, at its highest image resolution of 2,540 ppi, the Spark 1712 can image a full-size plate in nine minutes and 30 seconds.