Toner, Consolidation and Recession
October 5, 2022
This week, consolidations are expanding, growing office space is shrinking, Xerox is not so best of a buy, and augmented reality takes another step into managed print services.
Bad Guys Are in Your Toner -
HP says those reprogrammable third-party chips are open to dastardly deeds from global evil-doers: Hackers can use your knock-off toner to gain a backdoor through printers to larger IT networks. We're not sure if criminals are breaking into NORAD or if smart kids are changing report cards, but a threat is a threat.
The Recession is Coming -
Something wicked this way comes - if the Philly's win. Stay with me on this. In the past 100 years, every time the Philadelphia Phillies win the World Series, we go into a financial crisis. I ain't kidding, in 1929, 1980, and 2008, the Phillies won. Yesterday, they secured a spot in the playoffs.
Amazon and Meta reduce their office space footprint-
Amazon sends almost all of its service desk employees home - to work from home - shuttering offices across the country and Meta ends its lease in a New York high-rise. Tip of the iceberg? Yes. Expect more of the same in the coming months as the recession and the work-from-home movement settles.
Canon has a new 'thing' for remote work & EKM is exploring Augmented Reality -
Canon, the premiere copier company, is looking for ways to fit into the hybrid-office model with a new way to communicate 'face to face' and EKM is exploring remote servicing via augmented reality. Groovy.
Xerox is not so good -
The struggles at Xerox continue as Seeking Alpha describes Xerox as a "No" buy. The financial content service firm feels "The company is a business that at least, in part, is exposed to what many would describe as a dying sort of business - printing."
Rumors of the World -
I'm hearing supply chain issues will remain until Q2 2023 and chips are finding their way into the A3 devices, NOT A4, freeing up an inventory of the bigger, higher margin, yet over-spec'd devices. Hiring the right person remains a challenge, the smaller dealers are still being assimilated into VC-based behemoths and many are waiting for big OEM consolidation.
This week the Internet Relay Chat includes: Facebook is winding down its newsletter service, be careful who you write parodies about, you could go to jail, ‘quiet quitting’ is a response to a toxic work environment, and in the spirit of George Jetson, a new pilotless air taxi is ready for FAA certification. That’s right. Pilotless.
On Oct. 4 of that year, Pope Gregory XIII introduced the Gregorian calendar eliminating 10 days in October. So, the people of 1582 went to bed on Oct. 4 and woke up the next day on Oct. 15, probably feeling quite refreshed.