Lexmark profits fall 45%
Printer people suffer the same as PC vendors
Lexmark has provided proof that printer firms got hammered as much as PC vendors in the fourth quarter of 2000.
Profits for the quarter fell 45 per cent. After one-off charges the company earned $55 million, compared with $99.7 million for the same period a year earlier.
Back in October the company warned it was going to restructure and shed as many as 900 workers.
Sales for the quarter hit a record $1.096 billion, up from $1.003 billion a year earlier. ®