Connect with us

Hi, what are you looking for?

New Products

HP to Seek New Business Model for HP-branded Cameras

HP (NYSE:HPQ) today announced that it will seek an alternative business model for its HP-branded cameras and shift resources toward its Print 2.0 growth initiatives.

HP is currently working to identify an original equipment manufacturer (OEM) partner that would be licensed to design, source and distribute digital cameras under the HP brand. HP will continue selling its own cameras through the holiday season and intends to have the partnership arrangement in place in the first half of 2008.

This shift in strategy is intended to enable HP to accelerate its investment in Print 2.0 initiatives. These include furthering HP’s leadership position in home photo printing and online photo services, while accelerating the company’s retail photo-finishing business.

Announced in May 2007, the company’s Print 2.0 strategy focuses on three areas: delivering a next-generation digital printing platform that increases print speeds and lowers the cost of printing for high-volume commercial markets; making it easier to print from the web; and, extending HP’s digital content creation and publishing platforms across all customer segments.

As a result of its new camera business strategy, HP will take a pre-tax charge of approximately $30 million in the fourth fiscal quarter ending Oct. 31, 2007.

About HP
HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $100.5 billion for the four fiscal quarters ended July 31, 2007. More information about HP is available at http://www.hp.com.

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest Products

Shanling High End 2025

CD Players

Shanling will be demonstrating two disc players, DAC/Headphone Amp, DAC/Streamer, and HW-600 open-back headphones at High END.

Castle Windsor Duke Mahogany Loudspeakers Front Castle Windsor Duke Mahogany Loudspeakers Front

Bookshelf Speakers

Castle Acoustics' Windsor Series Duke and Earl bookshelf speakers are now available through MoFi Distribution. Classic British hi-fi, reborn.

Elipson Connect 2130 Xi Streaming Amplifier Lifestyle Elipson Connect 2130 Xi Streaming Amplifier Lifestyle

Digital Music Systems

Discover the Elipson Connect 2130 Xi, a compact French streaming amplifier that combines high-end Class D power, Wi-Fi and Bluetooth streaming, and HDMI ARC...

Tivoli Audio New Ordinary SongBook Max Speaker Lifestyle Tivoli Audio New Ordinary SongBook Max Speaker Lifestyle

New Products

Tivoli Audio's limited-edition SongBook Max, made in collaboration with Grammy-winning producer Sounwave, brings leather, chrome, and serious attitude to a retro-style Bluetooth speaker built...

Schiit Audio Mimir DAC Schiit Audio Mimir DAC

DACs

The Schiit Mimir DAC offers high-res 32-bit PCM sound, digital preamp functionality, and balanced outputs, all without the fluff of MQA or DSD—just pure,...

NAGAOKA MP-700 Phono Cartridge Playing Vinyl Record NAGAOKA MP-700 Phono Cartridge Playing Vinyl Record

New Products

With a non-traditional phono cartridge design, NAGAOKA's MP-700 elevates the vinyl record listening experience at a rather steep price.

Gift Ideas?

Cost-no-object Audiophile Gear

Floorstanding Speakers

When money is no-object in building a high-end audio system, this is the audiophile gear you'll want to check out first.

You May Also Like

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers