Lexmark: Signs of Trouble?
August 27, 2015
I read “Shares of Lexmark International Inc. Sees Large Outflow of Money.”
The main point of the write up in my opinion was:
The company shares have dropped 41.65% in the past 52 Weeks. On August 25, 2014 The shares registered one year high of $50.63 and one year low was seen on August 21, 2015 at $29.11.
Today as I write this (August 26, 2015), Lexmark is trading at $28.25.
Why do I care?
The company acquired several search and content processing systems in the firm’s effort to find a replacement for the firm’s traditional business, printers. As you know, Lexmark is one of the IBM units which had an opportunity to find its future outside of IBM.
The company purchased three vendors which were among the companies I monitored:
- Brainware, the trigram folks
- ISYS Search Software, the 1988 old school search and retrieval system
- Kapow (via Lexmark’s purchase of Kofax), the data normalization outfit.
Also, the company’s headquarters are about an hour from my cabin next to the pond filled with mine run off. Cutbacks at Lexmark may spell more mobile homes in my neck of the woods.
Stephen E Arnold, August 27, 2015
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