Wednesday, January 02, 2008
HP's Mark Hurd is Business Week's Businessperson of the Year
Business Week magazine is out today with its "2007 Businessperson of the Year" award, honoring HP (NYSE HPQ) CEO Mark Hurd (see "HP's Laser-focused Leader"). Much of the overall HP story of course goes well beyond printers and printing, but Imaging and Printing leader Vyomesh Joshi is quoted several times in the brief article by BW's Louise Lee, touching on HP's move of the monochrome LaserJet business to China, the threat in the consumer photo printing space from other printer companies like Kodak (NYSE EK) as well as from non-printing substitutes like photo frames and online sharing, and HP's move up-market into more and more commercial printing markets. Two questions/clarifications from me -- first, Kodak entered the market in 2007 not 2006 (in this iteration anyway), and, second, those "liters of ink" used by commercial printers seem unlikely to bring comparable margins as compared to those home and office inkjet supplies.