Monday, September 12, 2016

HP buys Samsung's Printer/Copier Unit - the more things change...


Breaking news this morning across the business world is HP's somewhat surprising $1 Billion acquisition of Samsung's printer business. The move is touted by HP as a path into the copier business, taking advantage of an A3 product line currently designed, manufactured and marketed by Samsung.

It is a time of long-term decline in the printing business and it is predictable that consolidation like this will continue to take place. This move brings to mind the HP/Samsung joint venture that ended in 1998. On my first visit to Seoul in 1985, our destination was "SHP" - as the logo on a large downtown office building read. I always will remember my education on the Korean economy of the times and the importance that HP work with a local business giant like Samsung. (Another one I learned about at the time was Lucky Gold Star.)

From HP's Measure magazine, 1995

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