Lexmark to Cut 1,700 Jobs, Stop Making Inkjet Printers

Printer and software company Lexmark is cutting 1,700 jobs, or almost 13 percent of its workforce, and says it will stop making inkjet printers as part of a drive to cut costs as it deals with shrinking sales of inkjets.

Lexmark Gets into Software for $280M

Printer giant Lexmark has been successfully reinventing itself by focusing on the premium printer market. Now, it's expanding into the software business by purchasing Perceptive Software, an enterprise content management company.