Lexmark is uniquely positioned to capitalize on emerging industry trends and opportunities.
We are the only significant provider of printing solutions and services that is 100 percent focused on that industry. Lexmark is not distracted by other businesses, allowing us to drive our research and development more aggressively than our competitors. We now internally develop all three core print technologies — color inkjet, monochrome laser and color laser — enabling a rapid response to customer needs and a significantly lower cost base for our products. This facilitates Lexmark's drive to be the low-cost producer — and we're getting better all the time.
Additionally, our sole focus on printing solutions and services puts us in a strong position to create alliances with providers of computers, digital cameras and information technology services. Lexmark also continues to be unique in its customer model, relying on sales teams that deal directly with customers in specific industries and channels. This generates demand, but also drives development of customer-centric solutions that differentiate Lexmark and take us beyond a mere commodity sale.
These characteristics position Lexmark well to capitalize upon three developing growth opportunities: the increase in production of color pages in the office, the movement to higher-priced and more highly used inkjet multifunction products (MFPs) and the high-potential home digital photography market. Lexmark's strong product lineup, our continuous investment in next-generation technology and our drive for low costs have us poised to further seize the advantage as market demand improves. |
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Tim Craig | Vice president; President, Consumer Printer Division
David Goodnight | Vice president, Asia Pacific and Latin America
Paul Rooke | Vice president; President, Printing Solutions and Services Division
Najib Bahous | Vice president, Customer Services |
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| Earnings were $2.23 per share in 2001, compared to $2.35 in 2000. |
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