July 24, 2003
Lexmark Woes An Investment Opportunity
My spin: Hmmm. So Lexmark is down. HP is taking an offensive - and Dell, which sells Dell branded but Lexmark made printers has a few more months to go before we'll see how their printer selling is doing.
News Clip: NEW YORK - Business television pretty much summed it up; Lexmark International is today's disaster du jour.
The Lexington, Ky.-based company disappointed investors when it announced today that it missed second-quarter earnings estimates by one penny per share but even worse, Lexmark (nyse: LXK - news - people ) said third-quarter earnings per share would be as wide as 18 cents below consensus. Lexmark shares were getting pummeled this morning, down more than 18% to $59.84. (full story)
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