HP's H e a v y
Protectionism
Chops channel, Instant Ink
12m mbrs w $1Bn+ sales?
HP is again causing print customers angst, as new firmware locks out the use of third-party ink. The news comes days after its Instant Ink subscription service was criticised as dodgy, difficult & far more expensive than claimed. We report Enrique Lores' protectionist remarks at the Morgan Stanley conference that ignored inflationary price hikes that offset plunging volumes, now less than half of 2010 levels.
