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Company Name: Lexmark

Description: Lexmark International, Inc. – listed under the symbol LKX in the New York Stock Exchange – is a company whose business is developing, manufacturing and supplying printers and other imaging solutions for offices and homes.

Lexmark printers, printer accessories and consumables include color and monochrome inkjet and laser printers, multi-purpose printers which come with integrated scanners and copiers, dot-matrix printers, and Wi-Fi-enabled inkjet printers. Laser printing machines are also available for the business market.

The heads of the company are Vice-President for Corporate Communications Barbara Leary, Executive Vice-President and Chief Finance Officer John W. Gamble Jr., and Chairman and Chief Executive Officer Paul J. Curlander.

The main offices of the company are located in Kentucky, but it has also opened other offices in Europe, Africa, Asia and North and South America. Currently, the company has about 13,800 full-time employees.

Lexmark International, Inc. was established in March 1991 when IBM gave some of its printer manufacturing operations to the Clayton & Dubilier investment firm, Inc. Nevertheless, in the beginning, Lexmark mostly retained the IBM product line. By 1994, however, all IBM markings were removed from Lexmark printers. The company then went public and started offering shares the following year.

Lexmark was the first company to market printers that cost less than $100. Furthermore, the company was the first to develop and promote 3600x1200 dpi and 4800x1200 dpi printers, apart from having produced the first stand-alone photo printer. In addition, the company incorporates laser technology in their products.

In 2003, Lexmark collaborated with Dell in developing printers. The units carried the Dell brand name, but Lexmark distributed them. Nevertheless, Lexmark still continued developing their own printers and supplying them to other companies.

At the end of its 2007 fiscal year, the company had revenue of 4.97 billion dollars. What’s more, the company is currently included in the 2008 Fortune 500 list (at number 470).

Lexmark’s successes could be attributed to its commitment in “creating customers for life,” which means that, for the company, listening to, anticipating, and working to create value for customer needs is paramount. Furthermore, Lexmark is also “committed to being a company with strong respect for human rights, safe work conditions, and environmentally sound business practices” not just for them but for their customers and partners as well.

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