HP's inkjet manufacturing technology is a fascinating product line with tremendous upside potential in many fields, some of them highly competitive, e.g., consumer home entertainment technology, but the printer business is highly competitive, too. Joshi has done extraordinarily well leading HP's 'printer' business since the inkjet revolution.
Remember how far we've come from the days of dot matrix? Yet, many dot matrix printers are still cranking along because of the cost savings of ink ribbons over inkjet cartridges.
HP's business model is similar to the familiar Gillette's cheap razor/expensive blades success.
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