Vios management is engaged in ongoing talks over the proposal for Scitex and BT to sell the data transfer and graphic arts ASP to its management team.
It expects to release further details of its plans within the next few weeks.
Scitex revealed that it wished to divest its stakes in the Vio and Karat joint ventures when it announced its year 2000 results (PrintWeek, 2 March).
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"Bit weird. From what I've heard, things started to go wrong when their trade customers found out they put a B1 printing press in and went from a supplier to a competitor......"
"Sad to see another print company facing financial trouble. The industry is tough, and this highlights the ongoing challenges many are facing. Hope employees and customers get clarity soon."
"Not surprised, businesses need to prepare for these attacks rather than thinking that they're going to avoid them. At the very least, data needs to be fully protected with air gaps in place..."
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