Photos from the Lexington Herald-Leader archives updated daily

Lexmark keyboard production, 1992

Posted on March 20, 2017 | in Uncategorized | by

Janet Scott assembled keyboards on March 16, 1992, at Lexmark’s plant on New Circle Road in Lexington. She was working on the Model M IBM Enhanced 101-key keyboard, a Lexmark product that won a 1991 PC Magazine Editor’s Choice Award and sold for $217. The keyboard was known for its satisfying click-thunk-click sound when a key was struck. This photo ran with a story highlighting the company’s first anniversary after the International Business Machines division became Lexmark International Inc. The company touted new and revamped products, industry awards, aggressive marketing strategies, expanded distribution, improved financial performance and better customer service, saying those achievements made Lexmark’s first anniversary a cause for celebration. Then-chairman and CEO Marvin L. Mann said performance was “better than we would have anticipated.” About that time, about 3,000 of Lexmark’s 5,000 employees worked in Lexington, where the company made typewriters, printers and keyboards. It was Lexington’s largest private employer. In 1995, Lexmark became a public company and was listed on the New York Stock Exchange. In 1996, the company decided to stop making computer keyboards and moved its corporate headquarters from Greenwich, Conn., to Lexington. Five years after leaving IBM, Lexmark employed 5,400 workers in Lexington. Over the years the company would slowly move the cornerstone of its business strategy toward the enterprise software business. Lexmark began diversifying its revenue stream with the purchases of many software companies, and in August 2012, it left the inkjet printer business. In 2016, Lexmark was acquired by a consortium of investors led by Apex Technology Co. and PAG Asia Capital. The $3.6 billion acquisition was announced last April, and in November,  the company said it was shedding its enterprise software business. At that time, it employed 2,300 people in Lexington. Click here to see more images from our archives of the Lexington company. Photo by Frank Anderson | Staff


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