HP Has Double-Recall of Fax Machines (HPQ)

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By Jon C. Ogg Published

Hewlett-Packard Co. (NYSE: HPQ) has issued a voluntary recall of more than 1 million fax machines.  The recall pertains to some 928,000 HP fax 1040 and 1050 machines in the United States and another 240,000 of the machines in Mexico and in Canada. In some cases, this is a “re-recall.”

The recall notes that these models of the company’s fax machines can overheat “due to an internal electrical component failure, posing fire and burn hazards.” 

The company said that it is aware of only seven reports of fax machines overheating and catching fire which also resulted in property damage.  One of the reported instances resulted in “significant property damage and one instance of a minor burn injury to a consumer’s finger.”

Of the 7 incidents, six of these incidents were reported in the United States and one incident was reported in Canada.

The units were sold from November 2004 through December 2011 for between $90 and $120.  Here is the ironic part: Some of the recalled fax machines were replacement units for a previous recall involving HP fax model 1010 in June 2008.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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