Collapsable core for printer

1. A reusable and collapsible core for a printer, comprising:

a core that-includes a hollow member that has a bore that fits over a spindle, the core has a first end and a second end and a circumference wherein the core is formed of a deformable resilient material and is deformable along the at least one axially extending groove;

a wall formed on the hollow member, the wall having an interior and exterior surface;

at least one axially extending ridge formed on the interior surface of the wall of the core;

at least one gap formed in the wall and extending from the exterior surface to the interior surface of the hollow member and extending axially from the first end to the second end of the core; and

at least one axially extending relief groove formed on the exterior surface of the wall of the core wherein the at least one gap and the at least one axially extending relief groove are disposed substantially equally around the circumference of the core such that there is about equal space between each the gap and at least one groove.

2. The core of claim 1 , wherein the at least one groove extends an entire length of the core.

3. The core of claim 1 , wherein the core is provided with two axially extending relief grooves and the grooves and the gap are disposed at regular intervals around the circumference of the core.

4. A printer, comprising:

a frame having a vertical wall and a floor;

a housing pivotally joined at hinges;

a roll of print media held by a media supply roll mounting assembly and mounted on the vertical wall of the frame;

a printhead assembly;

a take-up assembly having a spent liner take-up spindle and a collapsible core, the core includes a hollow member having a bore and has a circumference wherein the core is formed of a deformable resilient material and is deformable along the at least one axially extending groove,

a wall having an interior and exterior surface and a at least one gap formed in the wall and extending from the exterior surface to the interior surface of the wall,

at least one axially extending ridge formed on the interior surface of the wall of the core, and

at least one axially extending relief groove formed on the exterior surface of the wall of the core wherein the at least one gap and the at least one axially extending relief groove are disposed substantially equally around the circumference of the core such that there is about equal space between each the gap and at least one groove.

5. The printer of claim 4 , wherein the gap and the at least one groove extend a length of the wall.

6. The printer of claim 4 , wherein the media supply roll mounting assembly is selectively pivotable.

7. The printer of claim 4 , wherein the housing comprises two pieces.

8. The printer of claim 4 , wherein the print media is label stock which includes a series of individual labels or record members releaseably adhered to a continuous web of material.

9. The printer of claim 4 , wherein the take-up assembly is mounted to the vertical wall of the frame.

10. The printer of claim 4 , further comprising an ink ribbon supply spindle and an ink ribbon take-up spindle.

11. The printer of claim 4 , wherein the printer further comprises a detector to measure or monitor an amount of material wound onto the core.

12. A method of discarding spent material from a core of a take-up assembly of a printer, comprising the steps of:

providing a printer having a collapsible core, the core having a circumference an outer circumference and includes at least one gap and a groove each extending along the outer circumference of the core and the gap extends from an outer surface of the core to an inner surface of the core wherein the at least one gap and the at least one axially extending relief groove are disposed substantially equally around the circumference of the core such that there is about equal space between each the gap and at least one groove;

separating spent material wound on the core from any remaining portion of print material in the printer;

taking the core off of a spindle;

applying force to a portion of the circumference of the core;

compressing the gap to reduce a diameter of the core which includes expanding the groove;

removing the spent material from the core and releasing the force from the core; and

replacing the core back on the spindle.

13. The method of claim 12 , further comprising re-engaging the material with the take-up assembly and resuming operation of the printer.

14. The method of claim 12 , wherein the material is used ink ribbon.

15. The method of claim 12 , wherein the material is spent release liner.