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DMIA's Award-Winning E-Mail Newsletter for Members Only February
4, 2005
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NEWS
<http://www.kodak.com Kodak to
Acquire <
http://www.creo.com>
Creo Eastman Kodak Co. agreed to buy Creo Inc. for $980 million in cash. The
purchase is expected to be completed in the second quarter. Creo supplies
software, digital printing plate technology and prepress equipment. Kodak's move
reflects its strategy to shift its dependence on traditional film-based
photography, a declining market, to digital photography. Creo stockholders would
get $16.50 a share, a premium of about 14 percent, Kodak said. The agreement
comes less than two weeks before Creo stockholders were to vote on an effort by
dissident investors to replace the board and its CEO. Creo's board delayed the
shareholders meeting to March 29, and investors voted in favor of the
acquisition. In recent months, the Creo board had urged shareholders to reject a
slate of board nominees including Robert Burton as CEO and chairman. Burton, the
former president and CEO of Moore who improved the company's bottom line by
slashing payroll and other expenses, was put forward by a dissident stockholders
group holding about six percent of Creo's shares and comprised primarily of
investment firms Goodwood Inc. and Burton Capital Management LLC.
<http://www.mohawkpaper.com>
Mohawk to Buy <
http://www.internationalpaper.com/>
IP Fine Papers Mohawk Paper Mills Inc., Cohoes, N.Y., signed a letter of
intent to purchase Fine Papers Business from International Paper, Stamford,
Conn. The Fine Papers Business offers writing, text and covers papers and artist
products segments. The transaction is subject to approval by Mohawk's board of
directors as well as completion of due diligence and financing. The companies
expect to complete the transaction, terms of which weren't disclosed, during the
first quarter of 2005. The Hamilton, Ohio, paper mill, the Saybrook, Ohio,
converting facility and the Westfield, Mass., Artist Products converting
operations will be included in the transaction, along with the staff. The sale
also includes the Strathmore®, Brite Hue®, Via® and Beckett® brands. IP
this week reported that its quarterly profit tripled, thanks to asset
sales—net income in the fourth quarter rose to $169 million, or 35 cents a
share, compared with $48 million, or 10 cents a share, a year earlier. Earnings
from continuing operations and before special items were 42 cents a share
compared to 19 cents a year earlier.
<http://www.meadwestvaco.com>
MeadWestvaco Reports 4Q Loss on Charges MeadWestvaco Corp., Stamford, Conn.,
reported a loss in the latest quarter, despite higher sales, due to charges for
the pending sale of its papers business. The maker of packaging also said it
would restate financial statements for 2003 and 2002 to correct deferred tax
liabilities. The company said it lost $497 million, or $2.45 a share, on revenue
of $2.15 billion in the fourth quarter. The latest quarter included charges of
$2.80 a share and a gain of 9 cents a share. In the twelve months ended Dec. 31,
the company lost $347 million, or $1.72 a share, on revenue of $8.23
billion.
<http://www.champion-industries.com>
Champion Announces Management Restructuring Champion Industries Inc.,
Huntington, W.Va., announced it's restructuring its management team into key
regions based on geographical considerations and division functionality. J. Mac
Aldridge, currently a vice president and division manager/president of
Stationers, has been promoted to senior vice president and will have market
responsibility for the company's entire line of office products and office
furniture. Todd R. Fry, currently a vice president and CFO, has been promoted to
senior vice president and will remain as CFO. R. Douglas McElwain, currently a
vice president and division manager of Bourque Printing, has been promoted to
senior vice president and will have market responsibility for the company's
operations in North Carolina, Mississippi, Louisiana and Cincinnati. James A.
Rhodes, currently a vice president and president of Consolidated Graphic
Communications, has been promoted to senior vice president and will have market
responsibility for the company's Pennsylvania operations as well as Parkersburg,
W. Va. and Kingsport, Tenn.
<http://www.gp.com> Georgia
Pacific 4Q Earnings Drop Georgia-Pacific Corp., Atlanta, reported a 48 percent drop in
its fourth-quarter earnings. The company earned $16 million, or 6 cents a share,
for the three months ending Dec. 31, down from $31 million, or 12 cents a share,
a year ago. Excluding one-time items—mostly charges, credits and gains related
to asbestos liability costs, asset impairments, facility closures, asset sales,
insurance adjustments and debt reduction—Georgia-Pacific reported a net income
of $134 million, or 51 cents a share, in the October-to-December period. Revenue
in the fourth quarter was $4.5 billion, down from $5.2 billion a year ago.
<http://www.harland.net/>
Harland 4Q Profit Up 25% John H. Harland Company reported quarterly sales of
$219 million, a 5.1% increase from 2003 fourth quarter sales; net income for the
fourth quarter was $21 million, a 25% increase from the $17 million reported for
the fourth quarter in 2003. Fourth quarter results in 2003 included pre-tax
charges totaling $6.7 million, equivalent to $0.14 per share, related to the
reorganization of the company's Printed Products segment, and pre-tax gains of
$2.7 million on the sale of certain investments, equivalent to $0.09. Harland
reports results for three segments: Printed Products, Software and Services, and
Scantron. Printed Products sales were $132.2 million, a 2.6% increase over
last year; Software and Services sales were $54.1 million, an 8% increase over
last year, and Scantron's sales were $31 million, a 5% increase over last year.
<http://biz.yahoo.com/pz/050202/71968.html>
Full story.
RFID Security Lacking? A vulnerability in radio-frequency ID chips could
put millions of users of wireless car key tags or speed pass payment devices at
risk, according to a recent study by researchers at Johns Hopkins University and
RSA Laboratories. Using a relatively simple electronic device, criminals could
wirelessly probe a car key tag or payment tag and then use the information
obtained from the probe to crack the cryptographic key on the tag. <http://enterprise-security-today.newsfactor.com/story.xhtml?story_title=RFID-Vulnerability-Exposed&story_id=30105>
Full story.
Call for Entries: 2005 Print Solutions Magazine
PEAK Awards Is your work
innovative or eye-catching? Does it improve your client's business? Win a Print
Excellence And Knowledge (PEAK) Award from Print Solutions Magazine and show
your talent to the rest of the world! A coveted PEAK award is a valuable
marketing tool that will raise your company's profile and show clients and
prospects that your work is the best in the industry. Unique in recognizing
companies that meet customers' printing needs, PEAK awards demonstrate
outstanding problem solving and creative approaches to design, manufacturing,
fulfillment, cost savings reporting and other processes that solve problems or
improve some aspect of a client's business. Deadline for entries is March 31.
<http://www.printsolutionsmag.com/peak.html>
Click here for complete information and entry forms.
SOLUTION OF THE WEEK
Packaging is Giant Help for Communications
Provider
Adelphia Communications Corporation wanted an eye-catching way to promote its
Power Link broadband, high-speed internet service. The Greenwood Village, Colo.,
company is best known for its TV prowess—it's the country's fifth-largest cable
TV firm. It also offers analog and digital video services, high-speed internet
access and other advanced services over its broadband networks. Seeking new
Power Link customers, Adelphia hoped to entice patrons at Best Buy and Circuit
City retail outlets. With a limited budget, the firm turned to <http://www.giantideas.com> Giant Ideas,
a Pittsburgh-area marketing and advertising firm, to turn the goal into a
reality. <http://www.dmia.org/sol_center/enewsletter/enews_articles/sow020405.html>
Full Story
SALES AND MARKETING TIP
Are You Using These Keyword Selection
Guidelines?
To improve the conversion rate of your web site, first find the keywords
people are using related to your industry, make sure that the search results
from the keywords you select are relevant to your industry, and then optimize
your site for those phrases. <http://www.workz.com/cgi-bin/gt/tpl_page.html?template=3&content=2933&nav1=1&>
Full story.
E-COMMERCE SPOTLIGHT
A Little Strategy Goes a Long Way
So you've finally decided to join the e-commerce rush? Here are tips to help
you increase your chances of success. <http://www.ecommerce-guide.com/resources/article.php/3467461>
Full story.
PRODUCT OF THE WEEK
Your Imprint Here
Your Imprint Here is the first book about artwork and imprinting by the
promotional products industry's foremost expert, Dennis Burnham, MAS. Burnham's
written style is as fluent and articulate as his educational seminars and
frequent columns in Promotional Products Business magazine. Using a combination
of his sharp wit and vivid illustrative examples, he makes this otherwise
perplexing topic understandable to veteran sales people and novices alike. In
his Foreword to Your Imprint Here, Mark S. Gilman writes: "People who design
artwork to be reproduced on promotional products really need to read this book.
And so do people who sell promotional products." Code: IMPRINT. Member Price:
$35. To order, contact <mailto:tdavis@dmia.org> Tina Davis.
HOT SITES
<http://www.crcstudio.arts.ualberta.ca/heritage/>
Heritage Scrapbooks
These online scrapbooks date from the early 18th century to the present day,
and offer a lovely selection of the art and personal insights afforded by the
practice of creating scrapbooks. Currently, the site contains 21 scrapbooks,
which may be browsed by title, author, document type, and category. <http://www.crcstudio.arts.ualberta.ca/heritage/>
Visit the site.
<http://lcweb2.loc.gov/ammem/collections/civil_war_maps/>
Civil War Maps
Accuracy in mapping is crucial, and during the Civil War this important skill
was vital to a successful campaign. In one of its most ambitious digital
collections to date, the American Memory project at the Library of Congress has
placed approximately 2,240 Civil War maps and charts in this archive, along with
200 maps from the Library of Virginia and 400 maps from the Virginia Historical
Society. Visitors can jump right in by browsing the entire collection by place,
subject, creator or title. Included are a multitude of maps and views of
Vicksburg in Mississippi and the infamous Andersonville Prison in Georgia.
<http://lcweb2.loc.gov/ammem/collections/civil_war_maps/>
Visit the site. <http://www.formstore.com/healthcare.htm>
WHAT'S NEW AT
DMIA?
TradeMart 2005 The industry is moving faster than ever, and DMIA's
TRADEMarts make it easy and convenient to stay updated. Attending a TRADEMart is
your best chance to take advantage of the product innovations and dynamic ideas
that are hitting the marketplace.
Upcoming TradeMart Dates and
Locations:
March 2 - New York, NY <http://www.dmia.org/em/tm2005/ses_newyork.html>
Seminars March 8 - Burlingame, CA (San Francisco) <http://www.dmia.org/em/tm2005/ses_burlingame.html>
Seminars
New York Seminars Include:
<http://www.dmia.org/em/tm2005/ses_newyork.html#info>
Pressure Seal for the Financial Services Market: Distributor Case Studies
—InfoSeal, LLC <http://www.dmia.org/em/tm2005/ses_newyork.html#well>
Six Financial Mistakes Business Printing Owners Make—and How to Avoid Them
—Wellesley Investment Advisors Inc. <http://www.dmia.org/em/tm2005/ses_newyork.html#ase>
Distributor Turns a $500 Folder Quote into a $7,000 Filing System Sale: A Case
Study —ASE Dealer <http://www.dmia.org/em/tm2005/ses_newyork.html#wise>
Selling Variable Data Solutions for a Marketing Campaign —Wise <http://www.dmia.org/em/tm2005/ses_newyork.html#tele>
Technology Driven Print —Telemark <http://www.dmia.org/em/tm2005/ses_newyork.html#per>
Commercial Printing Sales Unwrapped —Performance Press Inc. and
PrintSouth <http://www.dmia.org/em/tm2005/ses_newyork.html#spec>
Unique Promotional Products to boost Sales —Specialized Printed Forms/IMCOM
Inc. <http://www.dmia.org/em/tm2005/ses_newyork.html#wil>
Closing The Sale With Pressure Seal —Wilmer <http://www.dmia.org/em/tm2005/ses_newyork.html#prof>
Selling Direct Mail —Professional Graphic Communications, Inc.
Burlingame Seminars Include:
<http://www.dmia.org/em/tm2005/ses_burlingame.html#app>
Security Required—Document Risk Management —Appleton <http://www.dmia.org/em/tm2005/ses_burlingame.html#wil>
Sealing Deals with Pressure Seal Solutions: A Case Study —Wilmer
For more information on TradeMarts, <http://www.dmia.org/em/trade_marts.html>
click here.
Small Distributor
Summit This summit is for distributors with sales
volume below $2.5 million. This year's program has new topics, new technologies
and new insights. Designed exclusively by member distributors, this program
brings top-notch education in a format that works for you. Your peers developed
all of the programs, the schedule and the manufacturer sessions. Join us from
March 12-14 at Embassy Suites Outdoor World, Dallas. <http://www.dmia.org/em/smalldist.html>
Click here for more.
TOP TEN
Here are this week's top unusual source requests
received by DMIA:
1. Binder; to hold maps; 36" x 31"; prints 1-2 colors;
QTY=10-30 2. Flip Flops; QTY=Minimum 3. Hand cream; tube or
bottle; imprints 1-2 colors; QTY=500-1M 4. Coffee; private label;
prints 4cp; QTY=500-1M-5M-10M 5. Table Top Lectern; QTY=1 6.
Bronze Magnets; prints 1 color; QTY=2.5M-5M 7. Supergrip H Clip; used
as a sign holder on retail shelves; QTY=500-1M 8. Nameplates; plastic
injected molded; 12" x 8"; QTY=1M+ 9. Exam Paper Rolls; imprinted 2
colors; 21" x 225(ft.); QTY=1 carton 10. POS Software; converts PC into
a cash register that enables customers to see item description, price and
inventory on screen
If you have a source request—for anything—call the Hotline at (800) 333-2828
between 9 a.m. and 5 p.m. Eastern Time, or use the <http://64.115.51.134/index.htm>
Source Hotline Database online. For new sales ideas every day, try our <http://www.dmia.org/dmiasearch/am_pm/search/index.cfm>
1,000 Sales Ideas Database. Manufacturers, if you produce any of these items and
would like to check your listing with the Source Hotline, please email <mailto:crush@dmia.org> Cheryl Rush.
_______________________________________________________________________________________
The E-weekly is designed by Christine Sachs and edited by Preeti Vasishtha
with contributions from Darin Painter and Andy Brown.
Contact us at <mailto:eweekly@printsolutionsmag.com>
eweekly@printsolutionsmag.com.
Visit Print Solutions Magazine at <http://www.printsolutionsmag.com>
www.printsolutionsmag.com. To
advertise, <mailto:ckelly@dmia.org?subject=Interested_in_E-Weekly_Advertising&cc=bholt@dmia.org>
click here.
ISSN1552-3667 (c) Copyright 2005 <http://www.dmia.org> Document Management
Industries Association 433 E. Monroe Ave.; Alexandria, VA 22301;
(800) 336-4641 (703) 836-6232 To subscribe <http://www.dmia.org/sol_center/enewssubs.html>
click here. To unsubscribe or change your address, <http://www.printsolutionsmag.com/dmia/enewsunsub.html>
click here.
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