SCCO (Smith Corona) has news out. Remember, Smith Corona is a Nasdaq listed stock with only 3,139,000 shares outstanding! And it trades right now for only a $1.25/share! The company had $47 million in revenues last year.
I think this could easily hit $8 within a year as the company's turnaround is completed. The new CEO previously turned Roladex around and sold it for a fortune.
Dexx
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CORTLAND, N.Y., Sept. 30, 1999 (BUSINESS WIRE) -- Smith Corona Corp., a worldwide leader in typewriters and business printing, today announced the introduction of its InkJet Solutions(TM) product line.
These high-quality supplies for inkjet printers respond to increasing
market demand for competitively priced products that offer quality
printing and are compatible with most major brand printers.
InkJet Solutions offer a 22-SKU line of replacement cartridges and Ink
Cap refill kits compatible with Hewlett Packard, Lexmark, Canon, and
Epson printers. Products are available for both black and color inkjet
printers, and kits feature proprietary Snap'n Fill(TM) Ink Caps that
permit numerous refills to save time and money. Smith Corona's inkjet
products are competitively priced at price points 15-35 percent lower
than original equipment manufacturers.
"Inkjet Solutions support Smith Corona's business strategy to introduce innovative products that enhance our reputation for quality products that print data and transmit information," stated John A. Bermingham, president and chief executive officer of Smith Corona.
"Moreover, with more than 100 million inkjet printers in use today, this represents tremendous value to both Smith Corona and our customers, now and in the future."
Bermingham pointed out that 1998 retail sales for inkjet cartridges
totaled $6.5 billion (275 million units) and is expected to grow
exponentially. By 2002, independent forecasts call for retail sales to
reach almost $8.7 billion (391 million units), with third-party
providers capturing 11 percent of these retail sales.
The InkJet Solutions product line will be available in early October at major office supply retailers, mass merchandisers, and in office supply catalogs.
"Smith Corona cartridges have been independently tested as quality
replacements for the most popular printers, faxes, and multi-function
machines," stated Brandon McKnight, Smith Corona product manager.
"The Snap'n Fill Ink Caps for Hewlett Packard and Lexmark printers
represent the next generation of ink refilling technology that deliver
the savings and ease of installation customers have been asking for.
The full product line, combined with the recognition and global
strength of its brand name, will allow Smith Corona to expand its reach in the international consumables industry."
Smith Corona Corp. is dedicated to producing information solutions
through new and emerging technology products in addition to marketing
and developing its traditional electronic typewriters and related
accessories and supplies. The company is based in Cortland and can be
reached electronically at www.smithcorona.com. |
