SCCO - Smith Corona Message Board

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Technology Stocks : SCCO - Smith Corona

SCCO 114.38

-2.5%

11:19 AM EDT

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To: Katelew who wrote (122)	1/14/2000 5:58:00 PM
From: bruiser	Read Replies (1) of 145

Sure...basically, the meat of the article touches on the fact that the 'ole typewriter isn't dead. The market is not shrinking but staying flat. It mentions a lot about the need for a typewriter (typing labels, business forms, etc.). Also mentions that most offices still have a typewriter (or 2, 3 4 of them) in it and still be utilized. They talk about the agreement with Office Depot: "Office Depot has introduced a line of display calculators under the Smith Corona name...and other products are in the pipeline. Mr. Bermingham says the agreement shows that the Smith Corona name retains marketing allure". Also mentioned is the trouble Smith Corona had around 1995 with their Ch. 11 protection but have rebounded. It notes that SCCO's losses shrank to $315,000 for fiscal first quarter ending Sept 30 versus a loss of $5.7 million for same period a year earlier. This is more than likely what brought the heavier volume and nice spike today...what we need is news, news, and more news!!! Bruiser

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