| Business Summary | | Smith
Corona
Corporation
has
a
century-old
reputation
as
a
provider
of
typewriters,
supplies
and
various
office
products.
The
Company
ceased
manufacturing
in
late
1997
and
has
since
been
transitioning
into
a
sales
and
marketing
organization.
Today,
Smith
Corona
sources
products
from
suppliers
in
North
America,
the
Pacific
Rim
and
Europe.
Among
the
Company's
current
products
are
electronic
typewriters
and
related
supplies,
commercial
headsets
and
inkjet
replacement
cartridges.
Smith
Corona
products
are
distributed
through
the
Company's
extensive
global
distribution
network. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Smith
Corona
Corp.,
markets,
sells
and
distributes
electronic
typewriters
and
related
supplies,
commercial
headsets,
and
inkfet
replacement
cartridges.
For
the
six
months
ended
12/31/99,
net
sales
fell
36%
to
$15.9
million.
Net
loss
decreased
67%
to
$3.9
million.
Revenues
reflect
lower
sales
of
typewriters
and
related
accessories
as
a
result
of
a
declining
market.
Lower
loss
reflects
the
sale
of
higher
margin
typewriter
supplies
and
lower
S/G/A
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Peter Parts, 46 Chairman | $187K | Martin Wilson, 39 Pres,
CEO, Chief Financial Officer, Treasurer | 219K | Michael Murray, 64 Exec.
VP, Sales and Marketing, Director | -- | Vincent Abbatiello, 38 VP
of Sales | -- | Robert Basso, 50 VP,
Marketing | -- | Dollar amounts are as of 30-June-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|