Login  |  Register          Free Newsletter Subscription
industry leaders
Subscribe to Graphic Arts Monthly
Print Spotting   


Link This | Email this | Blog This | Comments (7)


Quebecor: Markets Batter Print Too
January 22, 2008

The release is brief: Quebecor World has sought protection from creditors. The investment comunity and bankers have made their analysis that the financing deals are a no go here and in Europe, where an earlier deal to sell some units to Rotosmeets was quashed.
Despite the pretense of clinical precision, the markets and investment community are moved greatly by gut. The current turmoil in the world stock markets reflects this emotional component, which has a bad feeling about print.
Investors are looking for "happening" opportunities, a state of affairs that affects dot.com businesses as well (google=yes; yahoo=layoffs). Fast returns are sought from services, or trendy categories thought to have a future--solar power and alternative energies, for example.
And the vicissitudes of a capricious marketplace are visited upon the great and small. Apple's Steve Jobs, so dismissive of books ["No one reads," saith he of Amazon's Kindle e-Book]  watched as his stock wealth was savaged before the market verdict: his thin Mac notebook debuted at MacWorld is nice, but not enough.
Quebecor World's efforts to find funding reflect the diminishing appeal of manufacturing-based opportunities. That Montreal-based parent Quebecor, a publisher and media powerhouse, seeks to remove its name from its Q-W subsidiary is regrettable, and insulting. 
But it could leave the company with a potential fresh title, and agenda: World Inc. You can comment here, or discuss amongst others at GAM's forums.


Posted by Bill Esler on January 22, 2008 | Comments (7)


Industries: Print Management
January 23, 2008
In response to: Quebecor: Markets Batter Print Too
A former Employee commented:

This situation can come as no surprise to anyone familiar with current and previous Management. The list of incompetent Executives is long. PKP only needs to look in the mirror. Wes Lucas was not the best choice either but was implimenting PKP's plan. A very sad situation for our friends at QW. I hope they come out of this stronger and with a new Management team who understand printing and how important the people on the floor are to a company. Treat the employees with respect and compassion and they will make you rich.




January 23, 2008
In response to: Quebecor: Markets Batter Print Too
Warren B. Funnell commented:

See what happens when price is the only advantage? Canadian Dollar at par make the playing field a lot leveller. Now let's get the Carmakers back.




January 23, 2008
In response to: Quebecor: Markets Batter Print Too
Wayne Perry commented:

Quebecor indulged in check book expansion when it bought world color. For the obvious reason of wanting to boast it was the worlds largest printer. It was strangely reminiscent of Quebecor earlier and faild check book expansion a decade previous buying up droves of text printers for the computer manual market, which disappeared. The timing of the world color buyout seemed an odd coincidence. Odd that in Canada there was the last flare up of the Quebec seperatist party and it seemed, with no validation whatsoever, that Quebecor was hedging its bets by buying up U.S. assets, just in case. We will never know.




January 23, 2008
In response to: Quebecor: Markets Batter Print Too
Jobless Soon commented:

The writing was on the wall before Wes Useless came aboard..he was just the final nail.The company was and is being run by the good old boys club....salesmen,and I use this word loosely,were and still are order takers,only looking out for each other..looking out for themselves only,thinking they were the only ones entitled to make money..while giving the store away.Some of these clowns have ended up at RRD....hopefully they will see through these guys.




January 23, 2008
In response to: Quebecor: Markets Batter Print Too
richard dean commented:

--anytime a company says, 'don't lose a job because of price' you know eventually they will have problems, and the morons who said that also practiced it---




January 24, 2008
In response to: Quebecor: Markets Batter Print Too
David Schwalje commented:

Quebecor had and still has great people at the plant level. These were the glory years of transforming the production of print and the communication of the process between all those involved, and the people at the plant level did a superbe job. Had World Color (instead of Quebecor) been in control as top dog in the executive suite, I think the endgame would have a different result.




January 24, 2008
In response to: Quebecor: Markets Batter Print Too
Atlantic Tool Company commented:

I built my company with the help of many Quebecor divisions. I have had help from both management and bindery operators in the designs of our spine prep saws and roughers. These are folks that care about doing a good job...and that is the core of any company, big or small. I owe a lot to Quebecor and its family of hard workers. Sincerely, Joe Wilson Atlantic Tool Company Weymouth, MA





POST A COMMENT
Display Name or Registered Users Login Here.
Please restrict submissions to less than 7,000 characters (including any HTML formatting).

Before submitting this form, please type the characters displayed above:


Advertisement

Advertisements




linkExperts


About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   FREE Subscription   |   Industry Links   |   RSS
© 2008 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites