Archives for February 23, 2011

RadioShack sees sales increase in fourth quarter

RadioShack Corp., Fort Worth, Texas, reported net sales and operating revenues for the 2010 fourth quarter ended Dec. 31, 2010 increased 3.8 percent to $1.37 billion, compared to $1.32 billion for the 2009 fourth quarter. Net income for the fourth quarter decreased to $57.0 million, compared with net income of $75.7 million reported for the same period last year. Comparable same-store sales for U.S. company-operated stores and kiosks increased 1.3 percent during the 2010 fourth quarter, compared with the 2009 fourth quarter.

Total net sales and operating revenues for 2010 increased 4.6 percent to $4.47 billion, compared to $4.28 billion for the 2009 full year. Full-year net income for 2010 increased 1.1 percent to $206.1 million compared with net income of $205.0 million reported last year.

Cewe Color announces record sales for 2010

Cewe Color Holding AG, Oldenburg, Germany, has announced preliminary unaudited results for the 2010 fiscal year. According to a press release, sales increased 9 percent to a record level of Euro 446.8 million (US-$ 612.1 million), significantly beyond the management’s forecast, which was in the range of Euro 420 to 430 million (US-$ 557.4 to 589.1 million).

The operational result increased 50.9 percent to Euro 28.2 million (US-$ 38.6 million); earnings before taxes rose 57.4 percent to Euro 26.4 million (US-$ 36.2 million). The net result soared from Euro 6.7 million (US-$ 9.2 million) in 2009 to Euro 13.7 million (US-$ 18.8 million). Earnings per share more than doubled from Euro 1 (US-$ 1.37) to Euro 2.02 (US-$ 2.78), matching the management’s forecast.

“In addition to our innovative dynamics and intensified marketing activities, our investments in a high-performance industrial scalable production are paying off,” commented Dr. Rolf Hollander, CEO of Cewe Color Holding AG. “In the coming years, we want to continue our value-oriented growth driven by the Cewe Photo Book and the development of a commercial digital printing business.”

In the fourth quarter of 2010, sales of Cewe Color grew by 17.7 percent to Euro 150 million (US-$ 205.5 million), resulting in a record for the full year. Sales of the Cewe Photo Book increased 19 percent to 4.3 million pieces in 2010; other value-added photo products also contributed to the company’s growth (photo calendars +45 percent, greeting cards +57 percent and wall decoration articles +90 percent). Turnover per image processed increased from 0.122 Euro (US-$ 0.167) in 2009 to Euro 0.135 (US-$ 0.185), while the total number of images processed declined slightly by 3.8 percent to 2.5 billion units, but exceeded the forecast of 2.35 billion images. The number of analog pictures processed decreased 34 percent to 368 million prints in line with the market development. Analog photo processing accounted for only 15 percent of the total volume at Cewe Color in 2010.

For 2011, Cewe Color expects further growth with sales in the range of Euro 447 to 460 million (US-$ 612.4 to 631.4 million) and an operational result (EBIT) in the range of Euro 28 to 31 million (US-$ 38.4 to 52.5 million). Earnings per share are expected in the range of Euro 2.36 to 2.80 (US-$ 3.23 to 3.84).

The management of Cewe Color has issued a proposal to the company’s Supervisory Board and General Meeting to increase the dividend fpr shareholders. In 2009, the dividend was Euro 1.05 (US-$ 1.44).

March dates for Canadian Photoshop seminars

Guy Cowan

PMA Canada is cooperating with Guy Cowan to bring the Irish Photoshop specialist’s two-day seminars to Canada next month. Cowan travels worldwide demonstrating his retouching and post-production techniques.

PMA has organized a discounted day rate for members of $120 for each full day seminar. For more information go here.

Cowan started his career in the print/scanning industry and is recognised worldwide as a leading authority on digital retouching, amassing a wealth of experience during his 25 years working in the creative industry. His logical, unique approach and relaxed style of delivery is tickled by a wicked sense of humor to make the learning experience memorable and highly enjoyable.

The Canadian dates: March 14-15, Vancouver, British Columbia; March 17-18, Toronto, Ontario; March 21-22, Montreal, Quebec.

The first day’s seminar, Processing Workflow, will demonstrate post production workflow and action, enabling adjustment and editing images, including RAW files, with speed and accuracy. Cowan’s workflow will save time from the mindless repetition of the conventional post-production manipulation process.

The second day’s seminar, Creative Retouching, will see Cowan deliver an understanding of how to radically improve everything you do with Photoshop, and teach how to retouch in a truly intuitive, creative, non-destructive manner.

HP reports increased first quarter 2011 results

HP, Palo Alto, Calif., announced financial results for its first fiscal quarter ended Jan. 31, 2011. Net revenue of $32.3 billion was up 4 percent from the prior-year period both as reported and in constant currency.

HP saw balanced growth in the first quarter across all regions in local currency, with accelerated growth in BRIC countries (Brazil, Russia, India and China). Results were largely driven by momentum in the commercial sector as businesses continued to spend on technology. HP experienced uneven consumer performance across its geographies and product categories during the quarter.

First quarter revenue was up 6 percent in the Americas to $14.4 billion. Revenue was flat in Europe, the Middle East and Africa and up 7 percent in Asia Pacific to $12.1 billion and $5.8 billion, respectively. When adjusted for the effects of currency, revenue was up 5 percent in the Americas, up 4 percent in Europe, the Middle East and Africa and up 2 percent in Asia Pacific. Revenue from outside of the United States in the first quarter accounted for 65 percent of total HP revenue, with revenue in the BRIC countries increasing 11% while accounting for 11 percent of total HP revenue.

Imaging and Printing Group (IPG) revenue grew 7 percent year over year with a 17.0 percent operating margin. IPG delivered strong performance across the business with share gains in all printing categories and 33 percent year-over-year growth in commercial printer hardware units. IPG continued to drive innovation and momentum with the new ePrint platform, graphic arts and other commercial print solutions.

Aviation focus of L.A. gallery exhibition

Robert Hoyt: "Pan American Clipper," at the Autry National Center. Courtesy Stephen White

UPDATED: The fantasies and realities of flight and space exploration depicted through art and photography in the West and around the world go on display in the Autry National Center’s “Skydreamers” exhibition, April 29 – Aug. 21, now at the larger George Montgomery Gallery. The great journey of discovery and its unifying impact on all of us as eyewitnesses will unfold through approximately 150 items, principally original high-quality photographs, as well as works on paper, paintings, posters, and memorabilia drawn primarily from the extensive collection of flight and space material in the Stephen White collection.

Artistic works in Skydreamers will showcase the inception of human flight in the early 1780s when the Montgolfier Brothers captured the popular imagination with their development of a balloon that would ascend over the city of Paris. Once airplanes appeared on the horizon, artists were attracted to the shapes, forms, and perspectives aviation offered. Photography, barely out of its infancy, became the preferred medium of artists such as Alfred Stieglitz, Margaret Bourke-White, and abstract photographer Aaron Siskind. Contemporary artistic interpretations of space by artists including Sharon Harper, Michael Light, David Malin, Michel Benson, Jennie Okun, Robert Weingarten, and others will also be on display.

Imagery of Southern California’s contributions will be recognized with the first balloon ascension in that state around 1871, and the first aviation meet in America held at Dominguez Hills near Los Angeles in January 1910. Photos from other air meets also will be included.

Various achievements in the progress of flight will be highlighted through photographs of early fliers and planes as well as those of the first flight across the United States by Cal Rodgers in 1911 and Lindbergh’s transatlantic flight. Aerial photographs of active battlefields, cities, and atomic explosions will lead into space photography including the crowning achievement – a photograph of the earth taken from the moon. Plus, Voyager 1 images of the “pale blue dot” give visitors a chance to see Earth in perspective with the rest of the universe. This will be complemented by images of Mars, Jupiter, and Saturn, leading up to the final image of the 2004 Hubble Telescope’s Ultra-Deep Field, the deepest image of the universe ever taken, on view in a darkened area of the exhibition.

With the move to a larger venue, the exhibition will include more images including one of the interior of Howard Hughes’ “Spruce Goose” during construction. The Autry National Center itself is located in Los Angeles, Calif.