H-P launches new computer scanner; model spells trouble for besieged office-copier sales

Article Abstract:

HP's introduces the HP ScanJet 4Si scanner, priced around $3,000, that could cause a further decline in the sales of office copiers. The HP ScanJet 4Si scanner is capable of scanning up to 15 documents per minute. It is designed to connect to an entire network, as opposed to a single computer, which will allow users to quickly access any scanned documents. The $3,000 scanner offers a range of features and performance levels that rivals machines that sell for $10,000. The office-copier market has been under intense pressure from low-end laser printers, and the new HP scanner could further erode the copier market, which is estimated to be about $27 billion. Analysts predict that scanners like the HP ScanJet 4Si will cause the copier market to peak in 1997 at around 1.8 million units. Copier makers such as Xerox Corp and Canon Inc are fighting back with new, all-in-on machines that combine printer, fax machine, copier and scanner functions.

Optical Instrument and Lens Manufacturing, Optical instruments and lenses, Optical Scanners, Computer hardware, Product introduction, Product Announcement, Computer peripherals industry, Hewlett-Packard Co., HWP, Scanning devices, Flatbed scanners, Hardware product introduction, Flatbed gray-scale scanner, HP ScanJet 4Si (Flatbed gray-scale scanner)

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McCaw Cellular's loss narrowed in first quarter

Article Abstract:

McCaw Cellular Communications Inc posts a 1st qtr FY 1993 loss of $14 million, or seven cents per share, on revenue of $480 million. In 1st qtr 1992, McCaw posted a restated loss of $99.1 million, or 56 cents per share, on revenue of $374.7 million. Despite strong growth, McCaw has reported a series of quarterly losses because of large debt taken on to finance expanding cellular-telephone operations. McCaw's stock jumps from $36.75 to $37.75 on Apr 29, 1993, the day the results are announced. The results apparently allayed investors' fears that a lawsuit linking cellular-phone use with cancer might batter cellular stocks. In a separate development, McCaw announces that it sold approximately 14.5 million shares of Class A common stock for $400 million to AT and T as part of AT and T's effort to take a 33 percent stake in McCaw.

Radiotelephone communications, Television broadcasting stations, Finance, Cellular telephone services industry, Cellular telephone services, AT&T Wireless Services Inc., Cellular Radio, Financial Report, MCWA, First Quarter

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Fiber-optics firm 360networks posts moderate gains in its IPO

Article Abstract:

360networks Inc. raised $1.45 billion in its initial public offering, garnering $647.9 million from securities and $800 million from debt. The fiber-optics network company's chief Greg Maffei didn't want to wait for a volatile market to stabilize because 360networks plans to build a vast communications network across North America and Europe, having already laid 17,000 miles of fiber to date. 56,300 more miles are planned by late 2002.

Other Communications Equipment Manufacturing, Fiber Optics Systems & Equip, Securities issued, listed, Communications equipment, not elsewhere classified, British Columbia, Analysis, Management, Fiber optic networks, Securities, Fiber optics industry, Going public (Securities), Initial public offerings, Company public offering, Maffei, Gregory B., 360networks Inc.

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