Profac to handle Lebanon's mail

Article Abstract:

Profac Management Group Ltd., a Canadian company owned by Toronto, Ontario-based Bracknell Corp. and SNC-Lavalin Group Inc., has been awarded with the contract to manage postal service for the Republic of Lebanon. Bracknell President George Ploder noted that Profac will privatize the postal service of Lebanon, establishing a new $20-million company. Under the agreement, Profac Management will control 66.7% of the new firm, with Lebanese investors controlling the remaining shares. Officials with Lebanon's Council for Development and Reconstruction stated the contract with Profac Management involves mail handling, express mail, fax and philately services.

Comment:

Is awarded with contract to manage postal service for the Republic of Lebanon

New orders received, Public Mail & Express Services, Postal Service, Lebanon, Profac Management Group Ltd.

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'Intel inside' no longer what counts

Article Abstract:

Leading microprocessor maker Intel Corp of Santa Clara, CA, has strong long-term prospects because of its track record and market dominance. The company reported a 2nd qtr FY99 revenue of $6.7 billion, lower than expected because of increasing sales in low-end chips which give less profit margins than the high-end versions. However, the company continues to benefit from its efficient manufacturing process which enables it produce millions of chips without a flaw. Intel is also planning to diversify into other areas to enhance its product line.

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Intel Corp.

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Gillette aims for the cutting edge

Article Abstract:

Gillette Co., a manufacturer of razor blades and razors headquartered in Boston, MA, is expected by analysts to improve its financial performance due to the introduction of its new razor, called Mach3. Analysts, who have given the company's stock a by recommendation, maintain that the new razor has the potential to propel the firm to greater heights and to solidify its position in the razor market. Gillette has expressed plans to spend up to C$200 million to launch advertising campaign in an effort to promote the newly-introduced razor.

Comment:

Is expected by analysts to improve its financial performance due to the introduction of its new razor, called Mach3

Cutlery and Flatware (except Precious) Manufacturing, Razor Blades & Razors ex Electric, Gillette Co., Razors

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