Log In | Become a Member | Contact Us

Leading printing executives into the future

Connect on Twitter | Facebook | LinkedIn

Featured:     European Coverage     Production Inkjet Analysis

Creo Tenders Equity Stake in Printcafe

Friday, October 31, 2003

Press release from the issuing company

VANCOUVER, British Columbia--Oct. 30, 2003--Creo Inc. announced today that it received cash consideration for its remaining equity stake in Printcafe Software, Inc. of approximately 4.7 million common shares and received payment for the outstanding loan to Printcafe of US$11.8 million. The net proceeds to Creo will be approximately US$22.1 million. The disposition of the equity will result in a one-time estimated increase of 18 cents per share in GAAP earnings in the 2004 fiscal first quarter ended December 31, 2003. The recurring interest income of 2 cents per share seen in past quarters will be reduced to 1 cent per share in GAAP earnings in the 2004 fiscal first quarter due to the early repayment of the debt previously due in January 2004.




Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2016 WhatTheyThink. All Rights Reserved