Re: 3D Systems

From: James P. Harrison (harrjp@juno.com)
Date: Mon Nov 08 1999 - 16:15:45 EET


I hope this means that the SLA-250 and the SLA-500 will get upgrades!

Jim

James P. Harrison e-mail: harrjp@juno.com
Director Of Operations Phone: 954-972-9906
3Dimensional Engineering Fax: 954-972-8903
2991 N. Powerline Rd. Web: www.3de.net
Pompano Beach, FL. 33069

On Fri, 5 Nov 1999 15:29:26 EST AHastbacka@aol.com writes:
> FYI
>
> 3D Systems Announces New Operating Plan
>
>
> VALENCIA, Calif.--(BUSINESS WIRE)--Nov. 5, 1999--3D Systems Corp.
> (Nasdaq:<A
> HREF="aol://4785:TDSC">TDSC</A>) today announced the rollout of a
> new
> operating plan aimed at strengthening the company's financial
> condition, and
> positioning the company for future growth.
>
> The strategy consists of four major initiatives:
>
> - Reducing overhead to improve profitability;
>
> -- Refocusing sales and marketing efforts toward identifying and
>
> responding to customers' manufacturing needs;
>
> -- Redirecting R&D efforts to concentrate upon developing and
>
> expanding applications for the company's existing product line;
>
>
> and
>
> -- Consolidating the company's European operations into a single,
>
> unified business entity.
>
> "We are already implementing significant cost reductions in order to
>
> stabilize the company's expenses," stated Brian Service, president
> and chief
> executive officer. "Fortunately, only a minor portion of these
> reductions are
> employee-related."
>
> "We are making a switch from a technology-driven company, to a
> market-driven
> company," added Clark Hardesty, vice president of sales and
> marketing. "Our
> goals and objectives will be more closely aligned with our
> customers' needs,
> and our product management team will be heavily involved in the
> entire
> process -- from the initial customer analysis, to targeting and
> implementing
> enterprise solutions."
>
> Chuck Hull, the company's founder and chief technology officer, will
> be
> leading the R&D initiatives, which will involve developing
> applications that
> expand the value and uses of the company's products. "Similar to our
> sales
> and marketing efforts, we intend these applications to be
> customer-focused,"
> commented Hull.
>
> Grant Flaharty, vice president and general manager, 3D Systems
> Europe, will
> head the consolidation of European operations. Through this
> reorganization,
> the company expects to realize cost efficiencies and tax benefits,
> streamline
> communications, and improve sales activity in that region.
>
> "Opportunities exist for us to improve margins on many products and
> services," stated Marty McGough, vice president of worldwide
> operations, "and
> we believe we are now focused to attack these opportunities."
>
> "All of these actions are expected to improve the company's
> performance and
> set 3D Systems on a solid course for the future," stated Service.
> "We are
> confident in our products, strategy and our management team, and
> believe that
> these efforts should produce long-term benefits for the company."
>
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