Sharp advances seen by General Computer Corp.; firm links gains to growth of claims processing in health care business

Article Abstract:

General Computer Corp looks forward to significantly increased revenues for FY 1993. Company officials expect revenue to total $17 million, a 25 percent increase from FY 1992. The increase is attributed to growth in the health claims processing business. General Computer does business with 85 percent of US pharmacies. Profits have increased because the company is able to process more claims without having to purchase additional equipment. General Computer has signed contracts with Employee Benefit Plans and General Motors Corp for prescription data processing and the company expects to handle claims at an annual rate of 70 to 75 million by the end of the fiscal year. Although General Computer expects increased competition in the health claims processing industry, company executives are confident that it will be able to maintain its market share.

Data processing and preparation, Contracts, Growth (Physiology), Data processing services, Market share, Revenue, Growth, General Computer Corp. (Twinsburg, Ohio)

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Mead to report net fell sharply in first quarter; firm blames weaker prices for some of its paper, expenses of expansions

Article Abstract:

Mead Corp will report sharply lower profit in the 1st qtr 1990 due to weak paper prices and increased expenses created by expansion plans. Mead is a forest products and electronic publishing concern; the latter business brings $400 million annually to the company. Sales are expected to rise only slightly from the $1.13 billion posted during 1st qtr 1989. Mead is attempting to branch out into the color copying business with a venture known as Cycolor, expected to launch in 1990. The company's mills are operating profitably, but questionable prices in the near future coupled with increased capacity may drive profits down in the forestry-products division. In electronic publishing, profits are expected to rise by 18 percent or so, but capital expenditures are driving costs up significantly.

Paper mills, Profits, Electronic publishing, Mead Corp., Electronic Publishing Industry, Profit, First Quarter

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Geon sees profit hurt by prices for rest of '98

Article Abstract:

Geon Co. will probably see depressed earnings for the period between August to December 1998 due to low prices for basic polyvinyl chloride resins. The resins are seeing low prices mainly as a result of the Asian economic crisis. Geon's management is expecting to post between 25 cents to 35 cents in earnings for the third-quarter of 1998. During the same period in 1997, the company posted earnings of 45 cents a share.

Comment:

Will probably see depressed earnings for the period between August to December 1998

United States, Sales, profits & dividends, Company Planning/Goals, Plastics Material and Resin Manufacturing, Vinyl Resins, Vinyl polymers, Article, Geon Co.

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