Mr. Ausnit: Companies in the imaging sector manage visual information and put that information on paper. We're perhaps pretty literal about putting things on paper, but we think it's important for investors to think about printing the images. That's where the money is made.
TWST: What do you include in your coverage?
Mr. Ausnit: In photography I cover Kodak (EK) in America, Pieter Van
Gelder covers Agfa in Europe, and Yuichi Fujimoto covers Fuji Photo Film
(FUJIY) in Japan. In printing and copying, I cover Xerox (XRX) and
George Elling covers Hewlett-Packard (HWP) and Lexmark (LXK) in the
United States. Yoshikazu Higurashi covers Ricoh (RICOY) and Canon (CAJ)
in Japan. In Europe Peter Reilly covers Heidelberg and Pieter van Gelder
covers Oc‚ (OCENY). HP and Lexmark primarily sell printers into the low
end of the office market and into the home, whereas Xerox, Oc‚, Canon
and Ricoh tend to target higher speed devices, but that is changing. In
color printing software and components I cover Electronics for Imaging
(EFII) in the US. In mail metering, I cover Pitney Bowes (PBI) in
America and Caroline Cohen covers Neopost in France. Lastly, Knut
Nilsson and I cover InFocus (INFS), a digital projector maker, and
that's the only one that doesn't really do anything with paper.
Tickers included in this excerpt: CAJ, EFII, EK, FUJIY, HWP, INDG, INFS, LXK, OCENY, PBI, RICOY, XRX
For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.