Thursday, March 23, 2017

Polyworld listing.

So far in this blog, numbers of Polyworld were uploaded but there are still many missing.        Below the volumes with link are what had been uploaded.      You can view the publication in full by clicking the link.       If any of the readers come across missing (the ones without links) issues, please share it with me so that they can be uploaded.     Ken

Polyworld listing in this blog.


1992 vol.11 no.1
1991 vol.10
1990 vol.9   no.1 no.2
1989 vol.8   no.1 no.2
1988 vol.7   no.1 no.2
1987 vol.6   no.1 no.2
1986 vol.5   no.1 no.2
1985 vol.4   no.1 no.2  vol.5.no1  vol.5 no4 
1984 vol.3   no.1 no.2  vol.3 vol4 no4 winter 84-85
1983 vol.2    vol.2 no.1 spring 84  vol.2 no2 summer 84
1983 vol.1   no.1 no.2
1982 vol.1   no.1 no.2

Sunday, March 19, 2017

Polychrome GMBH 2

Polychrome GMBH 2  By Mr. Bob Gumbinner


Mr. Feist was requested to find a place in Germany for Polychrome GMBH to set up a production line for the presensitized plates. He choose a suburb of Osterode in the Harz mountains, Freiheit, because it was only a two hour drive to Berlin and he did not intend to spend more than a few days a week away from Berlin.

We had told him we needed a large supply of water. Since there was reservoir next to Osterode he told us there was plenty of water. We rented space in a building in Freiheit, Ilford, and sent several of their technical staff to help me set up the tank line in this space. What Mr. Feist either didn’t know or didn’t tell us was that the pipes that led from Osterode to Freiheit were very old and filled with deposit so the water flowed at a much less rate than we needed. Therefore, we had to install several large tanks to store water which we kept running at night and over the weekends. Ilford sent several of their technical people to help me to organize the operation and set up the tank line. We hired Mr. Mintel as the plant the plant chemist. He may have been the only German employee who was an anti-nazi.


Thursday, March 9, 2017

Article on Jeff Jacobson

Steve Gallo alerted me to an article on recent Barrons on the new Xerox 
and the new CEO, "our" Jeff Jacobson.     Thanks Steve



IN AN INTERVIEW with Barron’s, CEO Jacobson, who previously led the company’s technology-equipment business, isn’t promising miracles. The slimmed-down Xerox is expected to see revenue fall about 5% this year, to $10.2 billion, and earnings decline 3%, to $913 million, or 85 cents a share. Jacobson doesn’t expect revenue growth until 2020, and then only if Xerox can get 50% of sales from “growth” markets, up from just 37% now.          

One attractive segment is networked printer systems, through which Xerox installs and maintains all of the printers in an office, often collecting recurring lease revenue. That leads to more annuity-like purchases of items like toner and paper as well as maintenance, which together kick in 75% of Xerox’s revenue.

It will need more successful products to kick-start growth. Among the 29 slated launches, Xerox is introducing a new A4 multifunction printer, whose trim size and lower price are aimed at small and medium-size companies. It’s also investing in smart packaging that features low-cost printed memory that can authenticate a brand or the condition of the product inside, capabilities appealing to food and pharmaceutical companies.
Credited with producing, but not capitalizing on, the first home computer, Xerox is “still one of the top 20 patent-producing firms in the world,” as Jacobson notes.
Xerox must be relentless in trimming costs. Although it hasn’t specified a job-reduction target for 2017, it eliminated 4,800 positions in 2016. Already, it has beaten its first-year goal of $500 million in cost reductions by $50 million, and has a target of $600 million this year. That should help margins. Xerox’s aim this year for adjusted operating margins is 12.5% to 13.5%, versus 12.5% in 2016.
The company’s plan is to return at least 50% of free cash to investors. After paying its substantial dividend, it should have free cash flow of $145 million to $345 million in 2017. Xerox former Chief Financial Officer Leslie Varon has said that investors should expect Xerox to begin buying back stock by 2018.

Xerox shareholders would be very happy if it can emulate HP Inc.’s stock performance. Those shares have risen 42%, to $17.30, since the split, while its multiple has improved about four turns, to roughly 10 times 2018 earnings. Xerox now trades at a multiple of 8.6 times 2017 earnings.
ValueWorks’ Lemonides says that investors have put a $7 billion stock market valuation on a company that generates $10 billion in revenue and $500 million to $700 million in total free cash flow. “It’s a compelling risk/reward proposition,” he says. Assuming that Xerox can keep its turnaround on track, Lemonides thinks that it can trade at 13 to 16 times earnings in the next two years.

For sure, Xerox has its work cut out for it, with declining sales in the large enterprise printer and copier markets.
But investors are getting cheap shares and a good dividend from a large, profitable tech outfit with an interesting pipeline. Another comfort: Icahn remains Xerox’s biggest holder, with 10% of the stock, and one of his representatives sits on its board. That should keep management focused on investors.

Monday, March 6, 2017

Dr. Henry B. Linford R& D director in early 80's

Dr. Henry Linford came to Polychrome as the third Director of Research following Mr. Ibert Mellan and Dr. Delos Bown.     (Discounting the fact that Simon Chu was ever present as the de facto director of research with various ideas in the development of new products.

He was the one contacted by the court as the expert witness during our court battle against 3M as he was one of the most distinguished electro chemist at Columbia University.       An award with his name on is still being awarded today after he passed away suddenly right after our visit to Japan shortening his tenure as our director to less than a year.

See the following announcement published in 2015 by the Electro Chemical Society.


linford-hHenry B. Linford Award
Henry B. Linford was a distinguished professor of chemical engineering at Columbia University and known for his work and research in electroplating and corrosion of metals. With a Society history dating back to 1936, Dr. Linford served as ECS secretary for 10 years and president of The Electrochemical Society from 1961-62.
Through his role as an educator and work in electroplating and corrosion, Dr. Linford became one of the most highly recognized members of ECS. In 1936, Henry B. Linford was awarded the Weston Fellowship of $1,000 from The Electrochemical Society. The Weston Fellowship remains an ECS award as part of the our Summer Fellowships program. Dr. Linford was also the recipient of the Acheson Medal and Prize in 1960.
The Henry B. Linford Award for Distinguished Teaching was established in 1981 for excellence in teaching in subject areas of interest to the Society and continues the cycle of recognition.

Thursday, March 2, 2017

Polychrome Directory 1990

Al Wierling kindly offered to respond to your inquiry regarding the phone numbers and addresses of old Polychrome employees found in the 1990 Polychrome directory he found,     Here is his invitation.

From Al Wierling

I am attaching photos of an old Polychrome phone directory circa 1990. It appears to list sales, Yonkers, branch employees and many others by address and phone number by employee name. I am attaching only the first few pages, not the actually listing by employee which may not be wise given today's personal identity concerns. The list does show all branch and manufacturing locations which some of your readers may find interesting. If anyone wants info regarding a friend or co worker, I will be happy to share that with them if they email me at awierlin@bellsouth.net

regards

al wierling







Tuesday, February 28, 2017

Recent message from Bill Palafox

Bill Palafox who managed Polychrome's hardware division wrote to me updating his recent activities.       Thanks  Bill!


Hi Ken,

As always, thank you for keeping the Polychrome spirit burning!

I and my wife, Mary Lu, have spent recent good times with Mario Rufino and Rosemary Furno at their beautiful log home in the Catskills...most recently, just a couple of weeks ago.  Polychrome stories and fond memories are always on the agenda.  
We always a re-hash of OPC A, B, C, D, etc and PPN 1, 2, 3, etc. etc...Rachwal, Opti-Copy, Direct-to-plate, etc.  Then, we adjourn to the ski slopes at nearby Windham for daytime skiing and "apres" afterwards.

For us, sailboat racing is our retirement passion along with winter x-Country and downhill skiing.  Got to keep the body moving!  See photos 

Again, thank you for the Polychrome blog.

Bill Palafox

photos attached




(Hmmm! Sailing!   Something to think about when I get old enough!     Ken)

Saturday, February 25, 2017

Polychrome GMBH1

Polychrome  GMBH  1        By Mr. Bob Gumbinner

Mr. Halpern attended DRUPA in1962. DRUPA is the largest printing exhibition in the world. It is held in Dusseldorf, Germany, every four years. There are many exhibit halls some of which are as large as the New York Coliseum. I did not attend this DRUPA but went to many after that. There, Mr. Halpern met Feist and Aurich who owned a company in West Berlin that made electrically etched aluminum offset plates. These were not presensitized. The printers coated them with the light sensitive coatings. He probably also met people from Ilford. Ilford was the major producer of photographic film in England. Shortly thereafter, I went with Mr. Halpern to Wet Berlin to visit the Aufa operation, which we then bought. With Ilford putting up 40% of the money and Polychrome 60% we established a German Company, Polychrome GMBH. Leonard Dore of Ilford was made the chairman of Polychrome GMBH. I visited the Ilford plant in London. This was the first time I saw the Spiral coater. I had previously been to plants doing photographic coating where the paper or film was carried on sticks through the drying tunnel. I also went to Ilford’s paper coating facilities near Manchester, England. I remember Manchester as being a dreary place with cobblestone streets; and to get heat in the hotel room one had to put a shilling in the heater. When I went to the bar for a drink I could not understand what the local people were saying, even though they were speaking “English.” I did not have this problem in London or Scotland.