The company is targeting the rapidly growing market for Web services along horizontal market lines
, including large corporate enterprises, small businesses and workgroups, and individuals who want to deliver on-line Web-based services.
This realignment of sales along market lines
allows us to lever new opportunities as they arise," said Gunn.
Key managers have been realigned along market lines
instead of product lines, including the creation of two new business units reflecting the company's principal sources of revenues, aerospace and automotive.
The businesses formerly in Effects and Fine Chemicals and Biological Products have been restructured along market lines
with beneficial results.
Net proceeds of the issue will be used to repay debt outstanding under several money market lines
of credit and to reduce outstanding borrowings under the Canadian portion of Apache's global credit facility.
2Q03 Market Leaders Worldwide IP PBX Shipments Total Market Lines
Quarterly Growth Rate % Total line shipments (M) 1.
These lines also permit the company to borrow up to $150 million under money market lines
at lower mutually agreeable bid rates.
Other business units in Cone Decorative Fabrics, in addition to Cone Jacquards, are John Wolf and David and Dash, which also style and market lines
of decorative fabrics for the home and the furniture industry.
1Q03 Market Leaders Worldwide IP Line Shipments Total Market Lines
Quarterly Growth Rate Total line shipments (M) 1.
Our recent reengineering of the firm to deliver services through national market lines
of business will assist us in developing new services to meet the needs of our clients and accomplish our growth goal.
In addition to its line of high-quality nutritional products, including unique formulations of vitamins, minerals and antioxidants, USANA offers other wellness products and plans to market lines
of biologically-safe skin care products and environmentally-friendly household products.
The decision to reconfigure our organization across segment market lines
follows an intensive segment marketing effort over the last three quarters in which market leaders were engaged in new product development," said Ralph Schmitt, Cypress Vice President of Sales and Marketing.