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    From AECbytes
    Newsletter #58

    May 31, 2012
    Article Summary
    This article
    continues with the descriptions of the products and services offered by AEC
    technology vendors at the recent AIA 2012 Convention and Expo that was held in
    Washington DC from May 17 to 19. It looks at what was exhibited by established
    vendors like Autodesk, Bentley, IES, Trelligence, and Cadalog; newcomers to the
    show including SMART Technologies and SmartBIM; and some additional highlights
    relevant to AEC technology.
    Article Link


  • HERE’S THE BEGINNING OF SEAN’S ARTICLE:
    Commentary
    & Analysis
    The Future of Inkjet Printing – post drupa review
    By Sean Smyth 
Published: May
    29, 2012
    The inkjet
    printing market is valued at $33.4 billion in 2011 and forecast to grow to
    $67.3 billion in 2017, according to Smithers Pira, the worldwide authority on
    the packaging, print and paper supply chains.
    According
    to our new study (http://www.smitherspira.com/future-of-inkjet-printing-to-2017.aspx)
    inkjet is growing because it provides significant advantages across many supply
    chains. The developments shown at drupa further cement and will accelerate more
    widespread adoption.
    Inkjet
    printing is not a discrete market, and the technology is used in many diverse
    graphics, packaging and industrial applications using very different types of
    equipment and materials. Inkjet is used in textile printing, in industrial
    decoration for glass, ceramics, flooring and synthetic building materials. It
    is used in manufacturing display screens, photovoltaics and some electronic
    products and there is great potential for inkjet to be used as a manufacturing
    process for precisely applying small quantities of material in additive
    deposition processes.
    This
    inherent flexibility has attracted the attention of many leading print
    equipment suppliers and they have invested a great deal of money to develop new
    printing systems, much more than in any other printing technology. The prize is
    not just a press sale; there is the very lucrative ink and service over the
    life of a press with attractive margins available on inks.
    Global
    trends
    Dynamic
    markets
    High-volume
    personalisation
    New
    market study
    YOU CAN ACCESS THE FULL ARTICLE AT THIS LINK:
    Sean Smyth
    is print consultant at Smithers Pira, the worldwide authority on the packaging,
    paper and print industry supply chains (www.smitherspira.com)
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    (A “heads-up” about this article came from David Brownell)
    “Danbury
    printers leave legacy”
    Article
    by Robert Miller
    bmiller@newstimes.com;
    203-731-3345
    Published
    11:58 a.m., Sunday, May 27, 2012
    DANBURY,
    CT — There is grass growing in the parking lot of RR Donnelley,
    the printing plant that announced last week it would close, laying off
    150 workers.
    It was not always that way. In its heyday, the company had more
    than 350 employees and was always busy.
    “We ran three shifts, seven days a week,” said James Heussner,
    assistant treasurer and controller of the company when it went by the name of Danbury Printing
    & Litho
    .
    “That’s too bad,” Heussner, 77, said when told the plant
    was closing. But in a world where everything is online, printing is not
    thriving. Donnelley, based in Chicago, and the largest printing company in
    North America, has been closing plants across the continent in the last
    few years.
    “It isn’t making a lot of money,” Heussner said from
    Florida, where he now lives. “And the state of Connecticut isn’t making
    things any better with its taxes.”
    The closing marks the end of a company with a history
    stretching back to 1931, when the Previdi family owned a printing company. It
    first began to grow after 1946, when Eugene Previdi
    bought the family business from his brother, John.
    Eugene eventually changed the company name from Modern Printery
    to Danbury Printing & Litho.
    “He added lithography to the business,” said Eugene’s
    son, Eugene Jr. Even after he retired, the elder Eugene went to work and ran
    the company’s Linotype and letterpress presses.
    The company grew. Instead of one shop on Thorpe Street, it
    added a second location near Danbury Airport,
    then a third on Backus Avenue.
    The company’s rise was the work of Cecil Previdi, also Eugene’s
    son, who had worked in the presses since he was a teenager. A graduate of the Rochester
    Institute of Technology
    , he became the president of Danbury Printing
    & Litho. He invested in new technology and the best workers available.
    “He’d go to RTI and get the cream of the crop,” Eugene
    Previdi Jr. said of his brother.
    The company consolidated its business in the Prindle Lane
    facility in 1978. It invested in Harris presses — then state-of-the-art. It
    had nationally known clients.
    “I would say our two biggest were Time-Life Books and
    American Express,” said Heussner.

    The company also printed materials for the Sotheby’s
    auction house, for Avon and Reader’s Digest. It had a close working
    relationship with Grolier Inc.,
    the publisher with headquarters in Danbury. Danbury Printing & Litho had
    its own training program for printers, buyers and art directors.
    “It had a great customer service department and great
    printers,” Heussner said.
    But in 1987, Danbury Printing & Litho suffered a huge shock
    when a company plane crashed in southern Wisconsin.  Cecil Previdi, then 44, was killed in the crash.
    In all, eight people died — six employees of Danbury Printing & Litho and
    two from Webtech, an Illinois company.
    Previdi’s widow, Melissa, who was director of sales and
    marketing, took over as president. She kept the Previdi name in the company
    until 1994, when Banta Corp., a national printing firm, bought the Danbury
    plant from the Previdi family.
    In 2007,
    RR Donnelley bought Banta.
    After
    five years, it closed the place down — which is terrible news for its 150
    employees
    and an occasion for melancholy for those who knew the company
    in its prime.
    “It was an interesting place to work,”
    Heussner said.

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    New BPOL-NG features
    include multi-language support, document approval workflow, and iPhone support.
    Enhancements provide for a more efficient user experience navigating interface.
    Washington, DC—May
    24, 2012—ABC Imaging, a printing and document technology company based in
    Washington, DC announced today that it has released an upgrade to
    BlueprintOnline-Next Generation (BPOL-NG).
    You can access the
    full press release at www.abcimaging.com,
    then click on press releases (it’ll be posted sometime tomorrow)

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    AECbytes Newsletter
    #57
May 24, 2012 (article by Dr. Lachmi Khemlani)
    Article Summary
    Last week, I attended
    the AIA 2012 Convention and Expo that was held in Washington DC from May 17 to
    19. The theme of the Convention this year was “Design Connects,” and while
    there were a lot of interesting keynote presentations and sessions, I did not find
    them very compelling from an AEC technology perspective or featuring a highly
    reputed personality like Tom Friedman, who was one of main keynote speakers at
    last year’s convention. As a result, I devoted all my time at the Convention to
    exploring the technology products on display at the Expo, which resulted in a
    more detailed understanding of new products and updates. Unlike earlier AIA
    articles which provided a brief overview of most of the products that were on
    display, this two-part series of articles on the AIA 2012 Convention provides
    more detailed descriptions of the products and services offered by the AEC
    technology vendors that I visited.
    In the current
    article, we will explore a new pedestrian simulation software integrated into
    Vectorworks that seemed to be nicely representative of using computational
    power for more advanced and intelligent tasks, the enhancements in Bluebeam’s
    new release, Revu 10, for PDF generation, review, and collaboration, and the
    many enhancements in ArchiCAD 16 that is being released by Graphisoft later
    this month,. We will also look at the several new iPad apps that were on
    display this year, suggesting that this new medium is taking off in AEC. The
    second article on the AIA Convention that will be published next week will look
    at what was shown at the AIA 2012 Expo by established companies like Bentley,
    Autodesk, Trelligence, IES, Cadalog, and Axium; newcomers to the show such as
    Smart Technologies, SmartBIM, and Archability; and some additional highlights
    relevant to AEC technology.
    Article Link

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    Posted
    10:40AM 05/24/12
     
    American Reprographics (NYS: ARC) reported earnings on
    May 8. Here are the numbers you need to know.
    The 10-second takeaway

    For the quarter ended
    March 31 (Q1), American Reprographics missed estimates on revenue and beat
    expectations on earnings per share.
    Compared to the prior-year
    quarter, revenue dropped slightly and GAAP loss per share improved.
    Gross margin dropped,
    operating margin improved, and net margin dropped.
    Revenue details

    American Reprographics
    reported revenue of $103.6 million. The three analysts polled by S&P
    Capital IQ foresaw sales of $106 million on the same basis. GAAP-reported sales
    were 2.8% lower than the prior-year quarter’s $106.5 million.
    Source: S&P Capital
    IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to
    maintain comparability with estimates.
    EPS details

    EPS came in at $0. The two
    earnings estimates compiled by S&P Capital IQ predicted -$0.01 per share.
    GAAP EPS were -$0.11 for Q1, against -$0.08 per share for the prior-year
    quarter.
    Source: S&P Capital
    IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with
    estimates.
    Margin details

    For the quarter, gross
    margin was 30.8%, 50 basis points worse than the prior-year quarter. Operating
    margin was 3.7%, 290 basis points better than the prior-year quarter. Net
    margin was -4.7%, 130 basis points worse than the prior-year quarter.
    Looking ahead

    Next quarter’s average
    estimate for revenue is $113 million. On the bottom line, the average EPS
    estimate is $0.01.
    Next year’s average
    estimate for revenue is $431.1 million. The average EPS estimate is $0.09.
    Investor sentiment

    The stock has a four-star
    rating (out of five) at Motley Fool CAPS, with 566 members rating the stock
    outperform and 36 members rating it underperform.
    Among 202 CAPS All-Star
    picks (recommendations by the highest-ranked CAPS members), 192 give American
    Reprographics a green thumbs-up, and 10 give it a red thumbs-down.
    Of Wall Street
    recommendations tracked by S&P Capital IQ, the average opinion on American
    Reprographics is outperform, with an average price target of $9.17.
    Over the decades, small-cap
    stocks like American Reprographics have provided market-beating returns,
    provided they’re value-priced and have solid businesses.

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    Article from the Daily
    Journal of Commerce Oregon – “the business of building”
    “Blueprints: a dying industry?”
    POSTED: Tuesday, May 22, 2012 at 01:55 PM PT
    Mike Amato’s office on Northwest Yeon Avenue tells a story about a long and active
    career. Statuettes from Greece, Italy and Israel sit next to volumes of photo
    albums documenting various travels. On the wall, a card with Muhammad Ali’s
    scribbled name sits next to a framed picture of the boxing legend, which Amato
    obtained shortly after encountering him in a Lloyd District hotel restroom many
    years ago.
    Amato is proud of those stories, as
    he is of his work as CEO and founder of Willamette Print
    & Blueprint
    ,
    a reprographics producer that specializes in
    construction plans.
    “It’s fun watching these projects
    come together,” Amato said. “For instance, I did the west-side light rail – a
    huge project – and the second biggest tunnel project at the zoo. We did all
    that. It’s fascinating to be a part of the city growing. We’re there; we’re at
    the beginning.”
    But that work and his various
    souvenirs now share a common quality: they are, increasingly, testaments to a
    bygone era.
    As technology advances and
    contractors switch to digital plans and specifications, reprographics companies
    are taking revenue hits … and being forced to rethink their business models.
    John Russo, owner of J2 Blueprint
    in Vancouver, Wash.,
    said the industry has gone from a system of print and
    distribute to a new system of distribute and print.
    “A mechanical contractor can go
    online and only print out the ‘M’ sheets, or an electrical contractor may only
    want the ‘E’ sheets. It used to be that all of that paper would go out and
    blanket everybody with the bid. Now, all the information is posted online for
    everyone’s access and if you want to print paper, do it yourself on your own
    damned device,” Russo said with a laugh. “It’s cut a big slice out of (our
    business).”
    Russo remembers the first blue-page,
    white-line plans that gave blueprints their name in the 1950s. An ammonia-based
    process with diazo pages (light-sensitive opaque paper with a diazonium coating)
    followed in the 1960s.
    “In those days you had architects
    drawing on a translucent piece of paper, and any areas not protected by the
    opaque lines from their pencil on the original … that area on that
    photo-sensitive material was lost,” he said. “That latent image remained and
    then it went through ammonia to develop your image and that’s where you got
    your blue line.”
    Blueprint machines consumed a lot of space, and
    often required workers at multiple shops to work late nights to meet deadlines.
    Amato remembers when Reynolds High School went out to bid in the 1970s. The
    company sent out some 200 complete sets of drawings and specifications to
    contractors just for the bidding process.
    But by the 1990s, contractors’
    offices began to gain private printers with the ability to print out
    wide-format drawings. The final nail in the coffin arrived by 2005: online plan
    rooms.
    The increasing use of design-bid
    processes and higher resolution plans (visible on smaller, half-size sheets)
    added to the demise of printing. Amato said his company nowadays is lucky if a
    job requires 12 complete sets.
    “Where years ago we would do millions
    of square feet (of printing) in a given month, now as an industry we’re down
    more than half of that,” said Phil Guzie, co-owner and CEO of Precision
    Images
    , which has branches at Southeast Sandy Boulevard and
    Southwest Washington Street.
    Guzie had to close facilities in
    Vancouver and Lake Oswego. He expects that when business picks up again, it
    will take place in space with half the square footage and require half the
    staff as before.
    Today, reprographers manage, archive
    and disseminate plans as addendums, requests for information and change orders
    pop up. Neil Humphrey, president of Willamette
    Print & Blueprint
    , said the company manages about 1,000 jobs at any
    given time. Its plan room, which previously held rolls of blueprints, now
    houses server cabinets.
    Jon Grasle, purchasing manager at Hoffman
    Construction
    , said the company formerly spent tens of thousands
    of dollars distributing plans for each job. Now it spends a fraction of that
    and instead relies on reprographers to manage the document flow.
    American
    Reprographics Co.
    (formerly Ford Graphics in Portland)
    handles Hoffman’s invitation-to-bid system. ARC, one of the nation’s
    largest reprographers, at the end of the first quarter for 2012 posted net
    revenue of $103.5 million – a year-over-year decline of $2 million.
    Guzie said management of the flow of
    information provides additional revenue, but not enough to replace printing
    losses. So he and his colleagues now sell or lease to contractors the very
    machines that once characterized their businesses.
    “It’s like we’re selling them the
    gun to shoot us with,” Amato chuckled. “But if we don’t, someone else will.”
    Companies are seeking color printing
    opportunities – posters, signs and billboards. However, Building Information
    Modeling systems and applications for viewing plans on handheld tablets still
    pose big question marks for the industry.
    “I’m 48 years old and I love my iPad,” Guzie said,
    adding that new military-grade tablets will make paper drawings a hard sell. “I
    can’t blame the general contractors because it makes sense. So we’ll just have
    to figure out new revenue streams.”

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    By Dr. Joe Webb
    on May 21st, 2012

    On
    Friday, May 18, the Commerce Department issued its annual revisions to
    manufacturer shipments. The revisions reached back all the way to 2001, with
    minor revisions to seasonality and little change to annual shipments. Starting
    with 2009, however, there were significant downward revisions.

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    Just noticed that Ken Sandlin is currently seeking a
    new opportunity.

    For those of you who do not know Ken, he’s a very knowledgeable person.
    Ken’s prior employment –
    experience – (per his profile on LinkedIn):
    January
    2010 – May 2012 (2 years 5 months)
    January
    2007 – March 2010 (3 years 3 months)
    A&E was acquired
    by Thomas Reprographics in January 2007.
    December
    1998 – March 2010 (11 years 4 months)
     
    September
    1987 – December 1999 (12 years 4 months)
     
    January
    1987 – January 1995 (8 years 1 month)

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    First share purchase since January 6, 2012.

    I’ve done several previous posts on
    Reprographics 101 about Stadium Capital continuing to build its position in ARC
    shares.  Today is yet another “update post.”
    Since the last time I posted about Stadium
    Capital’s ownership (and purchases) of ARC shares, Stadium Capital has
    completed one additional purchase of ARC shares.  Here’s the latest table reflecting Stadium
    Capital’s purchases of ARC shares from August 23, 2011 through May 14, 2012 (Last SEC Form 4 filing was May 16, 2012).
    Stadium Capital had amassed 4,646,321 ARC
    shares prior to August 23rd, 2011, and I’m pretty sure that
    those earlier share purchases were completed when ARC’s stock price was
    substantially higher than it’s been since last August.
    Transaction
    Date
     Purchase Price
    #
    of Shares Purchased
    #
    of shares owned, after purchase
    Approx
    %age of O/S Stock Owned
    8/23/11
     $3.79
    30,600
    4,676,921
    10.12%
    8/24/11
     $3.88
    17,991
    4,694,912
    10.16%
    8/25/11
     $3.80
    244,000
    4,938,912
    10.69%
    9/2/11
     $3.54
    29,315
    4,968,227
    10.75%
    9/6/11
     $3.45
    1,833
    4,970,060
    10.75%
    9/8/11
     $3.57
    6,591
    4,976,651
    10.77%
    9/9/11
     $3.49
    11,641
    4,988,292
    10.79%
    9/12/11
     $3.54
    17,256
    5,005,548
    10.83%
    9/20/11
     $3.56
    13,737
    5,019,285
    10.86%
    9/21/11
     $3.50
    9,170
    5,028,455
    10.88%
    9/26/11
     $3.47
    5,500
    5,033,955
    10.89%
    9/28/11
     $3.33
    27,524
    5,061,479
    10.95%
    9/29/11
     $3.29
    22,203
    5,083,682
    11.00%
    9/30/11
     $3.35
    41,019
    5,124,701
    11.09%
    10/3/11
     $3.20
    18,348
    5,143,049
    11.13%
    10/17/11
     $3.64
    15,497
    5,158,546
    11.16%
    11/1/11
     $3.89
    2,201
    5,160,747
    11.17%
    11/9/11
     $4.29
    14,605
    5,175,352
    11.20%
    11/15/11
     $4.30
    804
    5,176,156
    11.20%
    11/16/11
     $4.34
    8,304
    5,184,460
    11.22%
    11/17/11
     $4.28
    5,225
    5,189,685
    11.23%
    11/23/11
     $3.99
    10,669
    5,200,354
    11.25%
    11/29/11
     $3.94
    2,517
    5,202,871
    11.26%
    12/5/11
     $4.29
    143,472
    5,346,343
    11.57%
    12/6/11
     $4.14
    1,718
    5,348,061
    11.57%
    12/7/11
     $4.25
    9,169
    5,357,230
    11.59%
    12/8/11
     $4.18
    14,805
    5,372,035
    11.62%
    12/30/11
     $4.60
    9,600
    5,381,635
    11.64%
    1/6/12
     $4.55
    11,104
    5,392,739
    11.67%
    5/14/12
     $5.08
    10,851
    5,403,590
    11.69%