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January 26, 1989

GRAPHIC SCANNING IS NO LONGER FOR SALE

By CBR Staff Writer

Graphic Scanning Corp, the paging and telecommunications company in Englewood, New Jersey, is no longer for sale, and it has a new president and chief executive, Robert Cymbala from consultants Booz, Allen & Hamilton: the company made a loss at the operating level in the year to June, but showed a net profit of $48m by virtue of having sold some cellular franchises, on turnover of $116m; Cymbala reckons the company has excellent potential and is committed to growing it at a rate to match at least, and perhaps exceed, the 15% annual growth rate of the telecom market.

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