Estate of Josephine T. Thompson, Deceased, Carl T. Holst-Knudsen and the Bank of New York, Executors - Page 9

                                        - 9 -                                         
          exactly on which dates TPC’s various directories became available           
          on the Internet.                                                            
               At TPC’s 1996 annual stockholder meeting, Holst-Knudsen gave           
          a speech in which he acknowledged that the rapid advancements in            
          technology created uncertainty for the future of TPC, but in                
          which speech Holst-Knudsen also stated that the technological               
          advancements that were occurring constituted a “great”                      
          opportunity for TPC.                                                        
               A colorful excerpt from a January 1998 TPC publication                 
          comments on the positive manner by which TPC’s management, as of            
          early 1998, was addressing and dealing with the technological               
          challenges TPC faced:                                                       

               As the company’s flagship, Thomas Register absorbs the brunt           
               of competitive initiative from the various evil empires                
               aiming to unseat us in the new digital world.  Asked to                
               respond with a major Internet launch in 1996 and to add to             
               that a major CD-ROM program in 1997 * * * [Thomas                      
               Register’s] production, editorial, circulation, sales and              
               administrative people have handled a hailstorm of change and           
               complexity with energy and skill that few would have been              
               bold enough to anticipate only three years ago.                        

               By early 1998, ThomasRegister.com was recognized as one of             
          the 200 leading business-to-business Web sites in the United                
          States.  Among the 200 Web sites so recognized, TPC’s Web site              
          was ranked sixth.                                                           









Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011