Author Archives: Editor

Barco Sales & Profit Growth for 1st Quarter 2008

Barco’s quarterly financial report shows growth in sales and gross profits for the first quarter in 2008 while orders, net profit, and per share earnings were down slightly. Highlights of first quarter operations in 2008 are as follows:

  • The order book at the end of March 2008 amounted to $504.2 million compared to $523 million the previous year. Order intake totaled $308.2 million, down 10.3% compared to the same period in 2007 but up 6.4% versus 4Q07.
  • Sales amounted to $257.5 million, an increase of 5.9%. At constant currencies growth was 14%.
  • Gross profit rose by 3.1% to $98.5 million from $95.6 million the previous year.
  • Earnings Before Interest and Taxes (EBIT) remained flat at $10.1. The EBIT margin was 3.9% compared to 4.2% in 1Q07. Currency evolution cost Barco $5.7 million in EBIT. At constant currencies EBIT would have grown 57%.
  • Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was $32.3 million, a margin of 12.6%. In 1Q07 EBITDA was $39.3million, a margin of 12.1%.
  • Net income was $10.3 million, down 12.8% from $11.7 million in 1Q07.
  • Net earnings per share were $0.85 compared to $0.96 for the same period the previous year.

The simulation market had a higher order intake but lower sales in 1Q08. The presentation market saw a decline in order intake but a good growth in sales. The avionics market had a very good growth in order intake and in sales. Total orders totaled $149 million.

EBIT margin was (8.2%), down from (2.5%) in 1Q07, as the gross profit was unable to offset major investments in product development for the simulation and avionics markets.

The above figures were converted from euros to current dollars.

Source: Barco Corporate Press Release, April 23,2008.

XAMA Meeting Thurs. Morning May 1st

Xenia Area Merchants and participants in the upcoming Hometown Mother’s Day weekend festivities will be meeting at 8:00 AM at Express Yourself Coffeehouse, 78 E. Main St. in beautiful downtown Xenia. Stop in for some fresh coffee (latte or cappuccino) and conversation.

Xenia Mural Society Meeting Thurs. Evening May 1st

Xenia Mural Society planning meeting will be held on Thursday May 1 at 6:30 PM. The meeting will again be at the Xenia Chamber offices, 334 W. Market Street. All interested parties are encouraged to attend.

Cost of Government in Xenia, Greene County and Dayton Area

A study of the cost of government was recently published by the City of Fairborn. The total cost of government included real estate taxes, income taxes, school district taxes, plus water and sewer services. The study compared the cost of government in 24 cities and villages in both Montgomery and Greene Counties. Each place was ranked from highest to lowest according to total costs.

The study used current tax rates as well as the water and sewer costs from a 2007 Water & Sewer Rate Survey prepared by Oakwood. Comparisons were based on a home valued at $144,896 for real estate taxes and $57,959 Earned Income for city income taxes. School District Taxable Income was
based on $53,609 with one personal, one spouse, and one dependent exemption.

The chart below represents only the study findings for places in Greene County. Continue reading

Day of Silence Day of Truth

From the The State of America weblog.

LGBT Day of Silence is a day of gay political activism. The Day of Truth is simply a day of counter-cultural political activism. A day of silence would almost be okay if it was about all bullying, all intolerance, and all discrimination, but it is not. What about the harassment of the goofy looking guy with glasses, or the person with a big wart on her neck, or the one with too many ugly pimples, or wimps, or nerds, or those who wear black cloaks and look like gangsters, or all the others who are often harassed because of appearance or speech problem or whatever? Gays are certainly not the only one silenced, harassed, bullied, alienated, or isolated. A lot of kids have been murdered by others kids because of being harassed before and since the Columbine massacre. Why is their not a national day of protest for them? Continue reading

Wal-Mart Hip Charm Key Chain Recall

If you own one of Wal-Mart’s made-in China Hip Charm key chain’s, please stop using it now. Do not allow you children to handle it either. Take it back immediately to Wal-Mary for a refund.

On April 18, the U.S. Consumer Product Safety Commission announced a the voluntary recall. The charms on the key chain can contain high levels of lead, which is toxic if ingested and can cause adverse health effects. The Illinois Attorney General informed Wal-Mart and CPSC that the key chain was found in the home of a 9-month-old child who was discovered to have high blood-levels of lead. The child was observed mouthing this key chain.

The recalled key chain has several charms including a button, clover, leaf, heart and a sand dollar. The charms hang from a silver-colored chain. The words “Hip charm” and UPC (#31568 11017) are printed on the product’s packaging. Wal-Mart stores nationwide from April 2005 through April 2008 for about $6.

For further information, contact Wal-Mart at (800) 925-6278 between 7 a.m. and 9 p.m. CT Monday through Friday, or visit the firm’s Web site at www.walmartstores.com.

Problem of gambling supported by Gov. Strickland

Have you noticed the recent ads on Casino gambling? Ohio taxes are traveling out of state at 65 miles an hour. Poor Ohio is being left out of the profitable gambling. All of the surrounding states have accepted more crime, more violence, and more corruption all for increased profits and tax revenues. Because all other states have accepted the vice of gambling and its benefits such as increased tax revenue, ruin of families and individual lives, increased crime and corruption, Ohio should as well. Surely not all other states can be wrong!

Behind the snake in the grass is Governor Ted Strickland. He has devised a plan to expand gambling in Ohio under the auspices of the Ohio Lottery Commission, according to the Ohio Roundtable. When he first came into office, he helped fulfill the will of Ohio voters against more gambling, not anymore. Strickland’s plan would expand gambling without a vote. His plan would implement types of gambling previously rejected by voters. His plan gives the casino industry additional justification for acceptance in Ohio. Like casino gambling, Strickland’s plan also increases the problems associated with gambling. Continue reading

Toxic Chemical In Plastic Bottles Causes Cancer

Recent news has exposed the dangers of a toxic chemical known as Bisphenol A (BPA) used in some plastic containers that is believed to be harmful to consumers.

According to Reuters Health News, BPA is used to make polycarbonate plastic, a clear shatter-resistant material in products ranging from plastic baby and water bottles to sports safety equipment and medical devices. It also is used to make durable epoxy resins used as the coating in most food and beverage cans.

People can eat or drink the chemical when it leaches out of the plastic into liquid such as baby formula, water or food inside the container.

“At this point, the writing is on the wall for bisphenol A. Major retailers and governments all across the country and the world are now recognizing that this chemical is extremely toxic at very low levels of exposure,” Michael Schade of the U.S. environmental group Center for Health, Environment and Justice said in a telephone interview.

Dr. Mercola reports that Bisphenol A (BPA) is an artificial estrogenic compound that may increase the adult breast cancer risk of female fetuses. This confirms earlier findings regarding a link between BPA and breast cancer.

A study exposed pregnant rats to bisphenol A at a range of doses from 2.5 to 1,000 micrograms per kg of body weight per day.

Their female children developed precancerous breast lesions during puberty at a rate three to four times higher than usual. BPA resulted in an increased level of lesions at all dose levels, which suggests that the current exposure limit set by the U.S. EPA (50 micrograms per kg per day) has put American women at risk of breast cancer.

Urine analysis has shown that 95 percent of people have been exposed to BPA. BPA has also been linked to prostate cancer and brain tissue damage, even at extremely low levels.

The Daily Green offers a handy guide to identify toxic and non-toxic plastics used in consumer goods. Inside a triangle molded into the the bottom of all plastic containers is number ranging from one to seven. The guide identifies what each number represents in terms of the type of plastic used, type of consumer goods manufactured using it, whether it is recyclable, and risk of leaching toxic chemicals, and more.

Plastics containing bisphenol A are among the last group of plastics identified by the number 7 on plastic containers. The Daily Green guide classifies this group as follows:

Number 7 Plastics = Miscellaneous

Found In: Three- and five-gallon water bottles, ‘bullet-proof’ materials, sunglasses, DVDs, iPod and computer cases, signs and displays, certain food containers, nylon

Recycling: Number 7 plastics have traditionally not been recycled, though some curbside programs now take them.

Recycled Into: Plastic lumber, custom-made products

Risks: A wide variety of plastic resins that don’t fit into the previous categories are lumped into number 7. A few are even made from plants (polyactide) and are compostable. Polycarbonate is number 7, and is the hard plastic that has parents worried these days, after studies have shown it can leach potential hormone disruptors.

To see the the entire guide, go to The Daily Green website.

Twelve Angry Men Presented by Xenia Area Community Theater

Twelve Angry Men, according to Alan King, is about one man who argues to convince the eleven other jurors that there is “reasonable doubt” as they decide the fate of a young man accused of first degree murder.

The ensemble cast, directed by Jeffrey Purvis, includes Don Taylor, Daniel Sinclair, John Bukowski, Jim Yarcho, Alain Alejandro, John Falkenbach, Heath Grooms, Russ Dern, Jerry Buck, Michael Taint, Al Yarcho and Tobey McKee.

For more information, visit the Xenia Area Community Theater website.

Second year of “Drive Less, Live More” initiative kicks off

With gas bouncing around $3 to $3.35 a gallon and concerns that it might go to $4 a gallon this summer, now is the time to save money, get fit, win prizes with Drive Less Live More.

What is Drive Less live More? It is your connection to healthier, cleaner, more affordable transportation choices within the region.

As Americans we love our cars. We think nothing of driving less than a mile to the bank, the store or even from one parking lot to another at a shopping center.

As our waistlines — and our dependence on foreign oil — increase, the quality of our life and air decrease. But it’s not as if we are trying to pollute our environment or be less active, it’s just become second nature to grab the keys and go.

But there’s a better way. Residents of the Miami Valley Region have a variety of alternative travel options – walking, biking on paved recreation trails, riding regional transit, or carpooling.

“We know it’s hard to change habits much less the habit of driving,” says Janet Bly, Miami Conservancy District general manager. “So we’re trying to make it easier by offering a contest, prizes, events and information that can help you get started.”

Our region offers transit systems, miles of paved bike trails, a carpooling service and more. Each of these transportation options is outlined in detail on the Drive Less Live More web site or you can call (937) 277-4374 for more information.

“It’s ultimately about the things we can do together which can be impactful to everyone’s daily life,” says Mark Donaghy, RTA executive director. “This collaborative effort provides the entire Miami Valley region the opportunity to try out a variety of transportation options.”

One of the major events in the campaign will again be the One Less Trip contest where drivers in the region will be asked to give up their cars for short trips. But this year, the contest is being expanded to four months – May through August.

“We’ll be offering monthly prizes to keep everyone engaged,” says Don Spang, executive director of the Miami Valley Regional Planning Commission . “Plus we have overall campaign winners for each mode – biking, bus, walking, carpooling – and then a grand prize and second prize.”

The grand prize is a two-night stay and various other amenities at the Mission Point Resort on Mackinac Island, MI. And new this year, is a second prize featuring a weekend of activities in Dayton complete with an overnight stay at the Crowne Plaza, two tickets to the opera, “Turandot,” this fall, a $50 gift card to Citilites restaurant, and more.

This year the campaign is sponsored by by four Miami Valley organizations – the Miami Conservancy District (MCD), Miami Valley Regional Planning Commission (MVRPC), Greater Dayton Regional Transit Authority (RTA) and Five Rivers MetroParks (FRMP).

For more information, go to Drive Less, Live More or call (937) 277-4374.