FINANCIAL PRINTING - A Bull Without Horns?

Donnelley also benefited from strong international markets, which continue to show great potential for long-term growth. "There was a resurgence of capital markets activity in Asia, with several large privatizations completed in 2000 and more expected in 2001.

"Donnelley's European capital markets business has tripled since 1997, doubling in 2000 alone, a result of the European drive toward privatization, pan-European offerings targeting retail distribution, increased M&A activity and the growth of online financial communications," reports Masterton.