Financial Printing--Strength In Numbers

"Although the first three quarters of 1999 witnessed a slight decrease in the number of new securities offerings," Greco notes, "Donnelley Financial continued to increase its IPO business, and additional sources of growth came from industries such as telecommunications and cable TV, which experienced ongoing consolidation as participants jockeyed for dominance. Investment companies, managed care organizations and pharmaceutical firms—seeking to retain assets under management—continued to invest more in the customized, personalized communications."