Q2 Paper Outlook — Run of the Mill Demand

"Except for the possible war, I do not see much changing in the short term," the economist notes. "I don't think print (and paper) markets will rebound significantly until next year, with the return of robust advertising spending buoyed by the Olympics and the Presidential elections. Our preliminary data show that 2002 was another down year for print sales, and I expect just a slight increase in 2003."