Pitney Bowes says ‘Snail mail’ is here to stay
To the casual observer, “snail mail” is doomed. Bills can be paid with a mouse click. Photographs, even lengthy PowerPoint presentations, arrive instantly by e-mail. But Pitney Bowes (PBI) doesn’t believe it. It is in the mail business, and revenue rose 18% from 2000 to 2003. The company ranks No. 383 on the Fortune 500, and its stock is up 14% during the past 12 months. Pitney Bowes is the world’s largest maker of postage meters. It also goes on site at companies to operate mailrooms. It has contracts with the largest mass mailers, performing everything from envelope stuffing to using sophisticated software that keeps mailing lists accurate. Pitney Bowes CEO Michael Critelli, 55, talked with USA TODAY corporate management reporter Del Jones and warned businesses that they will lose opportunity if they believe snail mail is in its last stages
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