These moves will strengthen our ability to attain our profitability goals, while adding value to the company. Also, the company announced two weeks ago that chairman and chief executive officer John Payne and director Tom Bruggere were stepping down. Chief rival E-Stamp has also run into a wall on the road to profitability. Stamps have been available for purchase via the Web for well over a year. Yet while online postage services allow consumers to forgo a trip to the post office, their conveniences have been slow to catch on.
Some analysts speculate that consumers are simply adapting to the technology's learning curve.
Other industry watchers, however, maintain that the demand for stamps may soon be a thing of the past as online bill payment expands. A report released last month by Jupiter Research predicted that by 2005, more than 40 million U.S. households will pay at least part of their bills using Internet bill payment services. All rights reserved. See Terms of Use and Privacy notice.