Important day for ECM!

(1) R.H. Donnelley - the company behind Yellow Pages, drops 48% this evening. That means, they lost almost half of their company's market value in one day! That's some heavy selling!
Do you still use Yellow Pages? If you answered yes, you're probably among the last few ones to do so. People are moving more towards managing digital content, indexing and searching, and away from paper.

(2) AbitibiBowater, Inc. (ABH) - the 3rd largest pulp and paper company in North America and 8th largest in the world, also reported a Q407 loss of $250 M, with losses in both newsprint paper and specialty paper segments widening from a year before. Stock down 10%.

With more and more industries going paperless, like the news and magazines industry for example, there is more scope for ECM related products for scanning, e-faxing, ingestion, archival and retrieval of electronic documents, etc. The losses that these two big companies reported for Q407 clearly point in the direction of this trend. The Auto Insurance industry is also starting to make inroads into going paperless, if you've started receiving all your documents via email from your insurance provider.