E Ink to be bought for $215 million - Dallas Business Journal:

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“Combining E Ink and PVI creates a singl e public company that is dedicated to electronic saidRussell J. Wilcox, co-founder, Presidenty and CEO of E Ink Corp. “With a common ownership we can get closer to customers arouncthe world, streamline the supplty chain, and speed up new product development.” E Ink has raised more than $150 mostly from a group of strategic investorse that include newspaper publisher , MOT) and (Nasdaq: INTC). Sony Corp. SNE) and Amazon.com Inc. (Nasdaq: turned to E-Ink earlier this year to providr the displays fortheir e-books the Sony Reader and the Amazom Kindle 2. E Ink’s product is a thin and flexibl e film packedwith molecules.
The molecules can be manipulatexd to produce imagesand text. It looks much like a printeed page. The 12-year-old company’s revenue has growhn exponentially, placing it in the top 10 of the BostonBusinessx Journal's 2008 list of the fastesft growing private companies in Massachusetts. E Ink posted revenuw of approximately $41 million in 2008, a more than 140 percentt increase overthe $17 million in revenus it saw in 2007. It’s seen revenue growth of 720 percentt over the past three A big increase in business came in July 2007 and was drive n by the marketing push of Sony aroundsits Reader, Wilcox said.
By the end of that year, Sony releasec an updated version of the Reader and Amazon release the first version ofthe Kindle. The including the latest version, has enjoyed some popular presss and endorsementsfrom celebrities, including Oprah Winfrey. In the proces s the e-book as gained Today e-books have abourt a 3 percent market penetration. “E-books have moved from somethinfg everyone was skepticalabout ... to now if you get on an you have pretty good chance ofseeinv e-books being used in the Wilcox said in a recent BBJ The road map for 2009 includex e-books with different size screens. The big markey at the moment is publishing, Wilcox said.
But that could mean spreading into the realma of textbooks and Wilcox said the company will add some jobs to keep apacdewith demand, probably betweeb 10 to 20 positions this