Friday 19 October 2012

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         THE PRINTING FIRM THAT COST GOOGLE $24BN 

R.R. Donnelley has become the world's large commercial printer in the last two decades, having bought up a string of other businesses.
The Chicago-based firm has published Penguin Classics and paperbacks from the Twilight vampire series as well as the best-selling Idiot’s Guide books.

On its website, RR Donnelley boasts of working with more than 60,000 customers worldwide ‘to develop custom communications solutions that reduce costs, drive top line growth, enhance ROI and ensure compliance’.
It ranks 249 in the list of Fortune 500 of America’s largest corporations with about 58,000 employees.



'I am also really excited about the progress we’re making creating a beautifully simple, intuitive Google experience across all devices.'
Google issued a statement blaming R.R. Donnelley, the Chicago-based company that prints its financial documents, for the early release.
'Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8-K earnings statement without authorization,' the Google statement read.
'We have ceased trading on NASDAQ while we work to finalize the document. Once it's finalised we will release our earnings, resume trading on Nasdaq and hold our earnings call as normal.'
Donnelley's shares fell by more than five per cent following the blunder as the firm blamed its screw-up on 'human error' and promised to launch an investigation to 'determine how this event took place'.

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