Well it was ten years ago this week that the news broke about Ricoh purchasing Ikon. Ten years later the Ikon purchase was a bust with Ricoh writing off millions in future profit & revenue. That's what happens when you purchase a company that can't spin a profit.
Enjoy the threads from ten years ago this week!
Weekend Copier Notes from 08/24/08
in the United States: o The current Digital Print Center (DPC) sales & marketing division will be disbanded § This group launched the VarioPrint 6000 series (the high speed b/w systems that Konica Minolta will relabel) § Group was formed in 2005 to focus on in-house print shops within corporate customers (CRDs) § Members of this group will allowed to apply for positions in the Production Printing Systems (PPS) or Document Printing Systems (DPS) divisions o PPS is responsible for Oce’ rollfed
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Re: Ricoh to purchase IKON Office Solutions
P4P'ers this was posted on the KonicaMInolta P4P, very funny! Now that Ricoh combined the family (Gestetner, Savin, Lanier and Ricoh) and has purchased Ikon, And Xerox has purchased Global, And Konica Minolta has purchased Danka… Canon has announced their new marketing strategy: SUPERSTORES!!! (Pictured above is the new Canon Superstore in Kanpur, India) (just kidding!!) But seriously, would you spend $1.6 billion to purchase a distribution network, and continue to allow your competition
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Re: Ricoh to purchase IKON Office Solutions
. Before our purchase of IKON, Xerox Corp bought Global Imaging Systems Inc and Konica Minolta Business Solutions USA Inc acquired Danka Office Imaging Co. • Other comments · The press conference took place late at night in Japan to make the announcement in London, New Jersey and Tokyo at the same time. · The buyout was proposed by IKON in about April 2008. At that time, Ricoh, just after finishing integrating information systems around the world in 2007, was about to go on an offensive. · The
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Re: Ricoh to purchase IKON Office Solutions
and there is no expectation at this time that any downsizing will result due to the acquisition. Since Ricoh is buying 100% of IKON stock, it will assume all IKON’s debt. In brief, the significance of this announcement is that it is a major win for Ricoh and IKON, a big challenge for IKON partners - Canon and Konica Minolta if they end their IKON relationships, and an alarm bell for HP, Xerox and other players focused on the mid-market, large enterprises, managed/professional services, and the
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Bizhub 501 from Konica Minolta
bizhub 501 This bizhub® 501 high-volume B&W document delivery system looks better than ever -- in your office, and on your bottom line. It powers your printing, speeds your output, controls your distribution and more, all with center-office styling that gives everyone fast access to enhanced productivity. It also brings you the advanced Konica Minolta Emperon® Print System, superb Simitri® Polymerized Toner image quality, and all the options you need -- including an IC-207 Image Controller
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TOSHIBA AMERICA BUSINESS SOLUTIONS INC. EXTENDS MID-VOLUME COLOR LINE WITH NEW SMALL
eight seconds, providing fast color printing to businesses with moderate output needs. Utilizing Toshiba’s leading-edge enhanced laser image technology (e-Fine), the e-STUDIO2330c delivers best-in-class color clarity and rich text renditions in all scanning, printing and copying jobs. Supporting print resolutions of 2,400 x 600 dots-per-inch (dpi) and 10-bit scanning resolutions of 600 x 600 dpi, the e-STUDIO2330c provides razor-sharp text and superior graphic detail in all printed documents
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Ricoh to purchase IKON Office Solutions
committed to further strengthening its sales and support channels. As the world’s largest independent channel for document management systems and services, IKON (headquartered in Malvern, Pennsylvania) supplies and services a wide range of office equipment, such as MFPs (multi-function printers), fax machines and printers, in the U.S., Canada and the Western European markets. With over 400 sales and service locations, IKON has a long track record with Fortune 500 companies among its customers. RICOH has
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Memjet print head revolution delayed
Silverbrook's US-based subsidiary, Memjet Home and Office, says there are a couple of reasons for the switch away from a photo printer. One is that volume sales of small photo printers are dropping, "meaning that customers were voting that they would rather go some place and have their photos printed rather than trying to print them at home". Secondly, getting almost perfect quality printing in a very small format proved a tough challenge with a nascent technology, so the company decided to go first of
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Re: Ricoh to purchase IKON Office Solutions
oh, thats funny!! Kudos.... I think Ricoh had to recapture what they lost to Xerox and besides buying more dealers there was no surefire way to get this done. Alas its like the yankees and the redsox, they may take a marginal player if waived so the other team can't get them. It was no secret that Ikon was for sale (found this out today), at least among the big wigs. So, was Ricoh going to let Canon, Xerox, HP or KM get the additional distribution that Canon will lose. I think the biggest loser
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Dual Line Canon Dealers Help!
Someone from the Canon P4P could use your help with a solutions scenario: Below is the post and then the link, please see if we can help!! Hello group I need your help. My customer has the following requirements. 30,000 black and white pages per month. They create RFP's. Each RFP contains 11X17 Z fold documents and 8 1/2 X 11 documents. Tabs in document ( they can be preprinted but I would prefer to print on the tab as the job is processed), color documents inserted. Documents need to be GBC
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The MX-6201 and MX-7001 Color MFPS from Sharp
are designed for high-end work groups and offer monochrome copiers speeds of 62-70ppm and up to 50ppm in color. These MFPs support Sharp OSA technology, which offers a broad range of integration and personalixation options, as well as Sharp's secruity suite. Sharps Color Scan2 technology minimizes paper handlinh while maximizing performance and providing faster scan speeds. Both modles enable users to print color or monochrome image files directly from a USB memory device. Users can alsoo scan
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Re: Ricoh to purchase IKON Office Solutions
It will be interesting. It might be a good time for some of the independent Ricoh dealers to look to Canon if they have an large Ikon company in their backyard. There is always fallout from these deals, there will probally be some very good Canon sales people looking to jump ship along with technicians.
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Re: Ricoh to purchase IKON Office Solutions
and services to more customers across the globe. We believe that as part of a combined company in the highly competitive and evolving office equipment industry, we can leverage our sales, service and marketing depth with Ricoh’s engineering and manufacturing expertise to better understand and more rapidly respond to the needs of our customers. In addition, we anticipate that this transaction will create new opportunities for our employees, as you will be working for a larger organization with
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Re: Another RBS proposal with loss!
Was this a current account of yours? Ricoh is definitly sticking to keeping RBS out of current family group accounts, we had a couple of issues with it and the RBS Sales Director had to call the customer and explain they were not able to take the business. Also, I ran into RBS on an MP2400W, they sold it with the internal print/scan, file format convertor, and installation for $8k!!
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Ricoh GlobalScan MFP Model Support
Continuing its evolution to meet customer’s growing needs, Ricoh is pleased to announce the latest MFP Model support for GlobalScan v2.04 and v3.1. Going forward GlobalScan will support all future MFPs utilizing the JAVA Platform. The new firmware will require the installation of the JAVA Type F VM card. The benefits of utilizing the JAVA platform are tremendous going forward. GlobalScan support at the time of new MFP Introduction Backwards compatibility with GlobalScan Server Version 2.x and
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Ricoh914
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booklet finisher & 90lb index
On the Savin C3535 (Ricoh MP C3500) with the SR3020 booklet finisher we have a customer that wants to use 28lb bond out of the drawer & have 90lb index in the bypass and have index paper as cover on the document, will booklet finisher auto staple and fold that weight?
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Fiery Mini Matrix Chart
Hello, I came across this file on the fiery options. I thought that it would be great to share with the sales reps. Happy Selling. : )
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Re: Ricoh to purchase IKON Office Solutions
Not, here but Canon has to be reeling from this! To tell you the truth, I never expected Ricoh to do this.
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Re: Ricoh to purchase IKON Office Solutions
IKON, Ricoh - with the possibility of ANOTHER BIDDER? there is an "undertone" out there - is there another bidder willing to go after IKON? From Dividends.com, "...This acquisition continues a trend we have been seeing, in which office equipment makers have been acquiring distributors to strengthen their sales channels and product offerings. Ikon has 400 sales and services mainly in Europe and the U.S. Ricoh had recently acquired the European operations of copier service and supply company
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Re: Ricoh to purchase IKON Office Solutions
Ok...so Ricoh paid 1.7B for Ikon which has annual revenue's of ~4.5B? Sumding wong! Must be debt! Ricoh also paid $17.25 per share...about 30% higher than the past 2-month average stock price. Obviously there was bidding ante-up going on between Canon and Ricoh for Ikon.
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Re: Wide Format Color Scanner
We were launched on this late last week. Ricoh has set MSRP at $6,500 but the SUP (Single Unit Price) is $5,800!!! That puts my Sales Cost above the Retail Price.
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Re: Sales Tips
What if you could actually be more successful without selling? Until now, nearly everyone and everything that you've heard or read about marketing has been aimed at hiding your valuable money-making secret from you. They've been demonstrating the worst possible way for you to get business -- and suggesting (or insisting) you follow their lead. They've told you to sell, sell, sell... advertise again and again... push hard... and then get up the next day and do it all over again! Why? Because
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Kip 3100 Street Prices
Just about fell off my chair when I learned what the KIP 3100 is being sold for in my area. 2 Roll print/copy/scan $13,324 2 Roll print/copy/COLOR scan $15,271 Both of the above include delivery and installation. Anyone else coming across this unit?
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shession
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Re: Ricoh to purchase IKON Office Solutions
the world as we have known it is rapidly changing.....any guesses what's next? I have heard that HP is in the process of actively opening direct sales offices around the county.
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Re: Ricoh to purchase IKON Office Solutions
quote: Originally posted by Neal: the world as we have known it is rapidly changing.....any guesses what's next? I have heard that HP is in the process of actively opening direct sales offices around the county. Plus I read that HP is paying a portion of the sales rep comission and or salary for some dealers.
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Re: Ricoh to purchase IKON Office Solutions
I knew IKON was looking at being purchased awhile back by HP so they have been on the market for awhile. Did I read this correctly... "requires the approval of the majority of IKON’s outstanding shares at its shareholder meeting and will result in IKON continuing as the surviving company" Sounds like IKON will be Ricoh's "brand" now. So the name Ricoh will be no longer or what?
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Re: booklet finisher & 90lb index
Checked the Sales Info Guide and 90#INDEX is upper limit on Duplex unit. Shouldn't be able to duplex from bypass (smart vs dumb bypass) that weight and type of stock. Can't find the folding specs but 90# Index as a cover should be safe BUT the dependent criteria would be how many sheets and the cover you're going to be folding and stapling.
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Re: Ricoh to purchase IKON Office Solutions
off its manufacturing companies and focused on distribution, including its paper business, Paper Corporation of America. " Stuart, having worked for Ricoh Corp., IBM and Royal Business Machines, joined the company in 1985 to restructure its office-products division... ---- The article is a trip. A trip down memory lane. This one line stumbled me up, -- "Stuart plans to grow Ikon from $3.3 billion annually to $10 billion in the next three years. He also plans to increase the amount of outsourcing
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Re: Wide Format Color Scanner
I hear ya, guess they are tryin to compete with KIP and think we should all give the scanner away and or bundle in the deal. We too will be above list with our sales cost. Art
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