Tagged With "Japanese Banks"
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Re: Sharp posts big loss on smartphone downturn
HOLY Crap!! 700 million dollars! I guess the Japanese banks are in the for the long haul. But, how much as they willing to lose?
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Re: Up=Coming China Tariffs on Copiers parts & accessories
These are two listing that I found on ustr.gov site: 8443.99.20 Parts of printer units of subheading 8443.32.10 specified in additional U.S. note 2 to this chapter 8443.99.45 Parts and accessories of copying machines; nesoi Subheading 8443.99.20 following parts of printer units of subheading 8443.32.10: (a) Control or command assemblies, incorporating more than one of the following: printed circuit assembly, hard or flexible (floppy) disk drive, keyboard, user interface; (b) Light source...
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Re: Up=Coming China Tariffs on Copiers parts & accessories
really surprised there's no chatter about this
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Re: Up=Coming China Tariffs on Copiers parts & accessories
I have heard from some of the secondary aftermarket suppliers wanting people to stock up before the tariffs take effect. Seems they are using it like any other bad news piece and trying to gain business now. I also wonder how this will affect the Japanese manufacturers.
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Re: Up=Coming China Tariffs on Copiers parts & accessories
Well today is the day. I still haven't heard one thing from any of our manufacturers about this....
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Re: Up=Coming China Tariffs on Copiers parts & accessories
same here, I guess they will start their nonsense once USA stocks have been depleted. I just heard of a Toshiba dealer that won school business based on .0018 for black and .02 for color. hahaha!
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Re: Up=Coming China Tariffs on Copiers parts & accessories
I'll never for the life of me understand why someone would take that business.
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Re: Ricoh Profit down 85%, 3D printing plans on hold?
With some of the click rates I've seen on production gear lately, not to mention deep hardware discounts... <85%> is this a typo??
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Re: Ricoh Profit down 85%, 3D printing plans on hold?
Wow!! 12% reduction in sales... I know it is the smaller half year but that seems really light. Something seems to be wrong with the $'s. 50% operating profit would kick off a celebration large enough for all of us to hear.
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Re: Is This the Beginning of the End for the Padding of Lease Rates?
Hello Art and the rest of the P4P members - Our industry association (ELFA), along with several independent law firms that represent many of our industry members are reviewing this legislation to determine the actual effects it will have on the industry as a whole and to provide guidance so that our members will be in compliance with the legislation. What we know at this point is that is you are involved in offering financing to businesses in California, you will be subject to this...
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Re: Is This the Beginning of the End for the Padding of Lease Rates?
Here is a report from leasingnews.org. One of their legal editors is doing a three part review of this legislation. Leasing News Exclusive: State Senator Steven Glazer and the genesis of CA SB 1235 (Part 1 of 3) By Tom McCurnin Leasing News Legal Editor This is important not only if you are doing commercial business in California, but this may affect other states. If you are new to this, here is legislation passed both the assembly and senate, awaiting California Governor Jerry Brown’s...
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Re: Is This the Beginning of the End for the Padding of Lease Rates?
Part Three Leasing News Exclusive: Is the Disclosure Too Complicated? State Senator Steven Glazer Position on CA SB 1235 (Part 3 of 3) By Tom McCurnin Leasing News Legal Editor The bill to require full disclosure of interest rates is awaiting Governor Jerry Brown's signature. It was reviewed to be recorded and sent to his office late last week. It seems unlikely he will not sign it as it passed the State Assembly 72-3 and in the Senate 28-6 .It then will be up to the California Department of...
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Re: Around the Word with Konica Minolta
Konica Minolta Again Joins the Fight against Childhood Cancer Ramsey, NJ, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Konica Minolta Business Solutions U.S.A., Inc . (Konica Minolta) today announced they will again support Tackle Kids Cancer, a philanthropic initiative on behalf of the Children’s Cancer Institute at the Joseph M. Sanzari Children’s Hospital at Hackensack Meridian Health Hackensack University Medical Center. As with last year, Konica Minolta is partnering with THE NORTHERN TRUST...
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Re: Need Help for Print Solution!
Jason R: No, i never created this app for any of my customers.....I do not know if they app Art is working with has Macro Support, it was just something from my memory bank. I am not possible if that is a MS Office feature only, but am pretty sure that these types of things can be built in other apps as well
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Re: UPDATE 3-Canon buys Dutch Oce for $1.1 bln, fights Ricoh
Konica Minolta Says It Has No Plan to Counter Oce Bid (Update1) By Mariko Yasu Nov. 17 (Bloomberg) -- Konica Minolta Holdings Inc., the Japanese lens and office-equipment maker, said it has no plan to counter Canon Inc.’s offer to buy Oce NV for 730 million euros ($1.1 billion). “There’s no plan to make an offer to Oce at the moment,” Minoru Ikehara, a spokesman at the Tokyobased company, said by phone today. While Konica Minolta had considered an acquisition of the Venlo, Netherlands-based...
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Re: UPDATE 3-Canon buys Dutch Oce for $1.1 bln, fights Ricoh
Found this on the web today:: By Pavel Alpeyev Nov. 18 (Bloomberg) -- Orbis Funds, the asset manager that opposed takeover offers by Warren Buffett and Citigroup Inc., rejected Canon Inc.’s 730 million euro ($1.1 billion) bid to buy unprofitable Dutch printer maker Oce NV as too low. Canon’s 8.60 euros-a-share offer “significantly undervalues” Oce’s assets, and Orbis doesn’t want to sell its stake of about 10 percent at that price, the Bermuda-based manager of $20 billion in assets said in a...
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Re: Konica Minolta Selects GE Capital as a Premier Finance Partner
they actually have used GE before this, just with the CIT thing they are sing GE for KM Premier as well as US Bank
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Re: "What is" Section 179
Leasing and Section 179 Did you know that your company can lease equipment and still take full advantage of the Section 179 deduction? In fact, leasing equipment and/or software with the Section 179 deduction in mind is a preferred financial strategy for many businesses, as it can significantly help with not only cash flow, but with profits as well. Non-Tax | Capital Lease The main benefit of a non-tax capital lease is that you can still take full advantage of the Section 179 Deduction, yet...
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Re: Does any National Copier Vendor still have their own in house leasing service?
Konica Minolta uses GE, DLL, US Bank
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Re: First Look New Ricoh MPC2801_3301
Spec sheet for the Lanier LD630c/635c and LD645c/655c attached.
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Re: Samsung Pushes Into Crowded A3 Market
I've never liked the GUI's on their A4's, I thought it was a more print centric device. If their GUI remains the same, I'm thinking tough existing A3 customers will have a tough time with the interface. I think the MSRP for 25ppm device is high, sctually very unless it comes with an additional paper bank and finisher. So far that's it from me, I haven't had the chance to do much research on these devices.
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Re: The Effect Currency Evaluations have on the MFP industry
Dollar Hits All-Time Low vs Yen, Falls Below 78 The dollar sharply extended its losses versus the yen to trade below 78 in late New York trading on Wednesday amid concerns over a nuclear crisis in Japan. The dollar [JPY=X 77.35 -3.38 (-4.19%) ] hit as low as 77.60 yen on trading platform EBS. The previous record low was 79.75 yen set in April 1995. Traders are nervously watching whether the Bank of Japan will intervene in the currency market to stem yen gains. A stronger currency makes...
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Re: 0% Copier Financing
0% Interest financing is a popular financing tool across the board - you see it in the auto industry, furniture, IT (such as your apple example). It has never been a big seller in the Office Equipment industry business due to the business model that the dealers/manufacturers sell with. Many dealers are selling FMV leases (we like the upgrades)and not highlighting to the customer the actual cash purchase price of the equipment. 0% works best when a customer see's a purchase price (let's say...
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Re: I have a buyer in South America
I agree you always need to proceed with caution. The only way I would do it, is to ship the product after the certified bank check has cleared.
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Re: I have a buyer in South America
Just read this post and wanted to add my comments. I ship a lot of product outside the USA and there are 2 important points that will protect you: 1. Ship all products using INCO Terms EXW your location. This means the buyer is responsible for all shipping, duty & taxes once the product leaves your possession. 2. Maintain a wire account with a minimum amount of money in it. Have the buyer wire the money to this account and as soon as the funds hit your account transfer the money to your...
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Re: Hurricane Sandy Highlands NJ
HIGHLANDS - After weeks of stress and struggle following Hurricane Sandy, Highlands residents will gather together tomorrow afternoon for some serious fun at a free benefit concert. The concert, starring many well-known Jersey Shore musicians, will raise funds and awareness to help rebuild their town. The Hope for Highlands benefit concert will take place Sunday, November 25, from 2 p.m. to 6 p.m. at the Seastreak Ferry terminal, 325 Shore Drive in Highlands. Although the concert itself is...
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Re: Padded Lease Rates
0.019584 Means 4% And its not a "pad" its the same reason that Banks get a lower interest rate than you and I can on a mortgage. Imagine this a bank is borrowing at .025 percent from fed and lending at .0375 to you and me. Thats a 50% percent "Pad" our industry marks up only 4-10% and most of that is eaten up by administrative costs. Sales is break even at best, the real money is in the ongoing annuity and revenue stream from service.
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Re: Leasing Company Copiers are Underwater
So, do you think it would be ethical for the leasing company to go after full stream of payments plus residual in the case I described??? I don't begrudge the leasing company a fair return on their outlay of money but to want the full stream plus residual 4 weeks after funding is excessive. That's making 40% interest on their money for a one month investment. Would you be happy as the leasing partner???? I doubt it. Keep in mind your reputation as a salesperson is attached to how your...
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Re: Leasing Company Copiers are Underwater
Well, of course. We all understand that there is NO question of ethics, both parties signed a contract and agreed to obligations. Both took on risks. Now one party has experienced those risks. Is GA entitled to what the contract says they are entitled to after 4 weeks, or only after 5? Five is pretty short... maybe they get what the contract says after 15 weeks, but not 14? Or maybe they get what the contract says if the contract goes to term but they eat it if anything bad happens prior to...
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Re: Samsung Says Offer for Sharp’s Photocopier Unit Rejected
Yoda: Here is that release, still tough times for Sharp. After failing to advance far enough toward a manufacturing process goal, Sharp says that it will miss a March 29 deadline to receive the second half of a $120 million investment from chipmaker Qualcomm. In December, the ailing Japanese electronics maker said it reached a partnership with U.S.-based Qualcomm, which agreed to invest $120 million in a project to jointly develop display panels. However, as reported by Reuters, Qualcomm's...
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Re: XRX Refinancing debt
Reuters Company News Xerox rtgs cut by Moody's on debt, cash flow worry NEW YORK, May 1 (Reuters) - Xerox Corp.'s (NYSE:XRX - news) "junk" ratings were cut as many as four notches by Moody's Investors Service on Wednesday over concern about the copier maker's heavy debt load and "modest" sales growth prospects. "The size of this downgrade is a surprise," said Domenick Fumai, a fixed-income analyst at BNP Paribas, which trades Xerox bonds. "Moody's may be trying to be proactive, but this...
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Re: NEW Duplicator with Paper Cassette
Ricoh's Priport™JP5800 digital duplicator delivers a higher level of quality and performance in a user-friendly design. With a printing speed of up to 120 sheets/min. and an extensive paper capacity of 2500 sheets, the largest duplicating jobs can be handled swiftly and without interruption. In addition to this, you can load two types of paper at once. As an added advantage, the Priport™JP5800 can be placed in commercial offices for copying purposes. It can also be supplied with the 40-bin...
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Re: Current Lease Rates
Samantha's e-mail address at Great Bay Capital is: samantha.metzler@gbbk.com (I do not know their website). All good comments. We have a relationship with a bank (Heartland Business Credit) that we have guaranteed the residuals. This allowed us to write a custom program for all of our major and local goverment accounts. However, occasionally I have trouble getting a customer credit and we have gotten stung in the past (Norwest Financial...now Wells Fergo Ripoffiancial)...so it is prudent to...
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Re: Getting "Print For Pays" Lease Approved
All I know... I gave the name and address of the company to DLL earlier this year and they turned it down based upon that. I did not have trade references or bank info. At the time I was on risk rating the situation and let it go. I new he was probably not going to be able to do anything until the lease end which is next month, so I just called this week and we meet Monday. I will ask him to fill out a credit app at that time. It is a Sir Speedy.
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Re: For HP, Copiers May Not Be A Cinch
Brian: My explaination of HP in the copier biz. (First of all, we're not going to outsmart any of the IT people). We Ricoh, Canon, and Xerox not sellin copiers any more. We are selling Multi Functional Copiers (basically we are selling laser print engines with accessories and attachments). For years HP sold laser printers and for years those laser printers worked flawlessly with the HP2, HP III and HP IV. IT fell in love with the reliablilty, the quality of the durability of the product!
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Re: Gas Price Check
VIENNA, Austria – While oil prices rose Monday with an OPEC production cut later this week all but certain, the price of gasoline in the United States continued to tumble. Gasoline has fallen more than a dime a gallon since Friday, hitting a national average of $2.92 Monday, according to auto club AAA, the Oil Price Information Service and Wright Express. Chakib Khelil, president of the Organization of Petroleum Exporting Countries, said Sunday that members plan to announce a "substantial"...
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Re: Gas Price Check
I'm all for a Federal Sales tax, like they have in Europe. Just think, you could get your check from your employer with no taxes taken out (except Social Security), put it in the bank and gain interest with no taxes paid, buy and sell stocks with no taxes on the gain/loss, etc., etc. The only time you'd have to pay tax is if you actually bought something (and unprepared food would be exempt from tax). This sure sounds like a win-win-win to me. For the poor, they get a tax cut because they...
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Re: Canon iR C3200 Street Pricing
iR 3200 with Fiery RIP $14,600 w/2 x 500 paper bank cpc no min .075
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Re: Canon iR C3200 Street Pricing
iR3200 w/Fiery RIP includes M-1 Finisher Plus Paper Bank $14,600 cpc monthly minimum is .089
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Re: Need some advise
Mike: There are too many varibales here. I would ask these questions first. What are they currently using to produce the one box of paper per day? So, I'm correct in assuming that your volume is 100,000 pages a month? How many sheets are in the box of paper and what type of paper are you using? When printing are you producing multiple pages of one page? If so how many pages per? Depending on how they answer will dictate where I would go with this. My gut reaction is that maybe I can sell...
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Re: awards program
A weekend in Atlantic City for two with meals and $500 to gamble or donate $1,000 to a food bank in his or hers name, along with a press release.
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Re: Bank of America Not Accepting New Deals
Hey, did we all ever expect anything else from a bank??? They took our tax money for thier dirty deeds, and then not taking any risk at all. Who gets all of the money, the top brass. "What do expect from a pig, but a grunt"