IKON, in a special meeting, approved the sale of the company to Ricoh Corp. for $1.6 billion. This means that shareholders will receive $17.25 per share. (now IKON sales reps await an announcement from Canon, as to the future of that relationship)
Former IKON executive, Bill Carpou, was hired as Vice President of Sales & Marketing for Profit Recovery Partners, which is a national consulting organization for administrative cost reduction. (Ricoh had previously announced it would spend up to $18 million to keep IKON executives on staff)
If you are competing against the Ricoh Aficio C6000 color MFP (or its Lanier or Savin versions), important points to remember are:
Become a member of the P4PHotel (its FREE), then go to the Competition Lounge Forum to get the skinny on the Ricoh Aficio C6000
Ricoh announced details on it last quarter’s financials:
expects sales to drop for first time in 15 years
sales are estimated at 2.15 trillion yen, down 3.2%
operating profit down 17.4% & net profit down 18.3%
Ricoh announced it will spend $20 million to open two large factory direct branch showrooms.
Details: Will focus on production printingBe in Singapore and AustraliaBetween 6000 and 7500 square feet in size.
Another copier scandal.
This time it involves a public school district in Texas. District Attorney Fred Hernandez announced that all defendants were arrested and indictments returned. Arrests conducted by Texas Rangers. Involved the San Felipe/Del Rio Consolidated Independent School DistrictThose arrested included employees of Lone Star Copiers, a Xerox sales agent. People arrested are: Marjorie Thetford, former risk management supervisor of the school district. Keith Sutherland, Chief Financial Officer of school district. Mathew Stavely, owner of Lone Star Copiers. Gilbert Gene Ayala, of Lone Star Copiers. Violations apparently committed on 12/16/2002. Charge is that Lone Star Copiers convinced school district that they were buying off an existing state government contract, when in fact it was not contract pricing that was offered. Contract resulted in school district being over-billed by more than $1 million dollars. Possible sentence is 5 to 99 years in prison. Involved 22 copiers that were acquired, and also the removal of the previous vendor’s copiers which were then apparently resold by Lone Star Copiers.
When competing against the Xerox WorkCentre 7655 color MFP, remember these points:
Become a member of the P4PHotel (its FREE), then go to the Competition Lounge Forum to get the skinny on the Xerox WorkCentre 7633 color MFP.
Fuji Film of Japan (maker of most of Xerox copiers and printers) announced the following financial news:
Company is feeling effects of reduced Xerox equipment sales
Will fire 1,250 employees to cut costs, or 5% of its workforce
Restructuring costs of 8 billion yet ($81 million)
Stock shares went down 6.4%25% drop in profit
Will spend 35 billion buying back stock share to boost value
Metzgers Printing & Mailing of Ohio purchased a Xerox iGen4 production color system (MSRP is $640,000.00) CDS Global, a print for pay in Iowa, announced it will buy a second Xerox iGen3 production color system to produce the SmartMoney mailer. Xerox announced it will relabel a Samsung b/w laser MFP, and call it the WorkCentre 4260, running at 55ppm, but is A4.
Canon announced it will launch three new b/w production systems, the imagePRESS 1110, 1125 & 1135 offering: all made by Canon (unlike existing high end b/w Canon systems, the imageRUNNER Pro+ 7000 series, which are actually relabeled Kodak-made products)110ppm, 125ppm and 135ppm.
Designed to compete against similar products from Ricoh
All are driven by optional EFI Fiery print server
When competing against the Canon imageRUNNER C5185i color laser MFP:
Become a member of the P4PHotel (its FREE), then go to the Competition Lounge Forum to get the skinny on the Canon imageRUNNER C5185i color MFP.
Canon is now shipping the imagePRESS C1+, which replaces the imagePRESS C1. The new model features: