TWIR "This Week in Ricoh"

Ricoh announced that its DocumentMall off-site document management solution is managed by Savvis, Inc., and meets Statement of Auditing Standards No. 70 (SAS 70) Type II requirements. SAS 70 meets requirements of Section 404 of the Sarbanes-Oxley Act (SOX) for internal controls by public companies.

Ricoh announced it will resell OmTool’s AccuRoute Capture document management software, as an option for its models that offer embedded software options.

In an interview with Barron’s magazine, Ricoh’s CEO, Shiro Kondo, gave out following details:
- total global copier market is $28 billion per year
- “The current business environment has been challenging to say the least”
- Sales down 6% to $21 billion worldwide
- Operating profits plummeted nearly 60Z%
- Earnings per share fell
- Stock dropped from $111 to $63
- Generates half its revenue from software and services
- 55% of sales come from outside Japan
- In 2001, purchased Lanier
- In 2006, purchase DANKA Europe
- In 2007, purchased printer division of IBM, called InfoPrint
- InfoPrint division has yet to turn a profit
- by 2012, analysts expect it could add 100 billion yen in revenue
- In 2008, purchased IKON, which also has yet to turn a profit
- Expects IKON to deliver 280 billion yen in revenue
- Expects total company revenue to grow 3.3% this year and 10% next year
- “You may find these targets a little too aggressive, but we are determined to do our
best to achieve these goals”

- Ricoh released the MSRPs for its new b/w production print systems, the Pro 907EX, Pro 1107EX & 1357EX

- Pro 907EX mainframe = $40,000
- Pro 1107EX mainframe = $51,000
- Pro 1357EX mainframe = $62,000
- Letter size LCT = $3000
- Tabloid size LCT = $4850
- Bypass tray = $1400
- Cover inserter = $3500
- Multi folding unit = $9150
- Stacker unit = $15,750
- Stapling finisher = $5830
- Hole punch unit = $920
- Booklet finisher = $11,800
- Trimmer unit = $12,400
- Print controller = $3300
- PostScript print driver = $1900
- Ring binder unit = $24,825
- Perfect binder = $44,830
- GBC punch unit = $8995
- GBC die set = $475

-=Good Selling=-