http://www.marketwatch.com/news/story/global-imaging-an...3B49C5%7D&dist=msr_1
-Boston Mike
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quote:Summary: This was one of Ricoh's largest dealers in the North East, another hit for them and probably all the more reason to keep expanding direct. Canon? Where were they, you haven't heard squat from them since Ricoh bought IKON except for a purchase of NewCal in California.
quote:Originally posted by JT:
I will say that it was amazing how little time it took for our competitors to hit the phones to our currents and start the negative fear mongering.
quote:I don't think it's appropriate to view the ComDoc acquisition as somehow counter to the spirit of the 3,000 jobs eliminated by Xerox.
quote:Global operates as wholly own sub of Xerox and has been buying well run dealerships before Xerox and will continue to aquire dealerships if it makes good business sense.
The layoffs and the purchase are mutually exclusive
quote:Well. what if Ricoh laid off 3,000 workers and and IKON (a Ricoh company) went out and bought a 150 million dealer?
quote:"It is fact that as Ricoh did indeed lay off employees, they went out and purchased IKON."
quote:Yes, but which logical fallacy is occuring? Is it post hoc, where we falsely assume that because B followed A, A must have caused B, or is it Joint Effect, where B is held to have been caused by A when in fact A and B were the joint effects of another cause?
quote:Originally posted by JasonR:quote:Originally posted by Art Post:
What will be paid for Comdoc??? 50 million, 100 million???
It will be much more than that, they have annual revenue of $125 million last I heard. Going price is (depends upon the situation) a few times annual revenue.
quote:Originally posted by Laxfan25:
What were IKON's annual revenues and what did Ricoh pay? Much less...
quote:DID XEROX or GLOBAL make this acquistion?
Press Release states GLOBAL - you all need to quite hatin and move on with your copier lives....
quote:I've heard the sale price should be about 5 times earnings
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