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January 26, 2007 | From the Associated Press
IBM Corp. is spinning off its printing division into a new company that Japan's Ricoh Co. will control. The move is part of IBM's continuing efforts to pare sideline businesses and focus on more profitable segments of the technology industry. Ricoh will pay Armonk, N.Y.-based IBM $725 million in cash upfront and an unspecified amount later. Ricoh initially will own 51% of the new company, InfoPrint Solutions Co., and will take full ownership within three years.
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BUSINESS
January 26, 2007 | From the Associated Press
IBM Corp. is spinning off its printing division into a new company that Japan's Ricoh Co. will control. The move is part of IBM's continuing efforts to pare sideline businesses and focus on more profitable segments of the technology industry. Ricoh will pay Armonk, N.Y.-based IBM $725 million in cash upfront and an unspecified amount later. Ricoh initially will own 51% of the new company, InfoPrint Solutions Co., and will take full ownership within three years.
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BUSINESS
January 20, 1988
Akira Suzuki has been named president of Ricoh Corp.'s system products business, based in San Jose. Suzuki previously was assistant to the president and general manager of Ricoh Co.'s research and development center in Yokohama, Japan.
BUSINESS
January 10, 1997
Ricoh Co.'s U.S. unit was named in a $50-million trade secret and copyright infringement suit by Compulink Management Center Inc. of Torrance. The suit claims the Japanese office equipment maker violated a license agreement with closely held Compulink by signing a similar agreement with another company. That company, Data Access Technologies of Alhambra, is run by a former employee of a Compulink reseller and a former Compulink sales executive.
BUSINESS
August 28, 2008 | From the Associated Press
Ikon Office Solutions Inc., which sells and leases office machines, has agreed to a $1.62-billion buyout offer from one of its suppliers, Ricoh Co. of Japan. The deal adds Ikon's 400 sales locations in the U.S., Canada and Western Europe to Ricoh's primarily Japan-based business. It also will combine Ikon's sales and service capabilities with Ricoh's engineering and manufacturing expertise, Ikon said. The cash offer of $17.25 a share disclosed Wednesday represents a 33% premium to Ikon's average stock price for the last two months, the companies said.
BUSINESS
October 10, 1990 | CRISTINA LEE, TIMES STAFF WRITER
Ricoh Electronics Inc. has named a new president, Katsumi Yoshida, to succeed Koichi Endo, who has been reassigned to the Tokyo parent company. Yoshida, who formerly headed parent Ricoh Co. Ltd.'s overseas production division in Tokyo, will oversee Ricoh Electronics' three Orange County manufacturing sites, where more than 90% of the unit's 1,300 employees are based. The Tustin-based unit is opening a fourth manufacturing plant today in Gwinnett County, Ga.
BUSINESS
October 2, 2001 | Bloomberg News
Ikon Office Solutions Inc., the largest U.S. distributor of Canon Inc. and Ricoh Co. copiers, will eliminate about 2,600 jobs and said profit for the quarter that ended Sunday will be lower than forecast. Ikon said profit from operations was 9 cents to 12 cents a share in the fiscal fourth quarter, less than its estimate of 14 cents. Ikon will have a loss after taking a pretax charge of about $65 million for the job cuts and exiting some businesses.
BUSINESS
May 9, 1990 | CRISTINA LEE, Times staff writer
Irvine, which is home to two major Japanese manufacturers, ranks among the three most popular areas for Japanese business people to live in the Southland, according to a survey by the Japan Business Assn. of Southern California. The survey, conducted in January, calculates the number of Japanese-nationalbusiness people's children enrolled in Southern California schools. Two other areas popular with Japanese business people are the city of Arcadia and the South Bay area.
BUSINESS
April 26, 1995 | From Reuters
Sony Corp. won a round Tuesday in its battle with Toshiba Corp. over a key consumer electronics technology when three major Japanese disk-drive makers joined the Sony camp. Two groups of electronics firms led by Sony and Toshiba are promoting rival formats for next-generation digital video discs, which are expected to become a powerful new medium for selling movies and other entertainment programs.
BUSINESS
March 3, 1996
* Takahide Kaneko has been appointed president of Ricoh Electronics Inc. in Tustin. He succeeds Katsumi Yoshida, who was named vice chairman of Ricoh Corp. in West Caldwell, N.J. Yoshida will also serve as chairman of Ricoh Electronics. Kaneko was previously manager of the purchasing division at Ricoh Co. Ltd. in Tokyo. * John J. Sheehan Jr. has joined Nationwide Health Properties Inc., a Newport Beach real estate investment trust, as vice president of development.
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