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November 25, 2002 Headlines--- Pictures from the Past-2000-Mayhall,
Thorne, Lynse Clarification:
Bankers Leasing, Iowa Classified
Ads---Job Wanted/Help Wanted How
Bad is It? ----Russ Wilder,ATEL West
Coast dockworkers, shipping companies reach tentative
agreement Letters---eMail
to Leasing News Expanding
California's Technology Sector---J.Murti Jackson
and Merrill Assume New Positions at Fifth Third Mort:
Rams Might Consider Trading Warner Some Trip, but Others HitStride in Stretch ###
Denotes Press Release -------------------------------------------------------------------------------- Pictures from the Past
-2000-
Mayhall, Thorne, Lynse
David Ross Mayhall-Pacific Capital Leasing,
Andrew Thorne, Thalman Financial, Curt Lysne, CLP—GE Capital/Colonial
Pacific Clarification: Bankers Leasing, Iowa (Leasing News identified the offices of Bankers Leasing and its subsidiaries
owned by CitiCapital that closed, Illinois, New York,
and in case there is any confusion to any other similar company, such as this one
in Iowa, we print this clarification:) I just want to let you know that there is more
than one Bankers Leasing.
We are located in Iowa, and our name is Bankers
Leasing Company.
We are not connected with the Bankers Leasing
(I believe it is Bankers Leasing, Inc.) that you are publishing articles about. I would
like for you to make that clarification clear to
your subscribers, as we have been fielding calls
from our vendors throughout the country regarding
these stories.
These stories are having a negative impact
on our business. Please issue a statement/clarification to your
readers. Thanks. David R. Selden, President Bankers Leasing Company (800) 247-8136 ------------------------------------------------------------------------------------------------------------ Leasing News List
is Up-dated: The Week's Economic Events November 25 MONDAY Existing-Home Sales: October November 26 TUESDAY: G.D.P.3rd Qtr. revised New-Home Sales: October Prices of New Homes: October Consumer Confidence: November November 27 WEDNESDAY Personal Income: October Durable Goods Orders: October. Beige Book: Weekly Jobless Claims November 28 THURSDAY Thanksgiving None November 29 FRIDAY None Busiest shopping day (6th retail single sales day) (Note: in comparing October, 2001, with this year, it was the month after "September 11"; a better comparison may be with October,2000. Editor) ------------------------------------------------------------------------------------------------------------ Classified Ads---Job Wanted/Help Wanted Sales: Dallas, TX Director, Business Development for international
financial institutions. Global vendor programs with
minimum sustainable volume of $24M annually. CFO
and Treasury contacts with major technology and
energy corporations.Email:tkorpolinski@ev1.net Sales: San Francisco Bay Area, CA 10+ yrs in middle market leasing. Seek direct
lessor only. Transaction size from $500M to $10.0MM.
Client base: printing, food, retail, hvy manufacturing.
Email:edm173@sbcglobal.net Sales: Seattle, WA Sales professional, looking for sales/leasing
position to work from home office. Tenacious, aggressive,
personable. Strong on the phone. Outstanding PC,
cold-calling, and closing skills. Email:bsmith@mybillsmith.com Sales: Phoenix, AZ Sales professional with 10 years of leasing
experience, seeking a direct leasing company. Currently
in the IT leasing market with vendor relationships,
Small/middle market arena. Email:cycling4fun2002@yahoo.com Sales: San Francisco Bay Area, CA 10+ yrs in middle market leasing. Seek direct
lessor only. Transaction size from $500M to $10.0MM.
Client base: printing, food, retail, hvy manufacturing.
Email:edm173@sbcglobal.net Sales: Mission Viejo, CA Account Sales Executive with 10 years of leasing
experience looking for company to bring existing
customer base. Email:makelly21@hotmail.com Sales: Louisville, KY I have been in leasing/financing of construction,
machine tool, and mfg equipment for 20+ years. Traveled
KY, IN, OH and TN. Email:kyle90@msn.com Sales: Orange County, CA. Skilled deal-closer at above-average rates.
Entrepreneurial. Accomplished lease-structurer specializing
in transportation. Exp. in direct/ captive &
syndicator environments servicing vendors, brokers,
& end-users. email:originator@sbcglobal.net http://65.209.205.32/LeasingNews/JobPostings.htm Sales:Warminster, Bucks County, PA. 18 yr old, prof. lessor seeks net PVP motivated
sls pros. Top funding & backroom capabilities. email:sbrown@capitalinnovations.com"NAELB" Sales: National: 7 offices Medical & IT/
plus. Seeking professionals w/solid book of business
& high ethics. Exceptional support & commissions.
Expenses paid. 616-459-6800 Email: gsaulter@chaseindustries.com
"UAEL" New “Help Wanted” policy: $50 a line with a four line minimum We are hoping that the Help Wanted ads not only
help people find jobs, and companies find people, but help support
at least for the website work of our staff. Alexa
reports our site as number three in most visited.
We also send out 5,000 e-mail to readers who must
ask to join our mailing list. We do not spam. We
are also very well read as per the many testimonials
we receive, and we find people jobs. To help support our efforts, we are charging
for "Help Wanted" ads. We are much cheaper than our "competitors."
See for yourself: http://www.monitordaily.com/1mediakit/online_adv.pdf
The issue should not be that we are not cheaper,
but a better buy, as we get results. We have regular,
loyal readers. Most of our news comes from insiders:
our readers. The price per line is $50.00. The minimum size
ad will be four lines. Words may be abbreviated.
The ad will run for 30 business days. If the position
is filled before the 30 business days, there is
no discount for a shorter period of time. Once placed,
only minor changes will be made. Companies who commit to three months in advance
will be able to make changes to their space. Payment is to be made either by check sent to
Leasing News, 346 Mathew, Santa Clara, California
in advance or payment may be sent via paypal. We
will confirm the copy of the ad to you for your
approval before printing. Your confirmation of the
proof will also confirms the terms and conditions
of your ad with Leasing http://65.209.205.32/LeasingNews/PostingFormWanted.asp ------------------------------------------------------------------------------------ How Bad is It? --Russ Wilder, ATEL I agree with others. I've been in leasing or equipment financing
for over 24 years now and this is the deadest year I
have ever seen in terms of new business originations and this is the third
recession/economic slowdown I have been through. From
conversations with some of the CFO's or Treasurers, etc. of some of our lessees that I occasionally
talk to it is pretty clear that none of them are acquiring equipment except
to replace existing equipment that is just worn out or uneconomical
to keep fixing. Russ Wilder --------------------------------------------------------------------------------------------------- West Coast dockworkers, shipping companies reach
tentative agreement By Justin Pritchard, Associated Press SAN FRANCISCO (AP) West Coast dockworkers and
shipping companies have reached a tentative contract
agreement that could end the drawn-out labor dispute
that shut down the coast's major ports for 10 days
and prompted the president to intervene. The six-year deal would provide wage and benefit
improvements for union members, plus technology
and dispute-resolution improvements that the companies
needed, said Peter Hurtgen, head of the Federal
Mediation and Conciliation Service. He praised both sides, saying lead negotiators
''demonstrated statesmanlike leadership, which made
this agreement possible.'' The agreement, reached late Saturday, still
must be ratified by a majority of the 10,500 members
of the International Longshore and Warehouse Union.
A caucus of about 100 union members will meet Dec.
7 to vote on the contract, and the entire rank-and-file
will probably vote on it in early January, according
to union president Jim Spinosa. The major sticking points in the negotiations
had centered on the desire by the Pacific Maritime
Association, the industry group, for computerized
cargo tracking systems that will make dockside work
more efficient, but also cost an estimated 400 jobs.
The union, in return, wanted increased compensation
and pension benefits. ''With this contract we are ushering in a new
era of modernization,'' Joseph Miniace, president
of the PMA, said Sunday. ''Workers can harness technology and make it
work for them,'' said AFL-CIO Secretary-Treasurer
Richard Trumka, who joined the negotiations. ''They
can bridle it, saddle it and ride it to job, pension
and economic security.'' Hurtgen declined to give details of the agreement
but expressed confidence workers would be pleased.
''I think once they see the magnitude of the
pension increases, the wage increases it would be
phenomenal if they were to turn that down,'' he
said. Miniace said health care costs are expected
to nearly double from $220 million a year to $500
million by the end of the deal. Pensions, he said,
will end up costing companies more then $1 billion.
Sources familiar with the negotiations said
workers can expect raises of 10 to 15 percent over
the six years. In Tacoma, Wash., local union Vice President
Dick Marzano said workers were glad to have an agreement
before the Dec. 27 end to a Taft-Hartley cooling-off
period that was imposed by President Bush. ''It's a lot better to have an agreement in
hand through the collective bargaining process so
both sides can feel they've accomplished something,''
he said. The dockworkers' previous contract expired in
July. Union member Bernard Bowden, 45, of Antioch,
said he felt ''relief and a lot of apprehension''
about the tentative agreement. ''Six years? You know how things change,'' said
Bowden, who has worked at Oakland's port since 1983.
''It's too long to have a contract.'' The shippers' association had locked out dockworkers
at the 29 major Pacific ports for 10 days, leading
President Bush to invoke the Taft-Hartley law to
open the docks Oct. 9 to avoid an economic crisis.
The ports handle more than $300 billion in trade
each year. The union's top lawyer, Rob Remar, said hard
feelings among rank-and-file over use of Taft-Hartley
could complicate ratification. ''There's a real
bitterness that is going to linger with them for
a long time,'' he said. The lockout began after the companies accused
the union of an illegal work slowdown to gain leverage
in the contract negotiations. Some economists estimated that the U.S. economy
lost $1 billion each day as cargo piled up at the
docks and ships waited at anchor offshore. Some
factories shut down for lack of supplies. Bush was the first president in 24 years to
invoke the emergency provision of the Taft-Hartley
Act in an attempt to halt a labor dispute. He also
was the first president in history to use the act
to stop a lockout, not a strike. Taft-Hartley has been invoked 11 times in port
disputes in the past, of which only nine were successfully
resolved. On the Net: Union: http://www.ilwu.org/ Maritime Association: http://www.pmanet.org/ --------------------------------------------------------------------------------------------------- Letters---eMail to Leasing News Name = Gary E. Opalewski, CLP Address = 1560 N Sandburg City = Chicago State
= IL Zipcode = 60610 Phone = 312-932-9571 Fax = Email = gopi1@ix.netcom.com Source = Add me to the mailing list = yes
Comments = I am a very appreciative and regular
reader of your email
newsletter. I
find it to be a great resource for our industry.
However, because of a hectic schedule it isn't
always possible to read the entire publication and it would be great
if the header introduction listing for the articles to follow were hyperlinked
to the article?
In that way you could jump right to the article of interest.
I know it’s probably a nit - but I get annoyed scrolling through the stuff
that doesn't grab my interest when I'm pressed for time - that' always.
Keep up the good work. Regards, Gary E. Opalewski, CLP <Leasingnews.org contains the daily newsletter
and you can click on the headline to go to the story. The e-mail version
is sent in text as no virus can attach in text format, in addition,
it is sent out early morning like at 1:30am to 2:00am. We are not
able to also send out in html format with the feature of clicking on
the headlines to the story. You will note, if the story is too long, we
just do a brief and point to the website. <We are told readers also print the version,
or even re-format into a newspaper style. Sometimes there are more than
12 pages, but readers tell us they like to read in print.> Thank you for the reply. I guess I am not utilizing the full measure
of your service. Now that you mention it, I often have your email on my PDA and read it at more convenient "waiting
times" or on the plane and the text format does conserve space. No need to mail me anything unless "there's more" than in your email
update? As
to "quoting me" - feel free. Gary E. Opalewski, CLP Email to: gopi1@ix.netcom.com Office: (312) 932-9571 Cell: 312-735-2634 Mail
to: 1560 N. Sandburg Terr. Suite 1915 Chicago, IL 60610-7716 --- . I work for Ryan Capital Leasing. My manager periodically forwards me subject
of interest from your newsletter.
Could you please include me on your subscription
list. Thank
you, Wesley
Overstreet Ryan
Capital Leasing Corporation 340
Eisenhower Dr., Suite 630 Savannah,
GA 31406 Phone:
(800)541-6370 Fax:
(912)352-0706 woverstreet@ryancapital.com
online
@ www.ryancapital.com With 30+ years of service within the leasing
industry I wanted to let you know how much I enjoy
your newsletter. More importantly though, as a Giant fan for
even longer, you and the 49's will have my support
and yes undying gratitude for there upcoming victory
Monday night. I'll
be looking for you.
Joseph P. Luick
Phone (201)
567-5037 Fax (201)
567-4993 e-mail jluicksr@aol.com
There is always something of interest .I really
enjoy your newsletter and website.... When I have
time to read it all. Keep
up the good work Richard M. Volk Trinity Leasing Company Southfield Park Tower II, Suite 300 12835 E. Arapahoe Rd. Centennial, CO 80112 Office: 303-643-6490 Cell: 303-435-6196 rvolk@trinityleasing.com Fax: 303-643-6499 PS: Did I ever mention to you that the objective
content of your newsletter played a part in my company
winning venture capital backing? How you might ask? I referenced your new letter to several investment
groups seeking a creditable third party source for
"a realistic perspective on the industry".
Thanks in part to your "no holds bare"
style, they felt I warrented a chance. Please feel free to quote. Richard --- I'm
always impresses by your level of professionalism
and personal interest. Richard
Vara vararj@yahoo.com Expanding California's Technology Sector Jonathan Murti American Leasing "Expanding California's Technology Sector". Sun Microsystems
Santa Clara Campus Assembly
Subcommittee on Information Technology, chaired
by Assembly Member Manny Diaz, together with the
California State World Trade Commission. The purpose of the meeting was to provide business
leaders in Silicon Valley a forum whereby they could
hear industry and economic specialists talk about
the future of the economy, as well as suggest ways
that California could encourage economic growth.
Below are some highlights of the meeting: The Challenge in Expanding California's Technology
Sector "The technology industry has suffered as
the state and national economy slipped into recession. Not surprisingly, the slump in the IT industry
hit California, as the leading information technology
state, very hard.
Even within California, there has been a
more significant impact in Northern California,
especially Silicon Valley, in contrast to an almost
untouched Southern California economy. The good news is that the consensus of forecasters
is that the economy has hit bottom and has begun
improving. An economic resurgence is likely to benefit
the IT sector.
The bad news is that the improvement for
the IT industry is expected to be slow. A return
to the rapid growth that was the hallmark of the
late 1990's is highly unlikely anytime soon." -Excerpts from a Briefing Paper prepared at
the request of Assembly Member Manny Diaz by the
California Research Bureau Challenges Facing Silicon Valley; New Ideas
for Revitalizing the Valley's Tech Industry Panel: Rick White, CEO of TechNet: "We need to continually improve California's
education system and make it number 1 in the country
by emphasizing math and the sciences….." Dr. Phillip Alveda, Chairman and CEO of Idetic
Wireless Technologies: "The venture capital community needs to
support fantastic ideas in the early stages in order
to promote…" Walter Reichert, Director of International Relations
and Trade Policy for Hewlett-Packard: "Corporations need to communicate and get
the word out to industry leaders when ever there
are foreign companies looking to partner with US
entities…" Being a life long California resident, I found
the forum fascinating and came to the realization
that the California State Government has more resources
than I ever knew were available to help expand the
technology sector, and thus boost the state's economy. ############ ########################################## Jackson and Merrill Assume New Positions at
Fifth Third Fifth Third Bank, Cincinnati, Ohio, announces
the promotion of David A. Merrill to Manager of
Fifth Third Leasing Company. Merrill has been with
Fifth Third for 10 years and was most recently National
Sales Manager. Merrill replaces David A. Jackson,
who has been promoted to Senior Vice President in
Fifth Third's Consumer Lending Division. Jackson
will be responsible for the Bancorp's Indirect Consumer
Lending activities, which include automobile, boat,
RV, and home improvement financing. CONTACT: David A. Merrill Fifth Third Leasing Company Phone Number: 513-579-4139 Fax Number: 513-534-6706 E-mail: david.merrill@53.com ( courtesy ELAonline.com ) ############### ############################################## Mort: Rams Might Consider Trading Warner According To Chris Mortenson of ESPN, Kurt Warner’s
future as a Ram might be on the line over the next
six weeks. Mortenson says the 7 year, $45 million contract
Warner signed in 2000 is really a two part deal.
The three year $50 million part of it
expires after this season with the team having
the option on the balance March 1st. When pressed two Rams sources didn’t dismiss the notion that Warner’s various
injuries, lackluster performance, and the emergence
of Marc Bulger could force the team to think about
trading Warner before next March. --------------------------------------------------------------------------------------------------- NFL
Football Wrap-up: Some
Trip, but Others Hit Stride in Stretch By BILL FINLEY New York Times Get to the 12th week of the season, have at
least 23 teams still alive for postseason play,
pit what may be the two best teams in the National
Football Conference against one another, schedule
13 games that have playoff implications and it is
bound to be an interesting Sunday afternoon. Week 12 in the N.F.L. did not disappoint. Even
the one game that meant nothing turned out to be
a thriller. The Bears (3-8) scored 10 points in
the final 2 minutes 33 seconds of the fourth quarter
to force overtime before scratching out a 20-17
victory over the Lions (3-8). The marquee game was Green Bay at Tampa Bay.
The Buccaneers won, 21-7, but as climactic as that
showdown may have seemed, its significance was limited.
Green Bay (8-3) and Tampa Bay (9-2) are sure bets
to make the postseason. The game was more about
bragging rights and possible home- field advantage
through the playoffs. It was the next level of games that produced
the most significant developments. It may not come as any consolation to disheartened
Giants fans, who watched their team squander an
opportunity in a 16-14 loss to the expansion Houston
Texans (3-8), but the Giants (6-5) were not alone.
The Saints (7-4) fell two games behind Tampa Bay
in the N.F.C. South with a 24-15 loss at home to
the rejuvenated Browns (6-5). Jacksonville (5-6),
hoping to stay in the race in the American Football
Conference South, lost by 21-19 to the Cowboys (4-7).
Tennessee (6-5), a winner of five straight, could
not handle the host Ravens (5-6), losing by 13-
12. But no team suffered a more consequential setback
than the Rams. Marc Bulger had improbably led St.
Louis to five straight victories after the team
started 0-5, but Bulger was out yesterday with an
injured finger and replaced by Kurt Warner. Warner
had been scheduled to start even before Bulger's
injury. Warner was not the problem, but neither
was he the solution. The Rams dropped to 5-6 with
a 20-17 loss to Washington (5-6). Warner was 34 for 49 for 301 yards with 2 touchdowns
and an interception. "It doesn't matter how I did," Warner
said. "We didn't win." As those teams slipped, the Browns, Falcons,
Steelers and Dolphins were among the big winners.
Cleveland has won four of its last five to remain
in contention to win the A.F.C. North title. The
Falcons started 1-3 but are 7-3- 1 after their 41-0
victory over the Panthers (3-8). Miami (7-4) continues
to survive without Jay Fiedler, who might be able
to play next week. The backup quarterback Ray Lucas
had his second straight strong game as the Dolphins
won, 30-3, over the Chargers (7-4). Playing without
the injured quarterback Tommy Maddox, the Steelers
(6-4-1) proved they could just as easily win with
Kordell Stewart. The Steelers beat Cincinnati (1-10),
29-21 |
