Leasing News

“Actually not doing too much lately at least in the leasing business. May work at some municipal leasing this year with all the problems most municipalities are having with budgets, etc. Who knows might pick up a deal here and there. Have done an occasional

deal. Have considered doing some outsourcing work for lease companies but

frankly haven't taken the time to go after it actively. Might interfere

with a golf game or tournament. Playing some golf and doing a little

marketing of golf related products for tournaments and also clothing wear

for companies wanting something special at the right price.

“ Currently living in Pahrump, NV but will be moving next month to Lake Havasu City in AZ. Looking forward to that move. Have tried to keep up to pace with the

industry thanks to your newsletters. Always interesting to see what some of

my friends and acquaintances are doing these days. Keep me on your mailing

list. That in a nutshell is what is going on today. Anxious to see the

picture, I think.”

Jerry Withrow

Double Eagle Partners

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Classified Ads---Help wanted

SALES: Lessor/Broker seeks experienced small - mid ticket reps (IT, Furniture, Telcom, Medical and General), 2 in CA, 2 Nationally and 2 in NE. Must have a book of business. Qualified Vendor leads available, strong commission & support, Draw and benefits. Call 617-641-9628 ext.11 or email MarkG@IntegrityLeasing.com

Sales: LCA is a small ticket leasing company seeking results-oriented, qualified sales professionals with outstanding performance in the lease industry. We offer competitive salary, commissions and benefits. Fax: 248-524-0267 email: kbernia@leasecorp.com

Sales: Lessor/Broker-Arizona- need experienced mid-market salesperson, location open, strong medical bkrnd pref. Top comm, draw, benefits. Call John Torbeson 888 607 6800 john@odysseyequipfinance.com

Sales: Small ticket leasing reps, General equip. & medical, Municipal Vendor leads are provided. Fred St Laurent freds@bwresults.com

________________________________________________________________

Alert---Tech Com

Ernest Robert Reinhardt ("Ernie") is the ring leader of Tech Com, wanted

by various Southern California local law enforcement agencies. It is reported that he has fled to Nevada, where he may continue to operate. The Dana Point police

have turned the case over to the FBI in Las Vegas because of the size involved

and the crime has crossed state lines.

The FBI special agent in charge of the investigation is Special Agent Dean

Morse (702) 366-7154.

Universal Equipment, Dana Point, approached at least three funding sources, all which had direct vendor programs (Advanta, Orix, ABL), in the summer of 1999 to get approved as a vendor on the respective vendor finance programs. He

has operated under several names, knowing the workings of equipment leasing.

Ernie and Universal blundered when they submitted financials to one source to get approved, problem was they used the exact same financials as those that they submitted on behalf of one of their clients

It is reported the fraud involves over $1 million dollars from various leasing

companies.

Any information as to his whereabouts, please contact Special Agent Dean

Morse (702) 366-7154.

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Rates Soft in Treasury bill auction

WASHINGTON Continuing to soften with less demand, interest rates fell on short-term Treasury securities in Monday's auction.

The Treasury Department sold $18 billion in three-month bills at a discount rate of 1.150 percent, down from 1.155 percent last week. An additional $16 billion was sold in six-month bills at a rate of 1.165 percent, down from 1.185 percent.

This is the lowest since January 27 for both the three-month and the six-month rates. On January 27 the bills sold for 1.140 percent and 1.160 percent, respectively.

The new discount rates understate the actual return to investors 1.171 percent for three-month bills with a $10,000 bill selling for $9,970.90 and 1.188 percent for a six- month bill selling for $9,941.10. The supply still outweighs the demand despite rising oil, housing, and other costs indicating inflation may be around the corner with the pending war in Iraq.

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Attendee Registration Scheduled To Close This Week!

lessors.com 2003 Lease Syndication Showcase

Somewhere a syndication professional needs to identify a buyer.

Somewhere a syndication professional needs to identify a seller.

This is where we come in…

2003 Lease Syndication Showcase

Matching Buyers With Sellers In The

Commercial & Municipal Syndication Markets

March 10 | The Ritz-Carlton, Buckhead | Atlanta

Attendee Registration Scheduled To Close This Week!

An exclusive group of syndication professionals from the commercial and municipal equipment leasing markets will participate in an upscale, professionally intimate showcase at the elegant Ritz-Carlton, Buckhead hotel in Atlanta, GA on March 10th, where innovative promotion of lease syndication deal flow and relationship enhancement will be introduced.

http://www.lessors.com/Events-2003/Syndication/syndication.html

http://www.lessors.com/Events-2003/Syndication/inv-syn.html

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Venture Funds---How Bad is It?

Year-- Number of Funds-- Net Total Raised

(dollar figures are in millions)

2002--134 $1,855

2001-- 331 $40,713

2000-- 653 $106,933

1999-- 460 $61,911

1998—297 $31,351

1997-- 243 $18,102

1996-- 168 $12,394

1995—168 $9,782

1994-- 142 $8,129

1993—92 $3,674

1992-- 81 $5,339

1991-- 44 $2,049

1990-- 91 $3,504

1989—112 $5,699

1988—197 $4,630

1987—123 $4,537

1986—106 $3,896

1985-- 119 $3,924

1984-- 121 $3,246

1983-- 144 $4,161

1982-- 88 $3,004

1981-- 76 $1,566

Sources: Thomson Venture Economics; National Venture Capital Association

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FIRST AMERICAN EQUIPMENT FINANCE achieves third consecutive ranking on the "Rochester Top 100"

FIRST AMERICAN COMMERCIAL BANCORP, INC., d/b/a FIRST AMERICAN EQUIPMENT FINANCE was recognized by the Greater Rochester Metro Chamber of Commerce for the third consecutive year as the one of the fastest growing privately held companies in Rochester, NY.

The Rochester Top 100 ranks area companies based on revenue growth as measured in dollars and percentage change over the previous three years. The list is developed by the Greater Rochester Metro Chamber of Commerce and KPMG LLP. FIRST AMERICAN was recognized as #1 on the Rochester Top 100 list in 2000 and #4 on the Rochester Top 100 list in 2001. On this prestigious list for its third consecutive year, FIRST AMERICAN EQUIPMENT FINANCE was ranked #40.

FIRST AMERICAN is an independent, privately held leasing company, providing middle-market leasing and financing services. The recognition is particularly special at a time when, according to many leasing industry experts, many independent, middle-market leasing companies are struggling with sales and funding capabilities.

FIRST AMERICAN’s success is largely attributable to its intense focus on customer service. First American’s volume of repeat business is far above the industry average. “I believe we are the only national leasing company to commission an independent, written survey of lessee satisfaction across our entire customer base and publish the results,” said William Verhelle, First American’s CEO. “Our staff is committed to providing outstanding customer service -- and customer loyalty is a key factor in our continued success.”

FIRST AMERICAN has offices in New York, Illinois and California and provides service to customers in 48 states.

Further information about FIRST AMERICAN EQUIPMENT FINANCE may be obtained by contacting:

Tracey A. Sherwood, Vice President

255 Woodcliff Drive, Fairport, NY 14450

Phone: 585-598-0900, ext. 262

Email: tracey.sherwood@faef.com

Or visit FIRST AMERICAN on the Worldwide Web at http://www.faef.com.

( courtesy ELAonline.com from their new revamped web site )

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Opening a Bottle of Wine

by Christopher Menkin

One of the rituals in opening wine has become a ruse at many restaurants. When the waiter pulls out the cork and suggests this is letting the wine breathe, the waiter does not deserve a larger tip for this service. They are number one showing you that you are buying the bottle of wine you ordered by opening it in front of you. The cork may show that it was bottled by the producer on the label, and if it

is rotten, so may be the wine. It serves no other purpose.

Wine only will “breathe” when it is poured at once into the glass, or decanted. Please don’t be fooled by any waiter who suggests the bottle be allowed to breathe by taking out the cork. Any Silicon Valley engineer will tell you not much air is going to get to the surface down this small hole. It is a big joke.

Either have the waiter pour the wine into your glass, or better yet, ask the

waiter to decant it. Decanting is not just to get the wine clear of any deposit

often found in aged wine or wine that is not “de-fined.” It brings “life” to

the wine. People don’t like sediment, so wine is processed to remove the remnants, called “filtering” or “finning.”

Decanting is not just to get the wine clear of deposits. Rare are young California

filtered wine found with sediments. By the way, some wine aficionado’s prefer “unfiltered” wine. They claim it adds more flavor, especially when the wine

is aged.

All younger wine needs to be “aerated.” This applies to white wines as well as red wine. Two hours are the general recommendation, but even a half-hour is better than just taking out the cork.

It is also recommended to let an older bottle stand upright as long as possible before serving it. If you bring an older bottle, keep it upright before opening.

If the aged wine you are being served was on its side, as it should be, decanting

will only get the big deposits. The fine deposits need time to settle. If you are

bringing a ten year old California wine from home, keep it upright in

transporting. Unless you want to get every drinkable drop, you don’t need a candle or bright light to see the deposits. We have electric light bulbs today, compared to the late 1880’s in France. A funnel is helpful, but often not necessary. Sometimes it is more for show than anything else ( nothing wrong with that, as the production of opening an old bottle of wine should have some reverence.)

When opening an old bottle, just be deliberate. Certainly don’t jerk the bottle side to side, be tender, and simply do the decanting slowly. And if the waiter wants a bigger tip, make him earn it, tell him you want your wine decanted, please.

( If you have not visited our "Wine and Spirits" Recommendation page, we invite you to go to: http://two.leasingnews.org/Recommendations/wnensprts.htm )

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Intel Co-Founder Wants to Delay 'Forever'

By Michael Singer

Internews.com

( Leasing News presented the news from the major rival AMD yesterday about

the introduction of their 3gig CPU. editor)

SAN FRANCISCO -- When Intel (Quote, Company Info) co-founder

Gordon Moore (define) postulated the size and speed of future chips, the thinking was that things would eventually slow down because of the limits of silicon.

Now the 74-year-old Chairman Emeritus isn't so sure.

"No exponential is forever, but we can certainly delay 'forever,'" Moore said appearing before the IEEE (define) International Solid-State Circuits Conference here. "Exponentials tend to distort what we are capable of. This is the largest value-add industry that I know of because we start with sand and produce computer chips. There is still a lot to do and there are still some clever ways of achieving our goals. There was a time when you couldn't get a gigabyte on the highest IBM machine."

Intel co-founder Gordon E. Moore predicted Monday that the semiconductor industry will maintain its torrid pace of development for at least another decade, regardless of normal fluctuations in the economy.

Intel's chairman emeritus is best known as the father of ''Moore's Law,'' his 1965 theory that the number of transistors on a computer chip would double every year or two. Originally seen as little more than an optimistic speculation in an obscure trade publication, Moore's prediction became the guiding principle of the semiconductor industry in the 1970s, and it explained the sector's gangbuster growth in the 80s and 90s.

Moore, who co-founded Santa Clara-based Intel Corp. in 1968 and served as chief executive from 1979 to 1987, said he saw ''no apparent roadblocks'' for Moore's Law for at least another decade.

Growth in the semiconductor industry, he said, would equal the growth in the world's gross domestic product by 2017 if the industry continued its scorching pace.

Overall, the chip industry has maintained an average growth of 80 fold every year and Moore sees no sign of slowing down in either the amount of transistors being shipped or the incredible shrinking size of the chips. For example, current conventional transistors are produced at the 130-nanometer (nm) and 90nm process level with 60nm due out in 2005. Given Moore's estimates of 2 or 3 years between generations, 45nm and 30nm processors should be readily available by 2010.

"Below 30nm it's not clear which direction we will go because there is always some type of catastrophe in the future... always some type of challenge," Moore said.

Part of the solution is a necessary step in lithography to print and etch lines on semiconductor wafers closer together.

In that stead, Moore said Santa Clara, Calif.-based Intel is invested heavily in Extreme Ultraviolet (EUV) lithography, or EVU processes. The technology was spawned from Regan-era Star Wars program in a partnership between Sandia National Laboratories and Lawrence Livermore National Laboratories in California. The technology has had a profound number of transistors on a die, rising from 10 in 1960 to an estimated 1 billion sometime in the next two years.

"I thought that 1 micron would be as best as we could go, then we moved Ultra Violet light and now we're sub 10 micron and looking at printing lines at even smaller sizes," Moore said.

The other motivating factor in reducing size and power output is price. Year after year the price of semiconductors has dropped from about $1 in 1968 to 2 tenths of a dollar today. DRAM (define) chips are even lower with 250 transistors going for a dollar.

Moore admitted that early on, Intel's strategy was dropping the price to spur usage of its processors.

"You might think integrated circuits were easily accepted, but it was a hard sell," confessed Moore. "The circuit design people and the reliability people balked at how much it cost to build their own chips. We came in with a lower price and told them we would make it cheaper."

More pressing however is the industry's concerns over processor power in terms of active production and leakage.

"Currently the amount of power being put out by semiconductors is about at hot as a light bulb," said Moore. "I don't want a kilowatt in my lap. That would be uncomfortable. If power is going to have to come down we're are going to have to address this."

With the problem of leakage, Moore says the key is processor supply voltage. In the beginning, the standard was 12 volts with the most hovering near 2 volts.

"Again this can't go on forever just to overcome some of the noise problems. I suspect 1 volt would be the limit, but I have been wrong before," said Moore.

Intel is scheduled to present some 12 separate papers to the IEEE covering ways to decrease the amount of power needed to run computers while minimizing leakage.

The various technologies include a 5GHz Floating Point Multiply-Accumulator (MAC), new "Sleep" Transistors, an improved Multiphase Clock Generator and a 1.5GHz third-generation Itanium Processor.

Special----Leasing News Has Gone to the Dogs

http://www.accessatlanta.com/ajc/home/images/pooch0211.jpg

http://www.accessatlanta.com/ajc/living/photos/0203/westminster1/images/pic1.jpg

http://www.leasingnews.org/images/Brun Desk 2 (2).JPG

Breed contests winnow the pack at Westminster dog show

The New York Times

(Tonight on TV-- watch the grand finale )

NEW YORK -- He's 4 1/2 years old, and he has

traveled to business appointments in a chartered Lear jet. But no more. This was his last business stop, and now he will be retired to a life of stud duty.

Ch. Marienburg's Repo Man, a Doberman pinscher, was the top-ranked working- group dog in the nation last year. But he was eliminated in the Westminster Kennel Club's group judging last year, and on Monday, in the 127th annual edition of the showcase of American dogs, he was beaten in the breed competition.

The two-day show in Madison Square Garden attracted 2,603 entries; all the dogs had won enough honors in their careers to qualify as champions and carry the coveted Ch. before their names. They represent all 159 recognized breeds and varieties.

Breed judging was held Monday morning and afternoon in four groups: working, terrier, toy and nonsporting. The breed winners in each group were judged Monday night for group honors. A similar format awaits on Tuesday in the three remaining groups: sporting, hound and herding. Then, at 10:30 or so Tuesday night, the seven group winners will compete for the best-in-show title.

Repo Man, the Doberman who lost early, competed in about 170 shows last year, said his handler, Moe Miyagawa of San Jacinto, Calif. In his career, the dog has been best in show 56 times.

"You can't fault his movement," Miyagawa said before the competition. "He has a tremendous temperament for a Doberman. He's very calm, rarely aggressive, but he still protects the house.'

Repo Man's problem was trying to beat so many other exceptionally strong Dobermans. While he showed well, others showed better, and he emerged with an award of merit, an honorable mention in a competition where only first place really counts.

The breed winner was Ch. Blue Chip Purple Reign, an elegant bitch barely 2 years old. She is owned by Christine Spiniello of Glen Gardner, N.J., and Maureen Coulter-Grossman of Las Vegas. The dog was bred by Spiniello and lives with her.

The breed judge was Theresa L. Hundt of Newtown, Conn., who has been a leading handler of Dobermans.

Hundt called the winner "a great bitch, well balanced, absolutely lovely."

Last year's beaten favorite for best in show got off to a strong start this time. The dog, Ch. Torums Scarf Michael, a 6 1/2-year-old Kerry blue terrier known as Mick, won the breed competition over three rivals.

He finished the year as the nation's top-winning terrier. But a year ago, when Westminster seemed his show to lose, the English-bred Mick lost to a since-retired miniature poodle bitch, Ch. Surrey Spice Girl. That night, his handler, Bill McFadden of Acampo, Calif., said: "There are no surprises at Westminster. You plan for the worst and hope for the best."

The Kerry blue might have been too excitable then, and he was excitable on Monday. In a setting where dogs seldom bark, he barked seven times. He stood nose to nose with one rival and stared him down. The breed judge, Elliott B. Weiss of Eagle, Idaho, loved it.

"There's nothing I didn't like about him," the judge said. "Your eye is not drawn to any one piece. He looked at another dog and looked through him like he wasn't there. He's typical of what you want in a Kerry blue."

Another best-in-show contender, a 3 1/2-year-old Shih Tzu named Ch. Hallmark Jolei Raggedy Andy, survived a tough breed competition. Andy, the nation's top- ranked toy dog last year, got the nod over Ch. Ultra's No Turning Back, a 2 1/2-year- old bitch.

Frank T. Sabella of Fort Lauderdale, Fla., the breed judge, said he had liked Andy since he first saw him 18 months ago.

"He has the right shape, the most gorgeous head," Sabella said. "He moves like a million bucks. He's fabulous."

The judge gave the best-of-opposite-sex rosette to the bitch, and her handler, Wendy Paquette of Sudbury, Ontario, was satisfied.

"The other dog is older, and males are more mature," she said.

"They stand out more. So I have no complaints."|

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Dogs edge cats as U.S. pets

Statistical Abstract: Canines by a nose

By GENARO C. ARMAS

Associated Press

WASHINGTON -- Here's the truth about cats and dogs: Canines rule in American households, though just barely.

About 36 percent of homes with pets have a dog, while 32 percent of such homes have cats. Feline fanatics can take heart with this statistic: your pet sees the vet less often.

Those are just two examples from hundreds of pages of facts and figures about America found in the new Statistical Abstract of the United States, being released Tuesday by the Census Bureau.

The nearly 1,000 pages in the 122nd edition are light on words but heavy on numbers detailing life for Americans.

"We got all kinds of tidbits in here," said Glenn King, director of the staff that assembles the abstract. "It's America in numbers."

Here are some of them:

• Cat owners are slightly more likely to have more than one pet roaming the home. Dogs, meanwhile, are more likely to visit the animal doctor -- 85 percent of dog households took the pet to the vet in 2001, compared with 67 percent of cat homes.

• Nearly one in 20 pet-owning homes had a bird, and one in 50 owned a horse. Households that made at least $55,000 a year were more likely to have a dog, cat or horse, while homes that made less than $20,000 were more likely to have a bird.

• The larger the family, the more likely it was to own a pet, no matter what the animal.

How Smart is Your Dog?---by Breed

This is from "The Intelligence of Dogs", Stanley Coren, Free Press. 100 dog obedience judges rated breeds of dogs for overall working and obedience intelligence. Translation: what a dog can learn to do to make his or her owner happy. Stanley Coren concludes, "Pick a dog on the basis of your lifestyle. A border collie is an absolutely terrible dog for a working person. If you have a (smart) dog…you have to spend time with him."

His list then are 133 pedigreed dogs ranked according to their ability to learn owner-pleasing behavior.

01. Border collie 45. Australian terrier 89. Staffordshire bull terrier

02. Poodle 46. American Staffordshire terrier 90. Alaskan malamute

03. German shepherd 47. Gordon setter 91. Whippet

04. Golden retriever 48. Bearded collie 92. Chinese shar-pei

05. Doberman pinscher 49. Cairn terrier 93. Wirehaired fox terrier

06. Shetland sheep dog 50. Kerry blue terrier 94. Rhodesian Ridgeback

07. Labrador retriever 51. Irish setter 95. lbizan hound

08. Papillon 52. Norwegian elkhound 96. Welsh terrier

09. Rottweiler 53. Affenpinscher 97. Irish terrier

10. Australian cattle dog 54. Silky terrier 98. Boston terrier

11. Pembroke Welsh corgi 55. Miniature pinscher 99. Akita

12. Miniature schnauzer 56. English setter 100. Skye terrier

13. English springer spaniel 57. Pharaoh hound 101. Norfolk terrier

14. Belgian Tervuren 58. Clumber spaniel 102. Sealyham terrier

15. Schipperke 59. Norwich terrier 103. Pug

16. Belgian sheep dog 60. Dalmatian 104. French bulldog

17. Collie 61. Soft-coated wheaten terrier 105. Brussels griffon

18. Keeshond 62. Bedlington terrier 106. Maltese terrier

19. Ger. short- haired pointer 63. Smooth-haired fox terrier 107. It. greyhound

20. Flat-coated retriever 64. Curly-coated retriever 108. Chinese crested

21. English cocker spaniel 65. Irish wolfhound 109. Dandie Dinmont terrier

22. Standard schnauzer 66. Kuvasz 110. Vendeen

23. Brittany spaniel 67. Australian shepherd 111. Tibetan terrier

24. Cocker spaniel 68. Saluki 112. Japanese Chin

25. Weimaraner 69. Finnish spitz 113. Lakeland terrier

26. Belgian Malinois 70. Pointer 114. Old English sheep dog

27. Bernese mountain dog 71. Cav. King Charles spaniel 115. Great Pyrenees

28. Pomeranian 72. Ger. wirehaired pointer 116. Scottish terrier

29. Irish water spaniel 73. Black and tan coonhound 117. Saint Bernard

30. Vizsla 74. American water spaniel 118. Bull terrier

31. Cardigan Welsh corgi 75. Siberian husky 119. Chihuahua

32. Chesapeake Bay retriever 76. Bichon frise 120. Lhasa apso

33. Puli 77. English toy spaniel 121. Bull Mastiff

34. Yorkshire terrier 78. Tibetan spaniel 122. Shih Tzu

35. Giant schnauzer 79. English foxhound 123. Basset hound

36. Portuguese water dog 80. Otter hound 124. Mastiff

37. Airedale 81. American foxhound 125. Beagle

38. Bouvier des Flandres 82. Greyhound 126. Pekingese

39. Border terrier 83. Wirehaired pointing griffon 127. Bloodhound

40. Welsh springer spaniel 84. West Highland white terrier 128. Borzoi

41. Manchester terrier 85. Scottish deerhound 129. Chow Chow

42. Samoyed 86. Boxer 130. Bulldog

43. Field spaniel 87. Great Dane 131. Basenji

44. Newfoundland 88. Dachshund 132. Afghan hound