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November
27,2001 Headlines--- Crocker Capital---Off the Record Dwight Galloway/Charles
Randall Special Thanks Major business events and economic events scheduled this week... Previous Ten Recession Dates/Associated Press Classified Ads---Up-dates AOL subscriptions swell to 32 million Intel Offers Great
New Microprocessor Chip Larry R.
Doyle Joins Farm Credit Leasing Board Television's `Today' show reveals some cracks after years of dominance “What Morning Show Do You Watch, for How Long and Why? “ ( Please give Leasing News your response and we will share the the information. ) ### denotes press release Crocker Capital Off
the record There
will be a lot of very unhappy people who lost their jobs The truth
is that Crocker had been hurting for about a year and Bill Booth (owner)
put in $500,000.00 of his own money to keep it afloat. He will come
out looking bad, but the truth of the matter is that he tried for
as long as he could. There
is no real purchase. Dimension
is taking a few of the sales rep's.
Name
With Held The
intention is that the sales people will be paid and, if Larry Wagner
has any say about it, they will be paid. Larry and Dimension are the
good guys here. So: First:
Dimension has "picked up" (or hired on) most of the sales
people from Crocker. There are two or three that haven't as yet been
offered positions in offices outside of the area. They are doing all
they can to support the sales team transition. Second:
Crocker Capital owes the sales people for the deals they originated
and the margin for the deals will be paid to Bill Booth and he will
be responsible for paying the sales people. Third:
Larry has plenty of money to pay everyone. He just doesn't owe anyone...Crocker
Capital does. Name
With Held (
Yes, he purchased some of the assets, which is "standard,"
and not the liabilities. Please do not infer that
Larry Wagner is doing anything
improper. editor ) _________________________________________ Dwight Galloway/Charles
Randall Fan Club "Your
article on Dwight Galloway and Republic Leasing proves the good guys
do win. Dwight and his partner, Charles Randall, are two of the finest
people I have ever met in or out of our industry.
In
addition, they have built a staff at Republic that is one of, if not
the best, support teams in America. I owe a personal and special thanks
to Dwight and Charles since I would not be in business if they had
not taken a gamble on a niche market program I brought to them last
year. If we had more folks like Dwight and Charles
in our industry, you would not have all the negative stuff to print. Congratulations guys
and thanks, Charlie Lester charlie@mindspring.com Major business events and economic events scheduled this week... By Associated Press, Eastern Time: TUESDAY, Nov. 27 WASHINGTON National Association of Realtors reports on existing home sales for October, 10 a.m.; Treasury bill auction, 2 p.m. NEW YORK The Conference Board releases results of its monthly survey on consumer confidence, 10 a.m. WEDNESDAY, Nov. 28 WASHINGTON Federal Reserve releases ''beige book'' survey of regional economic conditions, 2 p.m. THURSDAY, Nov. 29 WASHINGTON Labor Department reports on weekly jobless claims, 8:30 a.m.; Commerce Department reports on durable goods orders for October, 8:30 a.m., and on new home sales for October, 10 a.m. NEW YORK Conference Board releases its Help-Wanted Advertising Index, 10 a.m. FRIDAY, Nov. 30 WASHINGTON Commerce Department reports on gross domestic product, third quarter, 8:30 a.m. Previous Ten Recession Dates/Associated Press The
beginning and ending dates for the previous 10 recessions along with
the number of months each downturn lasted and the starting date for
the current downturn: February
1945 until October 1945, eight months. November
1948 until October 1949, 11 months. July
1953 until May 1954, 10 months. August
1957 until April 1958, eight months. April
1960 until February 1961, 10 months. December
1969 until November 1970, 11 months. November
1973 until March 1975, 16 months. January
1980 until July 1980, six months. July
1981 until November 1982, 16 months. July
1990 until March 1991, 8 months. March
2001 until ???? ( Many of us would say the "recession"
or "downturn" or whatever word describes this mess as starting
earlier than this date, but not recognized. to understand this for
our industry, go to: http://www.leasingnews.org/list.htm I
remember 1974, 1980, 81-82, part of 84, 89-90, and who could forget the year 2001, in the leasing
business. 74 no one had any money. Remember 21% buy rates for top
credits? If you were to average the last ten, then
perhaps it would be 9.4months, from March,2001? The beginning of this year? Economist say the second or third quarter
of next year. I guess it all
depends if you have a job, savings, and business is good. I remember the old "average business"
that if you had one foot in a bucket of ice cold water and the other
in a burning fire, on the average, the temperature would be fine. editor ) ______________________________________________________________ Classified Ads Just
a note of thanks for the free space in your classifieds section. I am already getting responses. Jim
Jim
Fleming nationalbusinesscredit@yahoo.comI
wanted to let you know how much I appreciated the response I received
from the classified listing I placed last month. Although I took a
position that was offered to me through good old networking, I appreciated
the other opportunities offered. .
Keep up the great work!!!!! Sincerely, Gina
Massingill grm2001usa@yahoo.com Leasing Industry Job Wanted
Leasing Industry Help Wanted
Leasing News is in the
process of adding a new classified for the sale of equipment. Our webmaster
Carl Moberg was working on it, but he went to Germany for
Thanksgiving. When he returns, he will complete both projects. Fahima Khan, our webmaster
is also working on up-dating the eLease list. http://www.leasingnews.org/elease.htm She will be taking the month of December
off to go home and visit her relatives in Bangladesh. Maria Martinez-Wong,
our main webmaster, has completed the list of leasing associations,
and we will have a year-end membership up-date the first of the year.
http://www.leasingnews.org/links_section.htm Dzung Vuong has up-graded
our firewall to a mechanical device and installed new software for virus
and other protection, which will hopefully make the system more reliable
and secure These behind “behind
the scenes” keep Leasing News working. --------------------------------------------------------------------------------------------------- AOL subscriptions swell to 32 million
By
Jim Krane, Associated Press, NEW YORK (AP) Internet
service provider America Online, which has been adding broadband capabilities
to its product offerings, said on Monday it now has 32 million subscribers.
The addition of 1 million
new subscribers for the world's largest online company over the past
2 1/2 months comes despite a $1.95 price increase for U.S. subscribers
to AOL's unlimited dial-up access, which now costs $23.90 per month.
AOL, a subsidiary of
AOL Time Warner Inc., is now the most expensive nationwide U.S. dial-up
provider, said Dylan Brooks, a Colorado-based analyst with Jupiter
Media Metrix. ''Adding a million new
subscribers is getting to be old hat for AOL. The news is that they
continue to do this quarter by quarter,'' said Daryl Schoolar, a Scottsdale,
Ariz.-based analyst with Cahners In-Stat Group. It also took AOL 2 1/2
months to jump from 30 million to 31 million subscribers. Trailing AOL is Microsoft
Corp.'s MSN Internet Access, with 7 million customers. No. 3 EarthLink
counts 4.8 million paying customers. United Online Inc., an ISP created
in the merger of free providers Juno and NetZero, counts 6.1 million
active subscribers, but only 1.25 million who pay for the service.
Brooks said the real
battle for Internet service market share is emerging in the broadband
arena, where EarthLink has taken an early lead. AOL, with the help
of its Time Warner Cable subsidiary, has also jumped into the fray,
offering high-speed cable access in 18 U.S. markets for $45-$55 per
month. AOL will not divulge
its broadband subscriber numbers, but Schoolar said it amounted to
a small fraction of its customer base. Brooks said AOL's overall
subscriber numbers include many nonpaying customers who receive free
trial offers for as long as six months. AOL earns an average of $14
per month per subscriber, he said. AOL said its latest software,
version 7.0, has been downloaded more than 7 million times since its
Oct. 16 release. Shares of AOL Time Warner
were up 43 cents, or 1 percent, to $37.19 in trading Monday on the
New York Stock Exchange. On the Net: http://www.aol.com __________________________________________________________________ Experts say type-tracking Internet worm is spreading
SAN FRANCISCO (Reuters)
- An Internet worm that leaves infected computers vulnerable to future
hacking by tracking what is typed on the keyboard, including passwords
and credit card details, was spreading rapidly Monday, computer security
companies warned. The worm, called ``Badtrans,''
spreads through Microsoft Corp. Outlook or Outlook Express e-mail
programs and automatically sends itself to unanswered e-mails in inboxes,
according to several antivirus companies. The attachment, which
contains the malicious program, can be executed simply by reading
or previewing it and doesn't need to be double clicked or opened separately,
experts said. The worm contains a keystroke
logger which can be used to record what people type to obtain passwords
and credit card numbers, they said. ``It does no damage to
files but does drop a backdoor trojan on the machine which would allow
a hacker to come back and access personal information,'' said April
Goostree, virus research manager at McAfee.com. While corporate e-mail
gateways are blocking the worm, many home and small office computer
users who aren't up-to-date on their antivirus software are getting
infected, she said. The subject line varies,
often assuming the text of the unanswered e-mail whose e-mail address
it co-opts. The name of the attachment varies as well, with suffixes
including .doc, .pics and .news. The worm, a variant of
one discovered in April, has hit at least 50 countries, with most
infections in Germany, followed by the UK and United States, said
UK-based MessageLabs, which reported receiving 400 copies an hour
this weekend.
### ######################## ############### Larry R. Doyle Joins Farm Credit Leasing Board
(t is among the nation’s 50 largest leasing companies
with more than $2 billion in assets under management)
Larry R. Doyle, executive vice president and chief lending operations officer of AgFirst Farm Credit Bank in Columbia, S.C., has been named a director of Farm Credit Leasing (FCL), a $2 billion lease financing company that serves agricultural producers, their cooperatives, rural communications and energy companies, and Farm Credit System entities. Doyle is responsible
for AgFirst’s Lending Operations Division. He has served in his
current position since January 1996. Prior to that, Doyle was the
bank’s vice president and treasurer for 10 years. He is a 25-year
veteran of the Farm Credit System, having worked with several Farm
Credit institutions. Doyle has a bachelor’s degree in business
administration, finance, and an MBA in finance, both from the University
of South Carolina. Doyle replaces Andy Lowrey,
president and CEO of AgFirst Farm Credit Bank, as a director of FCL.
Lowrey left the board after three years of service to focus on his
responsibilities with the bank. As one of FCL’s two common stockholders,
AgFirst is entitled to a seat on the company’s board of directors.
The FCL board consists
of seven directors. Three directors represent the company’s two
common stockholders, CoBank and AgFirst Farm Credit Bank. Three more
directors FCL board of directors
In addition to Doyle,
FCL’s board members include Douglas Sims, chief executive officer
of CoBank in Denver, who is board chairman; Robert B. Engel, president
and chief operating officer of CoBank, who is board vice chairman;
Peter Scott, executive vice president and chief financial and administrative
officer of Beringer Blass Wine Estates in St. Helena, Calif.; Bill
Lipinski, chief executive officer of First Pioneer Farm Credit in
Enfield, Conn.; and Daniel Leclerc, principal of Crestwood Capital
& Associates in Minneapolis, Minn. FCL provides equipment
leasing and related services for all types of vehicles, equipment
and machinery. It is among the nation’s 50 largest leasing companies
with more than $2 billion in assets under management. FCL is part
of the 85-year-old, $99 billion Farm Credit System, one of the largest
and oldest cooperatives in the nation. Today, this national network
of approximately 130 borrower-owned banks, associations and service
corporations provides production agriculture with approximately one-quarter
of its credit and financial needs. CoBank, one of seven banks in the
Farm Credit System, is FCL’s majority common stockholder. With
$25 billion in assets, CoBank specializes in agribusiness, ag export,
rural communications and rural energy financing. AgFirst Farm Credit
Bank of Columbia, S.C., is FCL’s minority common stockholder.
The $12.9 billion bank provides funding and financial services to
24 farmer-owned financial cooperatives in 15 eastern states and Puerto
Rico. The remaining five Farm Credit Banks also have an ownership
stake of preferred stock in the company. In addition to its corporate
headquarters, FCL maintains 11 sales offices throughout the country.
(
courtesy ELAonline.com ) #### ###################### ########################## Television's `Today' show reveals some cracks after years
of dominance
By
David Bauder, Associated Press, NEW YORK (AP) The curtain
may be coming down on a period of remarkable television dominance
by NBC's ''Today'' show. Katie Couric and Matt
Lauer's broadcast is still the clear leader in the morning, but its
rivals are ascending, particularly ABC's ''Good Morning America.''
The trend has become more pronounced since Sept. 11. It is causing some internal
angst at one of television's most profitable shows, a program that
has known nothing but success over the past decade. ''Sometimes these shows
need a little kick in the pants,'' said `Today' show spokeswoman Allison
Gollust, ''and that could be what we're seeing happening.'' A week after the presidential
election last year, ''Today'' was on a real high. Its average audience
of 8.4 million that week was more than ''Good Morning America'' and
''The Early Show'' on CBS combined, according to Nielsen Media Research.
For the same week this
year, ''Today'' had sunk to 6 million viewers. ''GMA'' had 5.1 million
viewers and ''The Early Show'' had 2.8 million. The ABC show, which crept
closer to ''Today'' in the ratings during the week of Nov. 12 than
it had in five years, has increased its audience by 12 percent since
the attacks while NBC is down 5 percent. ''`Good Morning America'
was the most aggressive of the three in changing its format in response
to the hard news climate,'' said Andrew Tyndall, a consultant who
studies the content of television news. It often opens each hour
with a dynamic segment involving several correspondents reporting
on breaking news, instead of showing news headlines or having newsmaker
interviews, Tyndall said. The experience of ABC's
hosts Diane Sawyer reported five years ago on how the Taliban treated
women and Charles Gibson spent more than a decade covering Washington
is something viewers can sense, said Shelley Ross, executive producer
of ''Good Morning America.'' ''We have a staff that's
very smart and very hungry and very willing to stay up all night and
not miss a story,'' Ross said. d ''a lot of the advantages
the show had have turned into negatives,'' said Steve Friedman, executive
producer of ''The Early Show.'' Following Sept. 11, shades
were drawn for several weeks over the Rockefeller Center window where
''Today'' fans congregate. Al Roker didn't work the crowd during weather
segments. Outdoor concerts only returned last week. Couric and Lauer's
popularity as personalities isn't as important in a hard news period,
experts said. The ratings edge which
usually gives ''Today'' a big advantage in booking guests is not key
at this time, Friedman said. ''Today'' also was hurt
by Couric's absence, Tyndall said. She was off nine of the 45 weekdays
following the attacks, many of them following the death of her sister.
Adding the third hour
to ''Today'' earlier this year strained a staff already in transition,
Tyndall said. ''Today'' named a new executive producer, Jonathan Wald,
in May to replace Jeff Zucker, who became NBC entertainment president.
''The biggest reason
it seems to be going down is they miss Jeff Zucker,'' Friedman said.
Gollust said ''Today''
departed from its typical formula after Sept. 11 the news gave it
little choice but it affected NBC's show more than the others. ''The past few weeks
we've seen something of a shift and it is something that everyone
is looking at, believe me,'' Gollust said. ''But it is important to
note that there is still a million viewers between us and second place.''
The ''Today'' show celebrates
its 50th anniversary in January and will go on location at the Winter
Olympics in February, two events that give NBC an opportunity to widen
the gap again. Yet if either coincides with a busy news period, they
could also give ''Good Morning America'' and ''The Early Show'' opportunities
to distinguish themselves. ''The real story here
is two shows are going up and one isn't,'' Friedman said. ''On the
other hand, we'd love to have the numbers they have.'' _______________________________________________________ |
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