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Headlines--- Pictures
from the past---1991--- Peter Eaton,
CLP This
Week's Scheduled Economic Events Siemens
Selects LiveCapital's Enterprise
Credit Management Solution November
sales worst since '70 Online
banking gaining popularity Expense
Management Takes the Spotlight Montana's
`wine connoisseur' rule shows the
oddity of wine laws States
treat wine shipping differently
Predicting
trends for the new year ### Denotes Press
Release ---------------------------------------------------------------------
Pictures from the past---1991--- Peter Eaton, CLP
“Peter Eaton, CLP, First National Leasing Palo Alto, California,
took his role as Chairman of the
Western Association of Equipment
Lessor’s Crystal Anniversary Conference
in Monterey, California, to heart. He is shown above catching a few waves—still
sporting
a tuxedo jacket and bow tie. ------------------------------------------------------------------------------ Classified
Ads---Outsourcing Consultant:
Sausalito, CA Lease
trainer and consultant. 38 years
in equipment leasing. Expert in
transaction analysis, financial
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Contract
Administrator: San Diego, CA Work-at-home
position to perform processing &
documentation. 5+ years small ticket
arena, used to handling a 25-30
deal workload. You do the sales,
I'll do the rest. Email:jmccorman@hotmail.com
Lease
Portfolio: Stilwell, KS Looking
to buy or sell lease portfolio?
20+ year lease consultant specializing
in portfolio placement. Free initial
consultation. References available
on request. Contact today Email:MLOST@aol.com
Legal:
http://www.leaselawyer.com/ "I
enjoy brainstorming about all aspects
of leasing. I'll be back to you
within 24 hours of your call or
e-mail!" Barry S. Marks, Esq.
Email:bsm@blik.com Marketing:
Hays, KS Looking
for any type of telemarketing equipment.
Mostly interested in: ETS, AMCAT,
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Advantage products. Ask about our
Web Application interface. Email:support@pbs4u.com for the full list, please go to: http://65.209.205.32/LeasingNews/JobPostingsOutsourcing.htm ----------------------------------------------------------------------------- This
Week’s Scheduled Economic Events December
9 MONDAY Treasury bill auction. United Airlines to
File BK John W. Snow, economist
and a lawyer who has run CSX, one
of the nation's largest railroad
companies, since 1991 expected to
replace Paul H. O'Neill as Treasury
secretary December 10 TUESDAY Stock Market to Re-Check
Itself Federal Open Market Committee meets to discuss interest rates. Institute for Supply Management, formerly known as the National
Association of Purchasing Management,
releases its semiannual report on
manufacturing activity. December 11 WEDNESDAY No Scheduled Events December
12 THURSDAY Commerce Department reports on retail sales for November
and current account, third quarter. Labor Department reports on weekly jobless claims. OPEC meeting on oil production and pricing begins in Vienna. December
13 FRIDAY Labor Department reports on producer price index for November. Commerce Department reports on business inventories for October. ----------------------------------------------------------------------------------- ################# ############################## Siemens Selects LiveCapital's Enterprise Credit Management
Solution San Mateo, CA -., The industry leader in Enterprise Credit
Management (ECM), and Siemens Medical
Solutions, USA Inc., an operating
company of Siemens AG (NYSE: SI),
a leading provider of medical products
and solutions,
announced that Siemens Medical
Solutions, USA Inc. has purchased
the LiveCapital Solution for Enterprise
Credit Management (the LiveCapital
Solution) to support credit decisions
for the small ticket customer financing
segment of its business. Siemens Medical Solutions, USA Inc. expects a significant
increase in sales and customer financing
requests in the small ticket segment
over the next several years. The
LiveCapital Solution will help facilitate
that growth while allowing Siemens
Medical to maintain the credit department
at pre-budgeted staff levels within
the small ticket segment. All aspects
of the small ticket segment credit
process -submitting an application,
purchasing and analyzing bureau
data, gathering information, and
providing approvals and documents
to the sales team - now will be
automated. "We are in a rapid growth phase and anticipate double
digit sales growth in fiscal year
2003.
LiveCapital's product will
assist us in achieving our targets
while providing best in class service."
said Leslie Matthews, Manager, Leasing
Operations at Siemens Medical Solutions,
USA Inc. "We did a thorough
review of ECM solutions available
in the market, and Live Capital
offered the best solution for our
needs." The LiveCapital Solution allows enterprises to implement
"best practices""
into their financing approval process.
It provides real-time access to
D&B and other business data
sources, consumer data sources,
and an enterprise's internal systems.
By leveraging this information with
the LiveCapital Solution's sophisticated
credit process manager, flexible
decision engine and document management
capabilities, enterprises can make
better credit decisions, reduce
operational costs and deliver credit
to their customers more quickly. "We are thrilled to add Siemens, one of the 25 largest
companies in the world, to our growing
list of customers," said Mike
Grossman, CEO of LiveCapital. "This
deal and other recent sales to Waste
Management, Kubota Tractor and PC
Connection show that enterprises
see the need for significant improvement
in their ECM processes, and recognize
that LiveCapital provides the best
solution in the ECM space." About Siemens Siemens AG (NYSE: SI) Siemens AG (NYSE: SI), headquartered
in Munich, is a leading global electronics
and engineering company. It employs
426,000 people in 192 countries
and reported worldwide sales of
more than $84 billion in fiscal
2002 (10/1/01 - 9/30/02). The United
States is Siemens' largest market
in the world, with sales of more
than $21 billion in fiscal 2002
and more than 74,000 employees in
all 50 states. Corporate headquarters
for Siemens' U.S. businesses are
located in New York City. For more
information: www.usa.siemens.com. Siemens Medical Solutions, USA Inc., headquartered in Malvern,
Pennsylvania, is one of Siemens'
operating companies in the U.S.
and one of the largest suppliers
to the healthcare industry in the
world. The company is renowned for
its innovative products, including
imaging systems for diagnosis, therapy
equipment for treatment, hearing
instruments, and critical care and
life support systems, as well as
a wide array of information technology
and data management solutions that
optimize workflow and improve outcomes
for hospitals, clinics and doctors'
offices. Known as the premiere health
information application service
provider, the company processes
nearly 137 million transactions
daily and manages more than 86 terabytes
of data - twice the information
volume of the Library of Congress. About LiveCapital LiveCapital is the industry leader in Enterprise Credit Management
(ECM).
The company's technology
and consulting solutions enable
enterprises to make better credit
decisions, improve productivity,
and close more sales by providing
credit to their customers more quickly.
The result: lower bad debt,
reduced operating costs, and higher
revenue . Privately held and headquartered in San Mateo, California,
LiveCapital provides ECM solutions
to industry leaders including Waste
Management, Kubota Tractor, Siemens,
PC Connection, and United States
Steel. For more information, please
visit www.LiveCapital.com. Contacts: Kimberly Cooper Kathy
Finnegan Siemens Medical Solutions, USA. LiveCapital, Inc. kimberly.cooper@siemens.com kfinnegan@LiveCapital.com 732-906-3802 650-350-3642 November sales worst since '70 By RENEE DEGROSS Atlanta Journal-Constitution Staff Writer The fragile holiday season isn't broken, or at least not
yet. But retailers need robust December
results to rescue the anemic November
sales. The sales represented the first November decline for retailers
since 1970, when the Bank of Tokyo-Mitsubishi
began tracking dozens of retailers. Retailers, worried about mediocre holiday sales forecasts,
used euphoric post- Thanksgiving
deals to lure shoppers. The buying
frenzy helped but not enough to
make up for sluggish sales earlier
in the month. Deflation is also playing a role in the season. Retailers
are offering bigger and better deals
to compete, so shoppers are sitting
on their wallets and waiting for
even lower prices. "Consumers are reacting day by day," said Candace
Corlett, a partner in WSL Strategic
Retail, a consulting firm. "Headlines
and world events make shoppers nervous,
but there also isn't a have-to-have
item for under the tree this season." Analysts think a better gauge of the season will come from
looking at November and December
together. And retailers still have
a little time to build sales before
their busiest shopping day of the
year: the Saturday before Christmas. The condensed period between Thanksgiving and Christmas also
affected November results. Last
year, by comparison, there were
six more post-Thanksgiving shopping
days because the holiday fell earlier
on the calendar. That crimped November same-store sales reported last week
by Target, Sears, Federated Department
Stores and others. Target's results
were down 6.7 percent at its chains,
when compared with the year earlier.
Federated's same-store sales declined
7.4 percent. James Zimmerman, Federated's chief executive officer, said
sales earlier in the month were
weaker than expected. Wal-Mart's same-store sales increased 2.6 percent but fell
short of Wall Street's expectations
of a 2.7 percent increase, according
to Thomson First Call. One of the bright spots was Gap, whose same-store sales jumped 9 percent in November, compared with a 25 percent decline last year. The company has struggled to regain |
