Tuesday, February 3, 2009

It ain't just us.

read at Technology, Media & Telecommunications |Reuters:
"AMSTERDAM, Jan 12 (Reuters) - Dutch photocopier and printer maker Oce NV (OCEN.AS) said it will not pay a final dividend as its clients kept postponing orders in the fourth quarter, pushing its shares near their all-time low.

Oce said its fourth-quarter net income nearly evaporated to 700,000 euros ($942,200) from 35.8 million euros a year ago, as the impact of the global financial crisis expanded within its portfolio.

'Since October we not only feel the crisis in our financial and construction portfolio, but it has also expanded to our industrial and advertising markets,' Chief Executive Rokus van Iperen told Reuters. But it does sounds like Reuters got it right at least for SMB.
The company, which competes against Canon (7751.T), Ricoh (7752.T) and Xerox (XRX.N), said it would not pay a final dividend, following the payment of an interim dividend of 0.15 euros per share in October.

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