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The End of Agfa Photo
Just looking for other D-lab owners who may have heard something about
the future of Agfa Photo or "A and O". I currently own 2 d-labs and have recently quit making my lease payments based on the idea that I may not be able to get parts / service on these labs 2 months or even 2 years from now making machines worth nothing. It sounds like "A and O" has snapped up the lab division of Agfa Photo but may only continue to sell parts until the supply is used up. I read that they will even part out the remaining 360 partially completed labs on the assembly line rather then finish building them. This would likely mean that they will try to collect on the current outstanding leases while trying to continue to provide service / parts during the terms of the leases. When the leases expire or they run out of parts (whichever comes first), then they would be forced to break the remaining leases and run. I believe they have no intention to continue to service these machines 4 years from now again making my machines worth next to nothing at that point. I figure that my lease with a $1 buyout at the end is not worth the monthly payment any longer if the machine will not be worth close to $80,000 used like it otherwise would have. I am mainly wondering what other D-lab owners are hearing and doing regarding this matter. Please post your comments. |
#2
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The End of Agfa Photo
wrote in message oups.com... Just looking for other D-lab owners who may have heard something about the future of Agfa Photo or "A and O". I currently own 2 d-labs and have recently quit making my lease payments based on the idea that I may not be able to get parts / service on these labs 2 months or even 2 years from now making machines worth nothing. It sounds like "A and O" has snapped up the lab division of Agfa Photo but may only continue to sell parts until the supply is used up. I read that they will even part out the remaining 360 partially completed labs on the assembly line rather then finish building them. This would likely mean that they will try to collect on the current outstanding leases while trying to continue to provide service / parts during the terms of the leases. When the leases expire or they run out of parts (whichever comes first), then they would be forced to break the remaining leases and run. I believe they have no intention to continue to service these machines 4 years from now again making my machines worth next to nothing at that point. I figure that my lease with a $1 buyout at the end is not worth the monthly payment any longer if the machine will not be worth close to $80,000 used like it otherwise would have. I am mainly wondering what other D-lab owners are hearing and doing regarding this matter. Please post your comments. Things are a bit up in the air right now but it appears that Fuji-Hunt will provide support, or at least chemistry, for these machines. The exact fate of Agfa Photo is still not settled although it sure looks like it will be dissolved (no pun intended). -- --- Richard Knoppow Los Angeles, CA, USA |
#3
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The End of Agfa Photo
wrote in message
oups.com... Just looking for other D-lab owners who may have heard something about the future of Agfa Photo or "A and O". I currently own 2 d-labs and have recently quit making my lease payments based on the idea that I may not be able to get parts / service on these labs 2 months or even 2 years from now making machines worth nothing. It sounds like "A and O" has snapped up the lab division of Agfa Photo but may only continue to sell parts until the supply is used up. I read that they will even part out the remaining 360 partially completed labs on the assembly line rather then finish building them. This would likely mean that they will try to collect on the current outstanding leases while trying to continue to provide service / parts during the terms of the leases. When the leases expire or they run out of parts (whichever comes first), then they would be forced to break the remaining leases and run. I believe they have no intention to continue to service these machines 4 years from now again making my machines worth next to nothing at that point. I figure that my lease with a $1 buyout at the end is not worth the monthly payment any longer if the machine will not be worth close to $80,000 used like it otherwise would have. I am mainly wondering what other D-lab owners are hearing and doing regarding this matter. Please post your comments. Until they default on the contract, you are obligated to make the lease payments. However, it may pay to take the offensive. Send them a certified letter -- to the general counsel of AgfaUSA-- notifying them that they are in potential default under the terms of your lease, that their actions may constitute a breach of contract, etc., etc. -- a lawyer will do this for you for about $300. If you don't want to pay, and don't provide them with notice, they will do is your "defaulted" receivable" to a collection company...they will send you the correct number of notices that you are in default and when you don't pay they will seek a judgment in court. It's a real mess. |
#4
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The End of Agfa Photo
In article , Johnson
wrote: Until they default on the contract, you are obligated to make the lease payments. What he said. Unless and until they actually fail to provide something as per agreement, simply stopping payments will start a world of trouble rolling your way - and seriously weaken your position in anything that happens later on. |
#5
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The End of Agfa Photo
Johnson wrote:
wrote in message oups.com... Just looking for other D-lab owners who may have heard something about the future of Agfa Photo or "A and O". I currently own 2 d-labs and have recently quit making my lease payments based on the idea that I may not be able to get parts / service on these labs 2 months or even 2 years from now making machines worth nothing. It sounds like "A and O" has snapped up the lab division of Agfa Photo but may only continue to sell parts until the supply is used up. I read that they will even part out the remaining 360 partially completed labs on the assembly line rather then finish building them. This would likely mean that they will try to collect on the current outstanding leases while trying to continue to provide service / parts during the terms of the leases. When the leases expire or they run out of parts (whichever comes first), then they would be forced to break the remaining leases and run. I believe they have no intention to continue to service these machines 4 years from now again making my machines worth next to nothing at that point. I figure that my lease with a $1 buyout at the end is not worth the monthly payment any longer if the machine will not be worth close to $80,000 used like it otherwise would have. I am mainly wondering what other D-lab owners are hearing and doing regarding this matter. Please post your comments. Until they default on the contract, you are obligated to make the lease payments. However, it may pay to take the offensive. Send them a certified letter -- to the general counsel of AgfaUSA-- notifying them that they are in potential default under the terms of your lease, that their actions may constitute a breach of contract, etc., etc. -- a lawyer will do this for you for about $300. If you don't want to pay, and don't provide them with notice, they will do is your "defaulted" receivable" to a collection company...they will send you the correct number of notices that you are in default and when you don't pay they will seek a judgment in court. It's a real mess. Thanks for the reply. If I send them a letter it will most certainly force them to react to my stop payment much sooner then they otherwise would. They are extremely short staffed with the major layoffs that occured 2 Fridays ago and may not have the man power to come after me if I lay low. By the time they get around to legal action with me they may have already defaulted on their end of the lease. Also it is taking them 6 days to send a tech to fix both my d-labs and I've had ongoing problems for months with one of them. Could I also argue that I may have gotten a "lemon"? Please advise. |
#6
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The End of Agfa Photo
digifotopro wrote: Johnson wrote: wrote in message oups.com... Just looking for other D-lab owners who may have heard something about the future of Agfa Photo or "A and O". I currently own 2 d-labs and have recently quit making my lease payments based on the idea that I may not be able to get parts / service on these labs 2 months or even 2 years from now making machines worth nothing. It sounds like "A and O" has snapped up the lab division of Agfa Photo but may only continue to sell parts until the supply is used up. I read that they will even part out the remaining 360 partially completed labs on the assembly line rather then finish building them. This would likely mean that they will try to collect on the current outstanding leases while trying to continue to provide service / parts during the terms of the leases. When the leases expire or they run out of parts (whichever comes first), then they would be forced to break the remaining leases and run. I believe they have no intention to continue to service these machines 4 years from now again making my machines worth next to nothing at that point. I figure that my lease with a $1 buyout at the end is not worth the monthly payment any longer if the machine will not be worth close to $80,000 used like it otherwise would have. I am mainly wondering what other D-lab owners are hearing and doing regarding this matter. Please post your comments. Until they default on the contract, you are obligated to make the lease payments. However, it may pay to take the offensive. Send them a certified letter -- to the general counsel of AgfaUSA-- notifying them that they are in potential default under the terms of your lease, that their actions may constitute a breach of contract, etc., etc. -- a lawyer will do this for you for about $300. If you don't want to pay, and don't provide them with notice, they will do is your "defaulted" receivable" to a collection company...they will send you the correct number of notices that you are in default and when you don't pay they will seek a judgment in court. It's a real mess. Thanks for the reply. If I send them a letter it will most certainly force them to react to my stop payment much sooner then they otherwise would. They are extremely short staffed with the major layoffs that occured 2 Fridays ago and may not have the man power to come after me if I lay low. By the time they get around to legal action with me they may have already defaulted on their end of the lease. Also it is taking them 6 days to send a tech to fix both my d-labs and I've had ongoing problems for months with one of them. Could I also argue that I may have gotten a "lemon"? Please advise. |
#7
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The End of Agfa Photo
Here is my take everyone.
You are just throwing money away by continuing to make your lease payment. The company is done! No one is going to continue to honor your service contract. The company that bought up all of the parts may try to make a go at selling them on the open market but your service contract is going to be worthless in a few weeks. Anyone who ownes a D-Lab realizes that the machine without a service contract is worthless! I'm sure there will be a few who try to keep their machines going for as long as they can, but IMO that is just a waste of money. These machines are extremely expensive to maintain. In fact the service contracts are likely a big reason Agfaphoto went under in the first place. I would advise everone who ownes a DLab to stop making your payment and start looking for another lab. Maybe someone will come out and get your D-Lab, but my guess is that you'll end up scraping it yourselves. No one is likely to come and get it. Why would they? Eventually the supply of parts will run out (likely pretty damned fast) and the machines will be worthless. Consider this. Lets assume that the leasing company sent you a letter stating that you know own your machine. They agree to just give it to you. But the catch is that there is no longer going to be a service contract available. How long will you continue to put parts into it out of your own pocket? My experience with mine is that they cost about $40k a year or more just to maintain! (I'm averaging a laser unit per year alone) At that rate it isn't worth keeping them. My guess is that this company that bought up the parts is not planning to manufacture them again unless their plan is to simply supply Kodak for their SRP 30's. But in either case, it doesn't really matter. They sure as hell aren't planning to honor our service contracts. Start looking at Fronteir's or Noritsu's ASAP is what I suggest we all do, and for heaven's sakes, stop paying them! Sure, technically we can't do that. But that is the prudent thing to do everyone. The company is bankrupt! Why pad the bottom line of their creditors any more. Once they are gone, nobody's going to be looking out for us. Once they quit honoring the service contracts and no one is available to come out and fix your machine (maybe just before the holiday rush), who are you going to go after for damages? Will it make you feel any better that their is another company out there sell parts for your D-lab for cash? Who is really going to shell out $25K to relace their lasers the next time they go out? Start protecting yourself ASAP!!!!!!!!! Just my 2 cents. Troy BTW It should be noted that I am Donald's brother and partner. He is the original poster. |
#8
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The End of Agfa Photo
In article . com,
"Troy" wrote: You are just throwing money away by continuing to make your lease payment. If you entered into a legal contract you can't unilaterally stop making payments. You are bound by the terms of your contract or the lease holder can take legal action against you. If the contract is held by Agfa then they will come after you just to close the Corporation. If there is a clause in your lease that states that the lease can be ended if there is a material change in the financial condition of either party or that the lease can be remade upon a substantial change in the financial party then you may have grounds for stopping payment. Or if there is a clause that spells out what happens if either party defaults on their obligations under the lease then you may have grounds for canceling payments. But if you signed a standard boiler plate lease then you probably do not have any right to unilaterally stop payments. To protect yourself you had best have an experienced attorney check your contract so you know exactly what your rights are. You may find that rather then simply stop paying on the lease that you have to put the payments into an escrow account while the responsibilities of Agfa or it's successors are ironed out. Especially as there were press reports last week that the manufacturer of Agfa's labs will take over the sales and service responsibility for the machines and other chemistry and paper suppliers have indicated that they will fill the supply lines for these items and lastly that US distributors for Agfa chemistry and paper for the minilabs have indicated that they have several months supply in stock. You may want to read last week's PMA News Line for updated info. -- To reply no_ HPMarketing Corp. |
#9
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The End of Agfa Photo
I
Thanks for the reply. If I send them a letter it will most certainly force them to react to my stop payment much sooner then they otherwise would. They are extremely short staffed with the major layoffs that occured 2 Fridays ago and may not have the man power to come after me if I lay low. By the time they get around to legal action with me they may have already defaulted on their end of the lease. Also it is taking them 6 days to send a tech to fix both my d-labs and I've had ongoing problems for months with one of them. Could I also argue that I may have gotten a "lemon"? Please advise. 1. Don't look for free advice on Usenet. 2. See your lawyer- Monday morning! 3. Rinse, lather, repeat. raoul |
#10
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The End of Agfa Photo
On 6 Nov 2005 13:53:17 -0800, "Troy"
wrote: My guess is that this company that bought up the parts is not planning to manufacture them again unless their plan is to simply supply Kodak for their SRP 30's. But in either case, it doesn't really matter. They sure as hell aren't planning to honor our service contracts. That kinda depends upon the agreement. They may have bought up the service contracts. In fact most warranties provided here in the US are rarely supported by the manufacturer after the government passed the Nexus legislation. The company I work for "sells off" the warranties to a third party. Essentially that company provides services for several OEM's and also they have about 50% of their staff as contractors. The parts are ordered by our in-house techs and shipped to the warranty company who disperses them to the appropriate rep. All we're out is the shipping, receiveing and warehousing of the parts. === Regards, John Douglas - Formula, Documents & Manuals for the Silver Darkroom Websites : http://www.darkroompro.com - http://www.puresilver.org |
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