ALERT - Serious Problem with Canon Rebates - dpreview

If you are about to send in a Canon rebate request READ THIS FIRST!

From dpreview:

Canon has asked US customers planning take advantage of its rebate
program not to cash the checks they have received, following the company
handling the rebates filing for bankruptcy protection. The problems
relate to rebate checks for video and printer products dated prior to
November 14th. Any customer yet to send-in rebate materials should also
delay until further notice.

Canon made the following statement: "The third-party rebate processing
company that implements Canon’s rebate program covering printer and
camcorder products filed a Chapter 11 Bankruptcy petition on Friday,
November 14. Any customer who has received a rebate check for these
products dated prior to November 14, should not cash the check as it may
bounce. Canon is diligently working on steps to ensure that eligible
consumers receive valid rebate checks as soon as possible. More
information will be available on our Web site by Friday, November 21.

"We understand this is an inconvenience to customers. We are working to
resolve this issue as soon as possible. Consumers who have questions
about our rebate programs should call Canon’s Customer Call Center
1-800-OK- CANON."

more...
http://forums.dpreview.com/forums/re...ssage=30069066

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That80sGuy wrote:
In message , Alan Browne
done wrote:

If you are about to send in a Canon rebate request READ THIS FIRST!

From dpreview:

Canon has asked US customers planning take advantage of its rebate
program not to cash the checks they have received, following the company
handling the rebates filing for bankruptcy protection. The problems
relate to rebate checks for video and printer products dated prior to
November 14th. Any customer yet to send-in rebate materials should also
delay until further notice.

Canon made the following statement: "The third-party rebate processing
company that implements Canon’s rebate program covering printer and
camcorder products filed a Chapter 11 Bankruptcy petition on Friday,
November 14. Any customer who has received a rebate check for these
products dated prior to November 14, should not cash the check as it may
bounce. Canon is diligently working on steps to ensure that eligible
consumers receive valid rebate checks as soon as possible. More
information will be available on our Web site by Friday, November 21.



The bankrupt company is called Continental Promotion Group.

Among the companies they handle(d) rebates for:

Cingular/AT&T, Canon, Tiger Direct, Fry's Electronics, Staples, Logitech,
Kensington, Hewlett Packard, Crucial, AVG, Nero, Panda AV, Smith
Micro/Allume, Advance Auto Parts, Dell, Lowe's, Amazon, Sharp Electronics,
Home Depot, Gateway, eMachines, Kragen Auto Parts, Tom Tom, Costco,
TRENDNet.

Obviously it would not be advisable to purchase items involving rebates
from any of the affected companies without finding out how they are
handling them in the wake of Continental's bankruptcy.

And don't buy gift cards for Christmas presents either.

Nor common stock, though it's unclear they are a public company at all.

"Continental Promotion claims more than 500 national and international
clients in 120 countries with offices in Tampa; Tempe, Ariz.; Toronto;
and Tipperary, Ireland."

Ouch.

--
john mcwilliams

That80sGuy wrote:
In message , McPhotos
done wrote:

That80sGuy wrote:
In message , Alan Bro
wne
done wrote:

If you are about to send in a Canon rebate request READ THIS FIRST!

From dpreview:

Canon has asked US customers planning take advantage of its rebate
program not to cash the checks they have received, following the compa
ny
handling the rebates filing for bankruptcy protection. The problems
relate to rebate checks for video and printer products dated prior to
November 14th. Any customer yet to send-in rebate materials should als
o
delay until further notice.

Canon made the following statement: "The third-party rebate processing
company that implements Canon’s rebate program covering printer and
camcorder products filed a Chapter 11 Bankruptcy petition on Friday,
November 14. Any customer who has received a rebate check for these
products dated prior to November 14, should not cash the check as it m
ay
bounce. Canon is diligently working on steps to ensure that eligible
consumers receive valid rebate checks as soon as possible. More
information will be available on our Web site by Friday, November 21.


The bankrupt company is called Continental Promotion Group.

Among the companies they handle(d) rebates for:

Cingular/AT&T, Canon, Tiger Direct, Fry's Electronics, Staples, Logitec
h,
Kensington, Hewlett Packard, Crucial, AVG, Nero, Panda AV, Smith
Micro/Allume, Advance Auto Parts, Dell, Lowe's, Amazon, Sharp Electroni
cs,
Home Depot, Gateway, eMachines, Kragen Auto Parts, Tom Tom, Costco,
TRENDNet.

Obviously it would not be advisable to purchase items involving rebates

from any of the affected companies without finding out how they are
handling them in the wake of Continental's bankruptcy.

And don't buy gift cards for Christmas presents either.
Nor common stock, though it's unclear they are a public company at all.

Well, uh yeah. Bankrupt means equity is wiped out.

That doesn't necessarily mean one couldn't buy common stock as an X-mas
gift for the kiddies. If the company were public, that is.....

--
john mcwilliams

That80sGuy wrote:
McPhotos

from any of the affected companies without finding out how they are
handling them in the wake of Continental's bankruptcy.

And don't buy gift cards for Christmas presents either.

Nor common stock, though it's unclear they are a public company at all.

Well, uh yeah. Bankrupt means equity is wiped out.

Not quite.

There are two kind of bankruptcy in the US: Chapter 11 and chapter 7.

Chapter 7 is when the company is going away. The stock is (probably)
worthless and assets are sold off to pay creditors.

Chapter 11 is when the company is under court supervision and
protection. The company reorganizes, creates a plan to pay off
creditors, and gets court approval for its plan. In exchange they
are protected from lawsuits for debts. Many companies do emerge from
ch11 banruptcy to continue doing business as usual.

Regardless, it is the problem of the company offering the rebates
(Canon in this particular case) and they're going to fix the problem.
Dealing without a bounced check just adds needless expense and
trouble.

--
Ray Fischer

RichA wrote:
On Nov 20, 12:58 pm, (Ray Fischer) wrote:
That80sGuy wrote:
McPhotos
from any of the affected companies without finding out how they are
handling them in the wake of Continental's bankruptcy.

And don't buy gift cards for Christmas presents either.

Nor common stock, though it's unclear they are a public company at all.

Well, uh yeah. Bankrupt means equity is wiped out.

Not quite.

There are two kind of bankruptcy in the US: Chapter 11 and chapter 7.

Chapter 7 is when the company is going away. The stock is (probably)
worthless and assets are sold off to pay creditors.

Chapter 11 is when the company is under court supervision and
protection. The company reorganizes, creates a plan to pay off
creditors, and gets court approval for its plan. In exchange they
are protected from lawsuits for debts. Many companies do emerge from
ch11 banruptcy to continue doing business as usual.

I'd love to see how many companies work themselves back from the
brink.

Don't know how many, but there are some notable examples on the list.

Enron
Texaco
PG&E
Delta Airlines

--
Ray Fischer

On 20 Nov 2008 04:01:08 GMT, That80sGuy wrote:
: In message , John
: McWilliams done wrote:
:
: That doesn't necessarily mean one couldn't buy common stock as an X-mas
: gift for the kiddies.
:
: A lump of coal will lose less of its value by Xmas '09.

I dunno. Commodity prices may be going down too. :^|

On 20 Nov 2008 19:33:51 GMT, (Ray Fischer) wrote:
: RichA wrote:
: I'd love to see how many companies work themselves back from the
: brink.
:
: Don't know how many, but there are some notable examples on the list.
:
: Enron
: Texaco
: PG&E
: Delta Airlines

Enron?? When/how did they "work themselves back from the brink"? My
recollection is that they fell across the event horizon.

Bob

Robert Coe wrote:
On 20 Nov 2008 19:33:51 GMT, (Ray Fischer) wrote:
: RichA wrote:
: I'd love to see how many companies work themselves back from the
: brink.
:
: Don't know how many, but there are some notable examples on the list.
:
: Enron
: Texaco
: PG&E
: Delta Airlines

Enron?? When/how did they "work themselves back from the brink"? My
recollection is that they fell across the event horizon.

Per Hawking there is a probability that when a particle crosses the EH
its virtual particle may escape (or, the virtual particle falls and the
particle may escape).

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On Sat, 22 Nov 2008 11:01:43 -0500, Alan Browne
wrote:
: Robert Coe wrote:
: On 20 Nov 2008 19:33:51 GMT, (Ray Fischer) wrote:
: : RichA wrote:
: : I'd love to see how many companies work themselves back from the
: : brink.
: :
: : Don't know how many, but there are some notable examples on the list.
: :
: : Enron
: : Texaco
: : PG&E
: : Delta Airlines
:
: Enron?? When/how did they "work themselves back from the brink"? My
: recollection is that they fell across the event horizon.
:
: Per Hawking there is a probability that when a particle crosses the EH
: its virtual particle may escape (or, the virtual particle falls and the
: particle may escape).

Hawking is wrong. He also accepts both the Big Bang and black holes, two
theories that can't both be correct.

Bob

Robert Coe wrote:
On Sat, 22 Nov 2008 11:01:43 -0500, Alan Browne
wrote:
: Robert Coe wrote:
: On 20 Nov 2008 19:33:51 GMT, (Ray Fischer) wrote:
: : RichA wrote:
: : I'd love to see how many companies work themselves back from the
: : brink.
: :
: : Don't know how many, but there are some notable examples on the list.
: :
: : Enron
: : Texaco
: : PG&E
: : Delta Airlines
:
: Enron?? When/how did they "work themselves back from the brink"? My
: recollection is that they fell across the event horizon.
:
: Per Hawking there is a probability that when a particle crosses the EH
: its virtual particle may escape (or, the virtual particle falls and the
: particle may escape).

Hawking is wrong. He also accepts both the Big Bang and black holes, two
theories that can't both be correct.

Balderdash. They are in no way mutually exclusive. Black holes are
observed to exist. The BB is all but certain given the state of the
universe today. What is less certain is whether the u continues to
expand or whether there will be a big crunch. Thus the dark matter issue.

As to Hawking radiation, it may be observed in the LHC once it's up and
running next year (though it may take a few years for a micro BH to
form, evaporate and the event actually recorded.)

I hope it's observed. Hawking would certainly receive the Nobel Prize
in Physics if it is observed. I just hope it's not posthumous.

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