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What you describe typically happens when the printer and the sending device are not speaking the same 'printer control language'. I encountered it years ago when I used the wrong driver for a Hewlett Packard laser printer. The computer was 'sending' Epson print language, instead of the expected HP PCL. Page after page of 'gibberish' was the result.
Generic Troubleshooting:
1. Be certain that you are indeed using the newly-installed printer driver when printing, and not some other installed printer. I've noticed for example that Pages '09 document templates I create always revert to the default printer when they were saved, completely ignoring the current default printer.
2. Connect your computer via USB cable directly to the Ricoh printer.
You will need to re-add the printer in , System Preferences, Hardware, Print & Fax.
Customize the new printer name to include 'USB', so you can distinguish it from the 'network' printer setup.
3. Do a test print via the USB interface.
4. If nothing happens, it's possible that the Ricoh is configured for 'network only', and I can't help you with that.
If the printer works 'normally' when connected via USB cable, then the problem definitely is with your network print setup.
If the printer still prints 'gibberish', then the wrong printer driver is being used. For compatibility, many modern office laser printers 'speak' older versions of HPPCL (Hewlett Packard Printer Control Language) in addition to any 'native' features that Ricoh might have with it's own commands and control language.
If there ARE any recognizable words or phrases in the 'gibberish' please reply with them. I used to write simple printer control macros, so I might be able to decipher what's going on.