Archived posting to the Leica Users Group, 1998/11/29
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]>>>>>>>>>> Leica doesn't want to sell MORE lenses and bodies. They know what they can make and maintain their quality level. I think all this doom and gloom is going to do more damage than last half-years statistics. <<<<<<<<<< The entire financial report doesn't show a company at death's door, but neither does it show one thriving. I don't have it in front of me, so I'm going by memory here; my appologies of any of these figures are a bit off. But I believe it says Leica lost over 5 million DM the first half of the year. Cash reserves have dropped from over 9 million DM a year ago to under 3 million today. They're eliminating about 100 positions to cut costs. There's a reference to needing to cut inventories, which I (perhaps mistakenly) took to mean unsold R equipment. They do project they will break even for the entire year, but with a different product mix than originally anticipated. In other words (as I interpret it) the hot-selling point-n-shoots instead of R. I think I it's safe to say Leica most definitely wants to sell more R lenses and bodies. Larry