Archived posting to the Leica Users Group, 2003/02/27
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]All of that may be true, folks, but global economic realities are just that - realities. The bottom line is that the pro-camera lines are continuing to head downhill, and the consumer 'crap' is increasing in sales. With the war in Iraq about to begin at any moment, and a really nasty trade war involving the major EU powers and the U.S. a distinct possibility - don't forget that Leica is in the "Old Europe" - things are only going to get worse. B. D. - -----Original Message----- From: owner-leica-users@mejac.palo-alto.ca.us [mailto:owner-leica-users@mejac.palo-alto.ca.us] On Behalf Of Kit McChesney | acmefoto Sent: Thursday, February 27, 2003 10:30 AM To: leica-users@mejac.palo-alto.ca.us Subject: RE: [Leica] Re: Leica third quarter results Henry-- Good point. With the dollar's weakness, it takes lots more dollars for Leica USA to buy Leicas from Leica AG, and that drives up the prices here. The U.S. is 1/3 of the world's market for Leica. That's not small! We get inquiries from Europe all the time, as do other dealers, I'm sure. With the Euro so strong against the dollar, it's cheaper to buy some products here and have them shipped to Europe, even with shipping and VAT. Kit - -----Original Message----- From: owner-leica-users@mejac.palo-alto.ca.us [mailto:owner-leica-users@mejac.palo-alto.ca.us]On Behalf Of Henry Ting Sent: Thursday, February 27, 2003 7:53 AM To: leica-users@mejac.palo-alto.ca.us Subject: RE: [Leica] Re: Leica third quarter results Yeah, just about all the global companys' balance sheet look bad. Leica especially so, when the $EURO is pegged so high against the $USD where U.S. is its biggest market. - --- bdcolen <bdcolen@earthlink.net> wrote: > Despite the PR talk about the M7 and R9 and > encouraging results - the > bottom line in the numbers is that income from > "system cameras" is down > %7.6 percent for the first nine months of the year, > and down 6.1% for > the third quarter - and that's WITH the intro of the > M7 and R9 - imagine > what those numbers would have been without those > intros. > > Even more interesting, in terms of where photography > - and interest in > the Leica mystique- is going - sales of projectors > was down a whopping > 20% for the first nine months. > > B. D. > > -----Original Message----- > From: owner-leica-users@mejac.palo-alto.ca.us > [mailto:owner-leica-users@mejac.palo-alto.ca.us] On > Behalf Of Cummer > Sent: Thursday, February 27, 2003 9:28 AM > To: leica-users@mejac.palo-alto.ca.us > Subject: [Leica] Re: Leica third quarter results > > > Hi Luggers > Here is the URL to Leica's third quarter report. > http://www.leica-camera.com/unternehmen/presse/data/03216/index_e.html > Cheers > Howard > Hong Kong > -- > To unsubscribe, see > http://mejac.palo-alto.ca.us/leica-users/unsub.html > > -- > To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html __________________________________________________ Do you Yahoo!? Yahoo! Tax Center - forms, calculators, tips, more http://taxes.yahoo.com/ - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html