[Leica] News From a Leica Insider

[leicanikon at earthlink.net (Stephen Gandy)]

I emailed Stefan Daniel (head of production at Leica) and received the reply 
below.  Apparently Leica's troubles are not as insurmountable  as some Leica 
watchers seem to think.

To quote Stefan "There is no immediate danger to the company."   The 
announcements came in compliance to German corporation laws.

Perhaps we should have more patience and wait and see what happens,  instead 
of predicting Leica's demise.

Stephen

>
> "Daniel, Stefan" wrote:
>
> > Hi Stephen,
> >
> > Thank you very much for your support! We really need it these days. Just 
> > a short explanation of what happened on Thursday:
> >
> > The notice of loss published on Feb. 17  is a technical consequence of 
> > the losses in our financial year 2004/05 which were already announced on 
> > Dec. 14, 2004. There are no additional losses. The now cummulated losses 
> > have reached a level that we are forced by german Stock corporation law 
> > to publish it and to invite our stockholders to a extraordinary genereal 
> > assembly. There is no immediate danger for the company.
> >
> > Best regards from Orlando,
> >
> > Stefan
> >