Archived posting to the Leica Users Group, 2005/06/02

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Subject: [Leica] Too much inventory
From: red735i at earthlink.net (Frank Filippone)
Date: Thu Jun 2 10:24:31 2005
 
Their real accounting ( costs like labor, etc.) is in Euros.  They must
convert dollars to Euros to figure if they have a profit.

It is always an excuse to raise prices when the main currency drops compared
to the big market currency, but at times, it is fair.  However, for the past
few years, the dollar has sunk against the Euro, so prices should have
dropped.  They did not.

So yes, this is an excuse to produce some more, free,  revenue.  What is
also true is that it is fortuitous for Leica, a Company in great financial
trouble.  Survival requires some gnashing of the teeth... this should have
caused that gnashing.  IF I were King?  Yes, I would do the same in this
time of bankers all over my back.

Frank Filippone
red735i@earthlink.net


Could the Euro be an excuse, rather than a cause?
Replies: Reply from bdcolen at comcast.net (B. D. Colen) ([Leica] Too much inventory)
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 In reply to: Message from bdcolen at comcast.net (B. D. Colen) ([Leica] Too much inventory)