Archived posting to the Leica Users Group, 1998/07/08

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Subject: Re: [Leica] Is Big Brother Listening?
Date: Thu, 9 Jul 1998 01:38:36 EDT

Bill Rosauer wrote:

<< More bad news from Solms:  Klaus Dieter Hoffman, CEO of Leica Camera, has
been sacked.  Apparently as a result of poor stock performance in the last two
 quarters.  It seems that someone needed to take the blame.  Rather unfair,
 since most of Leica's stock woes can be directly traced to poor sales in the
 Pacific Rim.  
 Leica needs to make a big impact at Photokina 98 in September.  Let's all
 our fingers crossed for the new M body that has been talked about so much on
 the LUG. >>
- --------------------------------------

I would almost be willing to bet my M6 that by this time next year, Leica will
have a new owner (or at least one with controlling interest).  Pac Rim sales
are not going to recover over night.  Many new CEO's under these same
conditions have found new buyers (i.e., capital) as their "recovery plan."
Samsung?  Kyocera?  Let's hope Kyocera.  A good number of Luggers' wish list
for the next R or M can easily be made possible by our close cousins at