Archived posting to the Leica Users Group, 1998/11/30
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Maybe this will help some of you understand the problems that Leica is facing. #1) Two years-ago Leica stock came out at about $25 (USD) a share. Last year at this time the stock was selling for about $23 a share. This morning it is selling at $10.10 a share. #2) Leica used over half of it's cash reserves so far this year. #3) The R8 problems have not only reduced R sales by over a third (37%) but have also significantly increased their cost of goods sold for the R product line (i.e. lower sales plus increased costs equal lower profits). Therefore, in the short term, it is very important for Leica to cut costs and raise revenues. Be aware that this situation may translate into some good sale prices (rebates or whatever) on M and R products beginning just before or just after Christmas. Regards, Bill Erfurth _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com