Archived posting to the Leica Users Group, 1999/03/31
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On 31 Mar 99, Nathan Wajsman wrote, at least in part:
> But every company,
> whether niche or mass market, needs to be profitable to survive in the
> long run. This is what has Leica's shareholders upset.
Good points, Nathan. Most all companies, however, whether niche
or major players, will have their periods of low or no profits. It is a
shame that Leica fell into the hole they did right after going public.
As a new public issue, there was an inordinate pressure to show
an immediate profit. Now, if Leica *stays* in the profit doldrums
for an extended time, then, 'Katie, bar the door' because the
public's money will pull out in great quantities. Then R & D will
suffer even more than it has in the past.
- --
Roger
mailto:roger@beamon.org
Thought for the day:
Success occurs in private,
failure in full view.