Archived posting to the Leica Users Group, 2000/02/18
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Looking over Leica's current finacial report at their web site should stem the tide of criticism of Mr. Cohn. He was brought in to end the flow of losses. He and his board set a goal of the company breaking even for this fiscal year. And after just nine months of the year he has met that goal. The financial statements seem to say that he is accomplishing the most important thing he was hired to do. The continued sales decline of the R system is the only significant negative in the report. And, as has been pointed out in another post, even that loss is less severe than in previous quarters. Oh, that and the fact that sales outside of the US, Asia, Austrailia and Europe (the "Other Countries" category) are down 26%. Maybe Ted needs his Rs stolen again to get those Canadian sales back up? (Just kidding! See... :- ) ...a smiley!) LLarry