Archived posting to the Leica Users Group, 2003/02/27
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]If one thinks about it, B.D., these results look reasonably good. Economies in most of the developed world have been soft since the market tops in March 2000 and have been positively dismal since 9/11. Despite the PR out of Washington the U.S. economy has been in recession for at least two years. Germany, long the economic powerhouse of the E.C., is experiencing fiscal pressures she has not known for decades with some private hints that major banks may need government support. And Japan has been in an out-and-out depression since the late 1980's, with major financial institutions under water and the Nikkei, her Dow Jones average, at one-fifth the level reached over 15 years ago. While some companies are reporting profits, there is deep red ink all over world corporate reports. Against that background and in the current climate, for Solms to have turned from a significant loss to an operating profit is an accomplishment. Just my 2c. Seth LaK 9 - ----- Original Message ----- From: "bdcolen" <bdcolen@earthlink.net> To: <leica-users@mejac.palo-alto.ca.us> Sent: Thursday, February 27, 2003 9:43 AM Subject: RE: [Leica] Re: Leica third quarter results > Despite the PR talk about the M7 and R9 and encouraging results - the > bottom line in the numbers is that income from "system cameras" is down > %7.6 percent for the first nine months of the year, and down 6.1% for > the third quarter - and that's WITH the intro of the M7 and R9 - imagine > what those numbers would have been without those intros. > > Even more interesting, in terms of where photography - and interest in > the Leica mystique- is going - sales of projectors was down a whopping > 20% for the first nine months. > > B. D. > > -----Original Message----- > From: owner-leica-users@mejac.palo-alto.ca.us > [mailto:owner-leica-users@mejac.palo-alto.ca.us] On Behalf Of Cummer > Sent: Thursday, February 27, 2003 9:28 AM > To: leica-users@mejac.palo-alto.ca.us > Subject: [Leica] Re: Leica third quarter results > > > Hi Luggers > Here is the URL to Leica's third quarter report. > http://www.leica-camera.com/unternehmen/presse/data/03216/index_e.html > Cheers > Howard > Hong Kong > -- > To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html > > -- > To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html > - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html