Archived posting to the Leica Users Group, 2004/09/15
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Without the debt, the traditional business is profitable. The reason Ilford is in receivership is that the last purchaser did not bet on as rapid a change in the film/digital market. In other words their dept payments are too much for the revenue. So, during the restructuring, the debt will be divided between the major divisions. You will know if the traditional business is doomed if they get the majority of the debt. On the other hand, if the product is selling at a profit with regards to discounted cash flow, then the business will continue. Creditors would much rather have fifty cents on the dollar than no cents on the dollar. Of course, Kodak could buy the silver business and kill it. Or, Fuji could buy it and price it to kill Kodak. Don dorysrus@mindspring.com -----Original Message----- From: lug-bounces+dorysrus=mindspring.com@leica-users.org [mailto:lug-bounces+dorysrus=mindspring.com@leica-users.org] On Behalf Of GREG LORENZO Sent: Wednesday, September 15, 2004 2:51 PM To: jls@runbox.com; Leica Users Group Subject: Re: RE: [Leica] Tri-X on the cheap "This sad news comes on the heels of a call earlier in the day from my daughter, the B&W printer, telling me that her boss told her that Ilford's ceasing manufacture of it's traditional photography products." > No. All of the people who said we were acting like Chicken Little may > have to reevaluate their views. And I was just getting into Delta 400. > Hi Jeffrey, At best I'd call the original post idle speculation or wishful thinking based on hearsay - at least third hand. Perhaps we should wait for Ilford to put out an .....Offical News Release. Regards, Greg _______________________________________________ Leica Users Group. See http://leica-users.org/mailman/listinfo/lug for more information