Archived posting to the Leica Users Group, 2004/09/15

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Subject: [Leica] Tri-X on the cheap
From: dorysrus at (Don Dory)
Date: Wed Sep 15 16:31:57 2004

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


-----Original Message-----
[] On Behalf
Sent: Wednesday, September 15, 2004 2:51 PM
To:; 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



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In reply to: Message from gregj.lorenzo at (GREG LORENZO) ([Leica] Tri-X on the cheap)