Archived posting to the Leica Users Group, 2005/06/03
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Not so long ago, a couple of weeks, the boss of Hermes was quoted in the press as saying that Hermes would stick with Leica as long as the re-financing plan would be accepted by the remaining shareholders. But what if nobody wants the shares at 1,70 a throw, maybe they will after all get one of the axe-men form the automotive industry to sort it out, Piech, Ignazio Lopez, Hartz, lets wait and see. They could do a lot worse than getting Lothar Sp?th (retired from Jenoptik) to join the board. I think the big shake up will leave Solms as a pure and simple final assembly, and QA/QC, shop with components being made under Leica supervision, probably not in Korea or China but most likely in the Czech Republic, or maybe Hungary, Bulgaria, Romania or any other of the former Eastern Bloc countries. This is the only way to ensure that the products become cheaper but can still be labeled "Made in Germany". The costs of running production units outside Germany are fully tax deductible too. The logistics of the matter becomes a simple matter of a few hours driving a truck over the border and up to Solms. I also think that repair and service will be outsourced to one of the many small businesses in former East Germany, a whole load of companies already run their service departments like that. e.g. Fujitsu-Siemens. I expect that the Portugese factory will carry on making sub-assemblies as before the shake-up. Douglas B. D. Colen wrote: > Uh, unfortunately Michael, Hermes may be the only thing keeping Leica > afloat. "Good riddance to bad rubbish" may mean farewell to Leica. > > > On 6/3/05 8:42 PM, "Michael J Herring" <creativevisions@verizon.net> wrote: > > >>Regarding Hermes selling out - >>Good riddance to bad rubbish !!! (A LA CARTE, etc) >> >>Mike >>----- Original Message ----- >>From: "Frank Filippone" <red735i@earthlink.net> >>To: "Leica Users Group" <lug@leica-users.org> >>Sent: Thursday, June 02, 2005 1:54 PM >>Subject: RE: [Leica] Too much inventory >> >> >> >>>You are correct regardless of the % of the sales in any one currency. >>> >>>I agree with you even more strongly in the selling the company. In this >>>particular case, the authorization to sell off more new stock is >> >>basically >> >>>asking for someone to preserve the company and to capitalize the >> >>company. >> >>>I >>>bet Hermes will bail as soon as it is possible..... >>> >>>Frank Filippone >>>red735i@earthlink.net >>> >>>Hi Frank: >>> >>>assuming the major market is in $ (independent how accounting works): >>> >>>- costs in Euro >>>- revenue in $ >>>- $ sinks vs Euro >>>-> prices must go up to make profit. Assuming the market takes it. >>> >>>The $ sank drastically vs the Euro H2/2004 >>> >>>I think it is possible that Leica is trying to cut costs and _then_ >>>sell the company. Reducing inventory is a popular way of doing >>>so (and become more flexible). >>> >>>Regards, >>> >>>Roland. >>> >>> >>> >>>_______________________________________________ >>>Leica Users Group. >>>See http://leica-users.org/mailman/listinfo/lug for more information >>> >> >> >>-- >>I am using the free version of SPAMfighter for private users. >>It has removed 371 spam emails to date. >>Paying users do not have this message in their emails. >>Try www.SPAMfighter.com for free now! >> >> >> >>_______________________________________________ >>Leica Users Group. >>See http://leica-users.org/mailman/listinfo/lug for more information > > > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information > >