Archived posting to the Leica Users Group, 2008/12/06

[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]

Subject: [Leica] Bad news at Leica
From: jls at (Jeffery Smith)
Date: Sat Dec 6 09:54:33 2008
References: <> <> <>

It is truly amazing that factors that haven't really affected our day to 
day lives are responsible for a crashing economy worldwide. But I was 
expecting something bad to happen. For about 6 years (when my salary was 
at its highest), I picked up both camera equipment and some guitars that 
I knew I would not be able to afford if and when times got tough. Sure 
enough, a new chancellor came in and demoted a lot of people who look 
like me so we could be replaced with others who would improve our 
diversity. Now this.

Douglas Sharp wrote:
> Jeffrey,
> the situation is pretty much the same in Germany - the automotive 
> industry and all their suppliers are laying people off and cutting 
> back production - unfortunately we don't see many bank executives, 
> financial advisors and the like getting fired (the fat cats are 
> sitting there and smugly reducing the number of staff in the banks 
> they themselves ruined. As the Skoda ad on TV here says - "I think 
> it's time for another revolution...".
> Cheers
> Douglas
> Jeffery Smith wrote:
>> The US lost over half a million jobs last month. Not a good time for 
>> Americans to consider buying a new Leica.
>> ----- Start Original Message -----
>> Sent: Sat, 06 Dec 2008 11:56:44 +0100
>> From: Douglas Sharp <>
>> To: Leica Users Group <>, LEG <>,
>>         LeicaReflex <>, MUG 
>> <>
>> Subject: [Leica] Bad news at Leica
>>> Morning all,
>>> Get out and buy M8s and lots of lenses!! :-)
>>> The local paper here in Hannover reports that Leica is running at a 
>>> loss again.
>>> After moderate profits last year, the company made a net loss of 7.2 
>>> milliion euros in the first half of the financial year 2008/2009 (in 
>>> the same period of the previous year, they made a net profit of 6.5 
>>> million).
>>> Total revenues fell in the same period by more than 40 MEUR to 52 MEUR.
>>> A company spokesman reported that the figures are due to falling 
>>> sales and development investments.
>>> Best from Hannover
>>> Douglas
>>> _______________________________________________
>>> Leica Users Group.
>>> See for more information
>> ----- End Original Message -----
>> _______________________________________________
>> Leica Users Group.
>> See for more information
> _______________________________________________
> Leica Users Group.
> See for more information

In reply to: Message from at (Douglas Sharp) ([Leica] Bad news at Leica)
Message from jls at (Jeffery Smith) ([Leica] Bad news at Leica)
Message from at (Douglas Sharp) ([Leica] Bad news at Leica)