Archived posting to the Leica Users Group, 2005/06/01
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]A matter of interpretation........... They have in the financial hole. ( No news there.) They are issuing some big number of shares, and trying to find someone to buy them. Their 2 biggest stockholders are not jumping at the opportunity. Seems like they want their risk reduced, rather than increased with new investments in Leica. They have too much inventory and want to reduce it by 1/2. ( Now I understand the "sudden" release of the Digital R9 back to ship starting June 15 ( yes, 2005).... SELL the inventory you already have... Like I said, Management must decide when to release a new product that has had SW problems, not the marketing nor engineering types.). Portugal and Solms is going to take some type of hit. (Facilities or Inventory or Human?) R+D for people will increase. They will continue to develop Digital products. They will continue to sell P+S Leicas, as opportunity allows. ( Not a core strategy, but an opportunistic one.) Goobley gook words about the dealer network . They target break even in the 2006-2007 FY. Frank Filippone red735i@earthlink.net