Archived posting to the Leica Users Group, 2011/11/25
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]On 11/24/2011 11:35 PM, Phil Swango wrote: > This is ugly. > > http://www.nytimes.com/2011/11/25/business/ahead-of-woodford-meeting-3-olympus-executives-resign.html?_r=1&hp > > It looks like they took the big bath in their 2009 reporting year, I think the same year they switched auditors from KPMG to E&Y after a disagreement over carrying value of some of their acquisitions. The 2009 financials show almost a USD $1b impairment in goodwill as a charge to earnings. Can't help but think about Peter Sellers in Dr. Strangelove: /Ripper:/ No, I mean when they tortured you, did you talk? /Mandrake:/ Ah, oh no, I ah... I don't think they wanted me to talk, really. I don't think they wanted me to say anything. It was just their way of having... a bit of fun, the swines. Strange thing is they make such bloody good cameras.