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leica reds


markowich

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here is a press release on leica's finances, published by the online service of the austrian tv company:

 

Leica rutscht tiefer in die roten Zahlen - futurezone.ORF.at

 

if you buy the S2+lenses now then nobody might be there to provide service after two year's time because leica may have gone under. i've seen financially more sound companies go that route.

well, i have a big investment in the m system and hope....

peter

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I can't argue with what Peter says that Leica's losses may influence some few potential S2 sales but there is the complicating factor that these loses include the start-up costs for 3 major product systems and at the same time no revenue from 2 of them and limited revenue from the the M9. Comparing the losses to the prior year is also a chalk and cheese affair. So Leica may actually not be in as bad shape as it may intially seem and depending on sales of the new Leica line-up Leica may have a more viable product line than it has had in years.

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The results are for the period ending 30 September 2009 - hardly any M9 sales were made before then.

 

The second half of the 2009/10 year should be excellent as sales of the new cameras take off. Then a couple of good years should enable them to continue R&D and produce even more new products.

 

Despite all the groaners, moaners and naysayers Leica still have a lot of customers keen to see them succeed and success breeds success so new customers will also grow.

 

It seems they are just about to turn a corner.

 

Jeff

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