However Bob, if the sky is falling, I'll be sure and let you find out all by your little old self.
Tom C. >From: "Bob Sullivan" <[EMAIL PROTECTED]> >Reply-To: Pentax-Discuss Mail List <pdml@pdml.net> >To: "Pentax-Discuss Mail List" <pdml@pdml.net> >Subject: Re: Pentax Inventory Writedown >Date: Mon, 29 Oct 2007 19:44:43 -0500 > >Tom, >You are soooo predictable. You should sign all your posts... > >Chicken Little (The sky is falling, THE SKY IS FALLING!!) > >You should sell all your Pentax equipment before the market is gone. >That would leave you free to purchase a GOOD system like Nikon or Canon. >Come on, put your money where your mouth is! >Then you can go whine on their lists. >Regards, Bob S. > >On 10/29/07, Tom C <[EMAIL PROTECTED]> wrote: > > Pentax wants to sell everything in their inventory before it devalues. >So > > does every company. If Pentax is giving rebates you can bet they want >to > > unload the cameras quickly. > > > > It's the product cycle, not necessarily Pentax. > > > > The lifetime of a digital camera in today's market, from release to the >time > > it is surpassed, is Dust in the Wind. > > > > Tom C. > > > > > > >From: "P. J. Alling" <[EMAIL PROTECTED]> > > >Reply-To: Pentax-Discuss Mail List <pdml@pdml.net> > > >To: Pentax-Discuss Mail List <pdml@pdml.net> > > >Subject: Re: Pentax Inventory Writedown > > >Date: Mon, 29 Oct 2007 19:21:48 -0500 > > > > > >K110d's seem to be MIA, not available anywhere, but then again a used >Ds > > >or Ds2 sells for less and is a better camera overall. > > > > > >Adam Maas wrote: > > > > I doubt it, from everything I've seen, Pentax has been shipping >K10D's > > > > out to stores about as fast as they can get them in. > > > > > > > > K110D's on the other hand... > > > > > > > > -Adam > > > > > > > > > > > > Tom C wrote: > > > > > > > >> I said alot more because the article said "Sales at the company, >which > > >also > > > >> makes medical > > > >> equipment rose 15 percent". > > > >> > > > >> I suspect alot of those sub-$700 K10D's are in the writedown. > > > >> > > > >> What is says to me is that while sales are up (good) and profit is >up > > > >> (good), due to the writedown, net income is down (bad). > > > >> > > > >> > > > >> Tom C. > > > >> > > > >> > > > >>> From: Adam Maas <[EMAIL PROTECTED]> > > > >>> Reply-To: Pentax-Discuss Mail List <pdml@pdml.net> > > > >>> To: Pentax-Discuss Mail List <pdml@pdml.net> > > > >>> Subject: Re: Pentax Inventory Writedown > > > >>> Date: Mon, 29 Oct 2007 16:51:00 -0400 > > > >>> > > > >>> Tom C wrote: > > > >>> > > > >>>> Paraphrased from a 10/29 Bloomberg article: > > > >>>> > > > >>>> Pentax Corp., said first-half profit fell 45 percent, missing its >own > > > >>>> estimate, after writing down the value of its inventory. > > > >>>> > > > >>>> Net income declined to 600 million yen ($5.3 million) in the six > > >months > > > >>>> ended Sept. 30, lagging behind its July forecast of 1.4 billion >yen. > > > >>>> > > > >>> Sales > > > >>> > > > >>>> at the company, which also makes medical > > > >>>> equipment rose 15 percent. > > > >>>> > > > >>>> "We have depreciated our inventory, including endoscopes, as we >had > > > >>>> difficulty competing with our rivals,'' mainly in North America, >Jiro > > > >>>> Okamura, a spokesman at the Tokyo-based company, said > > > >>>> by telephone. The writedown led to a one-time loss of about 900 > > >million > > > >>>> > > > >>> yen, > > > >>> > > > >>>> he said. > > > >>>> > > > >>>> The company's sales rose to 85.6 billion yen from 74.7 billion >yen. > > > >>>> Operating profit, or sales minus the cost of goods sold and > > > >>>> > > > >>> administrative > > > >>> > > > >>>> expenses, more than doubled to 3.3 billion yen from > > > >>>> 1.56 billion yen. > > > >>>> > > > >>>> ------------------ > > > >>>> > > > >>>> Maybe those bargain basement camera prices in N.A. aren't that >great > > > >>>> > > > >>> after > > > >>> > > > >>>> all. Selling a lot more things that aren't worth as much. > > > >>>> > > > >>>> Tom C. > > > >>>> > > > >>>> > > > >>>> > > > >>>> > > > >>> That could explain the recent flood of Pentax refurbs that I've >seen > > >here > > > >>> in Canada. They're going cheap too. Lots of low-end MZ's, FA-J >lenses, > > >and > > > >>> a few DS's and DL's. > > > >>> > > > >>> If you write down inventory, you aren't talking about 'Selling a >lot > > >more > > > >>> things that aren't worth as much.', you're talking about excess >stock. > > > >>> > > > >>> It sounds like Pentax wrote down a fair bit of older stuff they >were > > > >>> sitting on (like the aforementioned cheap film kit) which impacted > > >their > > > >>> net income. Otherwise the numbers look good, especially the >operating > > > >>> profit increase. > > > >>> > > > >>> -Adam > > > >>> > > > >>> > > > >>> -- > > > >>> PDML Pentax-Discuss Mail List > > > >>> PDML@pdml.net > > > >>> http://pdml.net/mailman/listinfo/pdml_pdml.net > > > >>> to UNSUBSCRIBE from the PDML, please visit the link directly above >and > > > >>> follow the directions. > > > >>> > > > >> > > > >> > > > > > > > > > > > > > > > > > > > > >-- > > >The difference between individual intelligence and group intelligence >is > > >the difference between Harvard University and the Harvard University > > >football team. > > > > > > -- P. J. O'Roark > > > > > > > > >-- > > >PDML Pentax-Discuss Mail List > > >PDML@pdml.net > > >http://pdml.net/mailman/listinfo/pdml_pdml.net > > >to UNSUBSCRIBE from the PDML, please visit the link directly above and > > >follow the directions. > > > > > > > > -- > > PDML Pentax-Discuss Mail List > > PDML@pdml.net > > http://pdml.net/mailman/listinfo/pdml_pdml.net > > to UNSUBSCRIBE from the PDML, please visit the link directly above and >follow the directions. > > > >-- >PDML Pentax-Discuss Mail List >PDML@pdml.net >http://pdml.net/mailman/listinfo/pdml_pdml.net >to UNSUBSCRIBE from the PDML, please visit the link directly above and >follow the directions. -- PDML Pentax-Discuss Mail List PDML@pdml.net http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
