Leica is closer to the edge than you're implying. the capital plan to stave
off filing for bankruptcy has collapsed because both of Leica's two top
shareholders withdrew from the plan. unless somebody does something in the
next month or so, it will have to file for bankruptcy protection. see the
latest press release at www.leica-camera.com. no change in status since that
release as far as i can tell. the recommended action by many is to close
down the camera division and concentrate on designing and building lenses
for other people and selling sport optics (binoculars and spotting scopes).
Herb...
----- Original Message -----
From: "Bruce Dayton" <[EMAIL PROTECTED]>
To: <[email protected]>
Sent: Wednesday, August 03, 2005 10:04 PM
Subject: Re: Enough Already!
One interesting aspect of all this is that Leica is still in business.
Anytime a particular company goes out of business or stops making
camera equipment, the ability to repair starts to diminish. That is
the achilles heel of any older equipment. It certainly remains to be
seen if/how Leica pulls through this digital revolution and what the
long term impact is on their cameras.
