the yen is falling against the dollar and the euro while Pentax assumed the
opposite. without changing a thing, Pentax is going to make more money
because the price in dollars and euros isn't changing. many Japanese
companies with most of their sales outside the domestic market, like Pentax,
forecast a slightly rising yen at the beginning of their fiscal year.
Herb....
----- Original Message -----
From: "John Forbes" <[EMAIL PROTECTED]>
To: <[email protected]>
Sent: Saturday, November 05, 2005 6:25 PM
Subject: Re: The sky is...
b Pentax announced a forecast of higher full year profits. Higher, that
is, than the last time they made a forecast. Companies don't usually do
this unless they are feeling pretty confident; it's a bit of a hostage to
fortune. Perhaps they're negotiating to sell the whole camera division to
Samsung. It's not impossible, and would make a lot of sense commercially,
particularly if Pentax continued to make the lenses.
