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 <[email protected]> >>> To: Pentax-Discuss Mail List <[email protected]> >>> 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 >>> [email protected] >>> 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 [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
