Strange. Why is a Ds a better camera overall? Enlighten us. Paul On Oct 29, 2007, at 8:21 PM, P. J. Alling wrote:
> 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. -- 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.
