I respectfully ask you to explain then how "Pentax Corp., said first-half profit fell 45 percent, missing its own estimate, after writing down the value of its inventory."
is good news, and how "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." is good news, and how "We have depreciated our inventory, including endoscopes, as we had difficulty competing with our rivals,'' mainly in North America"... is good news. I'm not making the news up and I'm not telling you how to intepret it. You also read that sales are up by 15%. So it's clear you cherry pick what you wish to complain about and appear to look at silver-linings as evidence of no chance of precipitation. Tom C. >From: Paul Stenquist <[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 21:15:55 -0400 > >He won't have to find out by himself. We know you'll be on top of any >bad news, Tom. Good news, no. But if it's bad news for Pentax, you're >all over it. Your record is consistent. This time you thought it was >bad news, although it really wasn't. But you are quite good at >finding the dark cloud in the silver lining. >Paul >On Oct 29, 2007, at 8:51 PM, Tom C wrote: > > > 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 <[email protected]> > >> To: "Pentax-Discuss Mail List" <[email protected]> > >> 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 <[email protected]> > >>>> To: Pentax-Discuss Mail List <[email protected]> > >>>> 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 <[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. > >>> > >> > >> -- > >> 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. > > >-- >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.
