No. You're the only one who cares. On Oct 29, 2007, at 9:32 PM, Tom C wrote:
> 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. -- 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.
