On Tuesday, March 12, 2002, at 11:21  AM, Bruce Rubenstein wrote:

> It appears that some "well known facts" aren't. According to Nikon's 
> financial
> statements they didn't lose money last year.
> (http://www.nikon.co.jp/main/eng/portfolio/ir/10yco_f-s.htm)

As I read this, they spent nearly half of their net sales from imaging 
on imaging R&D, while the company overall is listed as spending in the 
4% neighborhood on R&D.  That sounds like the rest of the company 
propping up imaging to me, but I could be reading it wrong.

Well, at least their net 2001 income balances out the horrendous loss 
they suffered in 1999.

-Aaron
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