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. > > > -- 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.
