They must not read like you do. The post said sales are up 15%.
Tom C. >From: graywolf <[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 18:20:29 -0500 > >Or maybe potential customers were reading your posts saying Pentax was >going >down the drain and avoided buying their products. > > >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. > > > > > > > >-- >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.
