> And impossible to know outside the company, possibly even inside.
True. This particular industry is not known for its transparency. I
wish they would use some multi-coatings on their books. I wanna see
green!
> Published financials always lag what's really happening, and what it means
> for future financials. In Oly's case, they
> may be lies, as well, whether intentional or not, given what's gone on there.
Good question. This is a company that probably has "cost chargeback"
down to an artform. As such, they could float a division to the tune
of many millions of dollars. However, with the management switchout to
bankers, I'm pretty confident that the division numbers will have
minimal twistage.
> I've given my B-school/Econ lecture on marginal profit on manufactured goods
> here before. The increase in profit when
> sales of a product exceed projections can be enormous. To the uninitiated,
> the amounts can seem impossible.
I remember it well. I'm reminded that Ford claimed that the extremely
popular "Escort" model never made enough money to recoup the R&D
costs. What Ford didn't mention is that they dumped R&D costs from a
couple dozen other models of cars into the Escort. Suspensions,
drive-trains, engines, etc., were all piled into the Escort costing
and left vehicles like the Taurus almost R&D free.
> Yes indeed. I've just been surprised, compared to the later E-series and the
> Pens, at the number of casual mentions of
> E-M5s owned, even in posts about other cameras.
Exactly. I haven't seen this much excitement over an Olympus camera
since the E-1.
AG
--
Ken Norton
ken@xxxxxxxxxxx
http://www.zone-10.com
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