Panasonic Financial Health

Started Nov 1, 2012 | Discussions thread
pwilly
Contributing MemberPosts: 989
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Re: Panasonic Financial Health
In reply to bobn2, Nov 3, 2012

bobn2 wrote:

MichaelKJ wrote:

bobn2 wrote:

amalric wrote:

Mingjai wrote:

amalric wrote:

I am not sure that you see the main argument though. The demise of a company could fold up its camera operations too.

Am.

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If, on the other hand, the m4/3 operation is profitable enough then it's possible that the company could spin it off or sell it. We can only hope that this is the case.

Yes, this was also a possibility with Olympus except that the rest of its operations are very specialised: endoscopes and medical equipment.

The trouble with Panny *and Sony* is that much of their stuff are general appliances that can be produced at a lesser cost in China and Korea by Samsung, especially since the strong yen.

I was quite impressed when the analyst, an Indian, said that Sharp might not survive a year.

Someone (bob2?) remarked that Nikon is the only camera maker that makes a living entirely out of cameras.

Probably not me, because it's wrong. Nikon has three companies, the Imaging (cameras), Precision (semiconductor manufacturing), and Instruments (Microscopes, spectrometers, etc). What I probably said was Nikon was the only camera company that made its living completely out of optics. That used to be true of Olympus, then they went into face cream.

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Bob

True, but as Thom Hogan pointed out, "As I've written before, Nikon is now a camera company. As goes the camera group, so goes Nikon." bythom.com (Nov 1). For the first half of the current fiscal year, Nikon's imaging division accounted for 78% of sales revenue and 91% of operating income. http://www.nikon.com/about/ir/ir_library/result/pdf/2013/13_2qf_c_e.pdf

Fortunately, for Nikon, this appears to be working out as they are currently doing better than any other company making cameras. Amazingly, they've even increased Coolpix sales this year while every other camera maker has been losing money on compacts.

Certainly, but markets like photolithography are cyclical. If Nikon uses the cameras to keep teh company solvent, the time will come whan the steppers and scanners are again making a big contribution to the bottom line, as long as they can keep them competitive with ASML and its Zeiss optics.

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Bob

Disruptive technology only goes if it can disrupt.  So far, ASML seems to be stuck at very low throughput.  Seven wafers an hour on EUV are not going to replace Nikon’s 200 wafers an hour using immersion.  Nikon got all the 32nm business at Intel; will the 22nm node go the same way? It seems like desperation at ASML spending 2.4 billion Euros for Cymer to expedite EUV.

http://www.eetimes.com/electronics-news/4212933/Nikon-sees-rebound-in-litho-

http://dutchhts.nl/companies/company-news/asml.html

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Paul
Just an old dos guy

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