News tagged with "leica"
Following severe financial problems, Leica shareholders met yesterday to discuss the future of the company. The company aims to reorient its corporate structure to achieve a sales volume of around €100 million in the near future. It aims to simplify capital reduction, increase the share capital against contributions in cash and a creation of authorized capital. Dr. Josef Spichtig, chairman of the board of management of Leica Camera AG, described these measures as being “indispensable for the existence of the Company”. Leica Camera Group recorded a 21% sales decline from €119.1 million to €93.7 million, year ending March 31. The measures take into account operating losses of around €13 million for the next financial year (2005/2006). For the subsequent fiscal year, 2006/2007, the company aims to break even. Dr Spichtig, said he intended to continue the photo and sports optic units as well as Leica M and Leica R camera systems and compact cameras as 'co-operation products'.
Following several delays the Leica Digital-Modul-R is set to ship on June 15, two years after its development was first announced. An official letter was sent to Leica users over the weekend announcing the delivery date. The date was put back earlier this month due to 'software problems'. Mario Thurnherr, manager of Leica Camera's Photo Division, says, "Our customers had to wait longer than planned for the unique digital solution from Leica, but are now rewarded with an outstanding product." Lets hope it really is worth the wait.
Minox has broken all ties with its German co-partner and ailing company Leica Camera AG. Optical and miniaturization specialists Minox was taken over by general manager Thorsten Kortemeier in 2001 when he acquired 51% of the Minox partnership capital, leaving Leica with 49%. Minox was launched four years ago and currently produces digital cameras including the famous miniature Digital Classic Camera Leica M3, binoculars, compact cameras, 35mm cameras plus windwatches.
An official letter from Leica confirms that the Digital-Modul-R is to be delayed, despite expectations that the 10 megapixel digital back would be available in the next few days. Leica says it is 'working hard to resolve a few last software problems'. Although the 'problems' do not impair the basic function of the module they have to be remedied before it is fully ready for production. Many people have already placed orders for the module, which was scheduled for release this month. Leica urges customers not to overreact and says that it will be worth the wait.