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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: etchmeister who wrote (19118)5/25/2006 1:13:01 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 25522
 
Canon to stop making single-lens camera
AP (via Yahoo) ^ | 25 May 06

TOKYO - Japan's top camera maker, Canon Inc., will stop developing new single-lens reflex film cameras as more people abandon film for digital, company officials said Thursday.

The Tokyo-based Canon's move followed a similar move by its closest Japanese rival, Nikon Corp., which announced earlier this year it would stop making seven of its nine film cameras and concentrate on digital models.

Canon will continue making film cameras already on the market as long as their demand remains. Whether to withdraw from the film camera business will be "decided appropriately by judging the market situation," said Canon spokesman Hiroshi Yoshinaga.

Japanese camera makers sold a combined total 64.77 million digital cameras last year globally, compared with 5.38 million film cameras, according to industry figures.
Yoshinaga said his company could not disclose the number of cameras sold.

Meanwhile, Tsuneji Uchida, president of Canon, told reporters that demand for film cameras will be limited to "special needs" like camera buffs, Kyodo News agency said.

In January, Konica Minolta Holdings Inc., another Japanese optical manufacturer, said it was quitting the camera business altogether — digital and film — and selling its digital assets to rival Sony Corp.



To: etchmeister who wrote (19118)5/25/2006 5:03:15 PM
From: Proud_Infidel  Read Replies (3) | Respond to of 25522
 
Is this stock officially a POS now? The Nasdaq up 1.34% and AMAT is down, and even after VLSI ups its forecast to an all-time high?



To: etchmeister who wrote (19118)5/25/2006 7:40:29 PM
From: Proud_Infidel  Respond to of 25522
 
Sub out cash and investments, and AMAT is now trading at about 2X sales for FY06.

And even with the bearish attitude toward the sector, there is a high estimate for 07 revenues of $11.57B. What happens if things go better for the sector than even these estimates? Is anyone paying attention to this stock anymore?