Ya, but what I've "heard" If it wasn't for that 10mil (at that time) Hurco would have been ........... well ........kinda like Fadel now
Ya, but what I've "heard" If it wasn't for that 10mil (at that time) Hurco would have been ........... well ........kinda like Fadel now
Joe788 wrote in news:f3f3b4f5-a4f8-4648-8f30- snipped-for-privacy@c34g2000pri.googlegroups.com:
Read through attachment linked below and you'll see that they spent a lot of money on fixed assets and securities (DMG stock) as well as took some write offs. Plus they bought the Magnescale business from Sony, so there's a lot of one time charges in that number.
On balance they are in good shape, but the amount of money they are spending during a downturn gives me pause. But if they realize a payoff in sales from offering glass scales standard or as a low cost option, and if the deal with DMG pays off then they will look smart for being bold. If it doesn't work out then it will look like they were taking risky gambles that they shouldn't have and they might end up being bought out or being run by a new CEO.
======== I don't know how the tax laws are structured in Japan, but this may well be a "paper loss" as a result of transfer pricing that shifts their international profits to a no/low tax haven such as Aruba or Macau.
The ease with which transnational corporations can shift profits and evade taxes is one of their major problems.
Unka George (George McDuffee) .............................. The past is a foreign country; they do things differently there. L. P. Hartley (1895-1972), British author. The Go-Between, Prologue (1953).
Yeah, they definitely spent a lot of money on one time expansion stuff, but all of that stuff still only added up to 190 million dollars. Even a $200 million operating loss is nothing to scoff at for a billion dollar company. It will be interesting to see what they do with the scale business. They sure have been introducing a lot of neat machines lately.
Joe788 wrote in news: snipped-for-privacy@l24g2000prh.googlegroups.com:
I've heard that they want to make some majority of their models sub micron accurate by a certain date in the fairly near future.
All machinery--even the cheapest chinese crap imports are sub-micron accurate---at least to a projected tolerance of several hundred light years / arc segment--just you need to chart it all out into your kinematic system using John R. Carroll's ( provisional patent pending ) fog box is all...
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