Hi Douglas, my 'thought' reading those numbers is that while 'smallish' in the scale of the billions and billions being bled in red on balance sheets the world over - wouldn't leica's small scale of operations (relative to the big boys in the corporate world) make those 4mil euro losses all the more damaging and dangerous? On relative basis, Leica's reserves and markets and balance sheets would be more 'responsive' to damage - wouldn't it? I'm just a non-business person who uses camera equipment, but wouldn't an Asian Camera Maker attempting to break into the Full Frame - Big Boys - High Specification - Professional SLR business (rhymes with 'Konica') be buying into oodles of prestige and reflected interest putting Leica Glass on their Cameras? Make lots of noise in the photo cognizati wouldn't it? It's just a theory that keeps popping up in my mind as being 'good'. Also would give Konica an instant "L" lens lineup a'la Canon. I know Panasonic and Leica have some sort of arrangement so who knows where that's going. Can anyone envision a "PRO" 4/3rd's dSLR coming to fruition? Richard ________________________________ Life is hard...but I just take it one photograph at a time. ~•~ "You miss 100% of the shots you never take" Wayne Gretzky ~•~ In a world without walls and fences, who needs Windows or Gates? ~•~ It's okay to be stupid. Just don't be gung-ho about it. ________________________________ freelists.org/archives/leicareflex/