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03-20-2009, 01:35 PM   #1
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philbaum's Avatar

Join Date: Oct 2007
Location: Port Townsend, Washington State, USA
Posts: 3,659
Falling Pentax lens sales causes Fedex, UPS Cuts

Okay, okay, the title on the Forum says "rumors", so perhaps i can get away with some half-truths :-)

On Yahoo News:
QuoteQuote:
Economists and analysts consider FedEx and larger rival UPS to be bellwethers of the global economy, since they deal with such basic indicators of company health as orders and product shipments. Both companies have been courting former customers of DHL, which pulled out of ground deliveries in the U.S. earlier this year.

Memphis, Tenn.-based FedEx earned $97 million, or 31 cents per share, compared with $393 million, or $1.26 a year earlier in the December-to-February period. Revenue fell 14 percent from a year ago, to $8.14 billion, and 14.7 percent from the previous quarter.

Atlanta-based UPS, the world biggest package shipper, said in February that it made a profit in the fourth quarter, compared to a year-ago loss, when it was weighed down by a big one-time charge. But quarterly sales fell 5.2 percent. The company suspended its 401(k) match, announced plans to cut an unspecified number of jobs and froze management salaries.
With this kind of background, cuts in Pentax workforce don't seem out of line.

Lighten up and lets go out and take more great images. I enjoy it and expect to shoot my Pentax gear for 10 more years. Heck, one of the 70 members in our camera club shoots with a large box camera.

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