I just saw this terrible news on Luminous Landscape.
I just saw this terrible news on Luminous Landscape.
Damn. So it begins.
Some people in Denmark and Sweden might be very happy about this .
You know maybe but I honestly don't think so if they look at the overall market place like we do. It's very disconcerting all around and frankly I am soooooooooooooooooooo tired about hearing about financial stuff. My depression level keeps sinking daily and a lot of the world population is not very happy either. I just sent a note to some friends telling them I have gotten more Chapter 11 notices from my past clients at a very alarming rate.
Is he liquidating the company, or just filing for protection from creditors during a reorganization? I couldn't tell from the PDF.
If the company's current business is sound and the problems were holdovers from past bad financial practices, a court-protected reorganization could help it get going again.
I bet Kodak (Leaf) buys them out.
Question is how much buyout funds are out there for someone to take control and is it worth it.
It is kind of sad to think that the fine technology that went into the Hy6 could be lost, or shelved. Not trying to fan flames of debate here, but just looking at the playing field now. Nothing else out there really matches what the Hy6 was capable of, even if its execution was at times stumbling. I really hope somebody picks things up and keeps it going, but we will have to wait and see.
Sad news for sure but much too early to say how it will end and what the long term impact will be on the Hy6 and Rollei lineup. IMHO, the most likely buyer is Sinar/Jenoptic.
First Thierry leaves Sinar employement and then a few days later announcement #1 hits the fan really sad to see ...
It seems Thierry's demise was a result of this announcement being somewhat impending already...
But hey Pete, maybe there is an opportunity for you -- a nice little hobby company for you to scarf up cheap.
Who cares? Buy a Contax 645
Oh sure . LOL
Can you put a waist level finder on your Phamiya?
I'd rather be looking at my model than at my shoes LOL.
the waist level finder is also very handy if you don't have an eyelevel tripod.
Don't want one, hate them with a passion. I had hassy for 20 years. Doug the Contax is a nice system but not a religion my friend. And there is no future builds with it. Not something I am even interested in. I would flip any system on a dime if there was something that gave me any advantage. I have done it repeatedly, these are tools and that is all they are. They day I take any system that serious is a day i will hang up my straps and get out of this business entirely. You simply can't have your cake and expect the icing to taste good with any of them.
I'd consider replacing it with an RZ67 but would have to change my back mount.
Discussion as to the liver temperature of Contax 645 or other dead or dead-appearing systems is strongly discouraged. Be careful, you never know when your favorite camera might be suddenly supported by a chapter 7 company or one merely acting that way. Consider that if they were any damn good then they would have generated enough sales to be interesting to somebody who would have at least bought the rights to the installed base.
Old Cameras, like relatives, often are most loved when gone.
You have been WARNED!
we return to our normal programming and apoligise for all of the inconvenience
Franke & Heidecke are insolvent
on Monday, 02. March 2009 - 17:57
Bad messages also from Braunschweig: The Franke & Heidecke GmbH, only recently of the Hans R. Schmid participation GmbH taken over, announced insolvency - because of financial and other refuse dumps:
Franke & Heidecke divide in addition with:
Franke & Heidecke announce insolvency
The Franke & Heidecke GmbH, precision mechanics & optics, with seat in Braunschweig announced insolvency.
The Hans R. Schmid participation GmbH, open castle, had taken part in September 2008 by the majority in the society. For the majority partner Hans R. Schmid, there was an admitting supporter of the products of the house, that had called its commitment „affair of heart “, last no more alternative to the insolvency.
Although at the time of the assumption it was clear already that a successful redevelopment would be connected with substantial expenditure, accepted Schmid the task and acted decided: Additional specialists were adjusted, the weak points in the enterprise were analyzed and millions in manufacturing and quality assurance invested among other things.
By these measures it succeeded to obtain fast progress however the substantial omissions of the past were not to be eliminated in the necessary time. When last still - to the new partner at the time did not admit of the assumption - financial and other refuse dumps stepped to light, it became clear that a redevelopment would not have to be created under employment of further millions. This all the more, when in addition it came that negotiations with important business partners, banks and the attempt to receive public means likewise had failed.
The new partner had invested and held additional financial means to last several times and despite substantial exposures to loss in the enterprise the society and hope for receipt of the 131 jobs thereby is alive enough. Now the insolvency no more was not to be avoided. Altogether Schmid invested an amount of millions with two digits.
Braunschweig, 27 February 2009
Which happens now with Franke & Heidecke, in addition, with the cameras Sinar Hy6 and Leaf AFi (Franke & Heidecke prouzierte the housings for both), we try to get to know.
New ownership structure with Franke & Heidecke - September 2008
Franke & Heidecke: The future belongs to us! - September 2008
New momentum with Franke & Heidecke - January 2009
* Contribution further-recommend
* Store as pdf
* Printing version
To the topic:
* New momentum with Franke & Heidecke
* Werksbesichtigung with Franke & Heidecke
* New ownership structure with Franke & Heidecke (updated)
* Franke & Heidecke increase capital stock
* Franke & Heidecke train (again)
* Franke & Heidecke inform in the SQUARE
* „The factory for precision mechanics & optics “is on-line
* Franke & Heidecke prosperiert
* Digital moving IL adapter for XAct 2
* Franke & Heidecke GmbH take American market in its sights
* SQUARE newsletter #2 on-line
* Rollei repair service
I don't know anything about the gentleman who has been investing in F&H, but as financial markets drop overall, wealthy individual investors who have leveraged their holdings (borrowed against the value of their stocks to fund more investments) start getting "margin calls" -- demands from their bankers to put up a greater percentage of cash. To raise the cash, they may have to sell assets -- which are dropping in value, so they have to sell more than they would in a normal market -- leaving them with a smaller portfolio of less-valuable assets. It's possible for even a good-sized fortune be all but wiped out in just a few days of this sort of thing.
I'm sure it's always good to be rich, but right now it seems not to be quite as good as it usually is...
Doug I lost ya there. A RZ 67 would not work for my type of work nor would a waist level finder. But if i did more studio work a RZ would certainly be a nice compliment to my Phase body when that is more adept at other more fluid work. For what I do I am more the DSLR style of shooting.
You have a call from Mr. Margin...
For what I do, I'm finding the waist level finder to be almost always on the camera. The view is larger, more magnified, and more like looking at a large format ground glass, though a small one.
Bob, pass some grass man.
Sure, have a toke
I would consider buying Sinar - if I could secure the services of LL to push the product - you know like the great job he has done slagging off @ Hasselblad and ignoring every other back maker - except you know umm which backs does he like again?
Am I a touch too cynical? Yes - way too cycnical to invest one dollar of mine or my clients money in these soon to be terminated companies - victims of their own high margin low return business models.
It is truly scary whats going on and sad..very sad for craftsmanship
For me it isnt about the tool to do a job, because I have realised years ago that pretty much they all do the job and everything else is just - well everything else.
There is a pleasure working with the right tool that fits your hand which cant be objectified or rationalised. This pleasure is just as real - and perhaps more important than the raw files to be manipulated in software that they all produce.
If I didnt marvel at the magic of glass and the wonder at the mechanical and electrical genius of the construction of these things we call cameras, if teaching myself the beauty of shifts and tilts rises and falls wasnt fun - well my friend
I woudl buy a P&S with a 28m fixed lens and give it to my wife to make family snaps and find another hobby like ..maybe ..the search for the perfect Martini.
Seriously. Hendricks gin. Bone dry (don't even whisper vermouth as you pour the Hendricks into your shaker) and shaken GENTLY until as cold as is possible for 80 proof alcohol to get. Pour into a chilled martini glass, garnish with a generous slice of fresh Persian cucumber -- and don't even think about adding an onion or an olive, you'll destroy it.
I now return you to your regular programming
I agree pleasure is nice Peter but I have still yet to find a camera fit my hand better than the DMR and I have been through a lot of systems. My pleasure anymore is really in working the files and seeing what they do. The hardware part in a lot of ways I keep losing interest in for some reason and not sure why. Since going into MF the glass got less important than it did when i shot the M8 or the DMR or any Canon which sucked or Nikon which i don't like the color. To me in 35mm glass is king for a great file in MF I feel it is the back and software are much more important than the glass anymore. I do still like nice glass and have some stellar ones but for some reason i don't put much into now and the Franke-Heidecke does absolutely nothing for me except seriously deplete all bank accounts. LOL
I'm in a funky mood today if you have not picked up on it. Just not happy with the world and my phone is deadly silent today. Not good things
My phone isn't ringing either. I really dig it that way..peace and quiet.
Thanks bud. I know your in the same space. Good on the weddings , may have to look that way myself.
Yes Mike my corporate industrial the bread and butter has no life blood. I still have a couple that are doing okay but the rest OUCH. I can see why your not a popular guy right now, so pass on the Hendricks bud. LOL
I'll take a Full Bottle.....
Are we all in the Swamp
Very Sorry Mike.
This thread did make me Laugh
as well as Terrify me
To Light & Love
On the other hand (he says in his most pragmatic broadcasters voice)it is what it is and Contax no longer exists for any format. You can make use of your contax 35mm lenses on the Canon mount and you can certainly buy up Contax 645 stuff in great shape which will take wonderful images for the rest of our lifetimes. Point is that it is a dead end, over and outl
So I say, get over it and move on to Phase, Mamiya, Hasselblad etc and buy into a system that will continue to be improved each and every day. i suspect we will see many of the Contax features implemented in these other systems as time moves on.
JMHO and definitely YMMV
Jack - I did miss the thread and the recipe - thanks for that i will try it tonight my secretary is out sourcing the Gin now. Only problem is "Persian' cucumber - wtf is that ? LOL sorry buddy I like a green olive in mine. You know what - maybe a lunch time drink isnt such a bad bloody idea today!
Guy - I am on a downer myself - i think we are all sharing some pain no matter what field of enterprise we engage in to put bread on the table mate.
I have a really bad problem with gear - bottom line? I just dont LIKE digital I have tried to compensate by buying and checking out all the best stuff I can - but in the end I JUST DONT LIKE IT as much as ..dare I say it ? FILM * ....mad laughter now follows.
Keep a spare in the pantry.
Besh advishe I could give ya
Persian cucumber... must be a California thing, but you are dead on with the cuke in the Martini. Tried it and loved it and I pick my bars these days by who stocks Hendricks. BTW, after a few of these I find I shoot the Contax better than the Hy6
I am a scotch man myself, so I'll leave the martinis to you guys.
Franke & Heidecke going insolvent is just incredibly sad. It takes one genteel old camera company out of the equation, and puts undue pressure on two others. I wonder if this is related to Thierry's departure. It sounds like it may well be. If there is no Hy6 to sell any more...
Truly sad. I doubt that anyone in their right mind is cheering, especially at Hasselblad. Although the connection in recent years was likely tenuous or non-existent, there did use to be an aspect of gentlemanly competition between them:
I hope that the insolvency is a call in distress, and that someone hears it. I cannot at the moment imagine who that might be, if not Jenoptik, but hopefully someone picks up the Hy6 and the rights to produce the classic Rolleiflex 2.8F and so on.
"Bad business practice" comes to mind. I wonder where that leaves Leaf and its AFi10 now.
I wouldn't know about "bad business practice", I'll leave that to the people that have a better grasp of that kind of stuff.
However, common sense tells me it's a classic case of unfortunate timing ... a relatively new piece of high-end gear with all the attendant R&D costs aimed at an industry that's one of the first to be impacted by a surprisingly potent economic downturn of this magnitude ... well, marketing industries and all their offshoots to be more precise. BTW, this is precisely why I'm a tad worried about the impending launch of the Leica S2.
Just using my neophyte business noodle I'd say F&H, Leaf and Sinar should consolidate as the third big player in MF digital ... it seems that could possibly give them a fighting chance. But I doubt the three "cultures" could mesh fast enough ... unless one dominate player or investor could over-ride all the issues with a strong management hand.
It would be great if Kodak could muster the enthusiasm to do it. Could really drive their part in medium format forward.
However, I hear they (Kodak) are more and more interested in the cinema / motion industry as the returns are of course that much higher.
Well my weddings have gone south, hardly a booking as people take cheaper options when I'm already on the edge of what I can afford to provide. Then the guy who is to be my business partner for the opening of a camera rental shop just tells me his bank are cutting up rough about releasing his 50% of the investment money. I was ready to go in just two months...
I am not a painter, nor an artist. Therefore I can see straight, and that may be my undoing. - Alfred Stieglitz
Ouch, sorry to hear that Ben. It seems as if the bad news won't stop coming. I was just about to sell some stock from my employee stock purchase plan when I thought that the normal spikes would give a small boost if I could wait a couple of weeks. Then AIG hit and if I sell now, I barely make anything. I might have to wait a little longer. That money was going to pay for a film scanner and a panohead. Oh well.
Macs made it because they DID generate enough revenue to interest investors. They went through a rough patch. had manufacturing issues, and a bit of a slide until the board convinced Jobs to come back and boot Gil Amelio. There was throughout that period an attractive revenue stream.
Mainstream is not my preference generally, but the alt-stream has to be viable, if it is not, it dies.