The stock price would have moved immediately (if it was going to) on the
initial announcment of the tie-up with Samsung.
The price went up this time because:
a Pentax showed a large restructuring charge (which makes it look as
though they're grappling with their problems - any action is better than
no action, or so the theory goes)
b Pentax announced a forecast of higher full year profits. Higher, that
is, than the last time they made a forecast. Companies don't usually do
this unless they are feeling pretty confident; it's a bit of a hostage to
fortune. Perhaps they're negotiating to sell the whole camera division to
Samsung. It's not impossible, and would make a lot of sense commercially,
particularly if Pentax continued to make the lenses.
I have to say that, whilst I don't relish the idea of Pentax cameras being
sold off, I am very heartened by the profit forecast. And given that it
is only three years since Asahi changed its named to Pentax Corporation, I
think a sale of the camera division is unlikely.
John
On Sat, 05 Nov 2005 17:08:19 -0000, <[EMAIL PROTECTED]> wrote:
In a message dated 11/5/2005 9:05:42 AM Pacific Standard Time,
[EMAIL PROTECTED] writes:
Because it's not an actually corporate change, just an agreement, and
these things can be abrogated at any time.
============
Still, I might have thought it might lead to an increase in stock price.
But
too soon, I guess.
Right, nothing's happened yet so no one can predict it's going to make
any
money (ie. do any good).
Marnie aka Doe
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