Also this would indicate that Hoya was not THAT interested in the
camera-side of Pentax...
-------------
''To reveal the secret, we had a dinner together about two years
ago and discussed possible synergies on our medical operations,''
Urano said.
But the plan failed at that time as *Pentax* did not want to just
have a business tie-up on the medical segment, Urano said, noting
that he knew the camera maker's expertise in the field would be a
promising engine for its growth.
I'll allow you to draw your own conclusions.
----------------
Tom C.
>From: "Tom C" <[EMAIL PROTECTED]>
>Reply-To: Pentax-Discuss Mail List <[email protected]>
>To: [email protected]
>Subject: Re: Pentax/Hoya/Tokina
>Date: Thu, 21 Dec 2006 15:17:41 -0700
>
> > >From reading the articles, they're claiming that Hoya mentioned this
> >deal over a year ago and Pentax turned them down. My suspicion is that
> >Hoya wasn't that eager until they saw the success of the K100D and K10D.
> >
> >I think both companies stand to benefit enormously from this deal :)
> >
> >
> >
> >Mark Roberts
>
>That's backwards if you ask me. If Hoya mentioned the deal and Pentax
>turned
>them down, how does that equate to Hoya NOT being that eager? It was
>apparently Pentax that was not eager, since at that point in time, they did
>not take them up on it.
>
>Nothing says a proposing suitor is not eager, even if they're turned down
>by
>the prospective bride.
>
>I agree that both companies may benefit, especially Pentax from the cash
>influx.
>
> >From a recent report: (in a nusthell it says they are acquiring Pentax
>mainly for their medical imaging business, not their consumer camera
>business).
>
>
>TOKYO (Nikkei)--Hoya Corp. (7741) aims to boost profit by merging with
>Pentax Corp. (7750) and absorbing its technology.
> A strong financial position will allow Hoya to effectively acquire
>Pentax,
>whose market capitalization is around 88 billion yen, compared with Hoya's
>1.96
>trillion yen or so. The merged entity, Hoya Pentax HD Corp., will be
>launched
>in October 2007.
> Hoya is poised to further develop the profitability of its mainstay
>products, including glass substrates for hard-disk drives. It also hopes
>to
>create a new source of revenue by tapping into Pentax's technology.
> "Their medical devices business looked very attractive," Hoya
>President
>Hiroshi Suzuki said of Pentax in an interview Thursday with The Nihon
>Keizai
>Shimbun.
> Pentax's strengths in medical devices include endoscopes and other
>equipment. Its sales from this field totaled 33.1 billion yen in the year
>ended March 31, trailing only Olympus Corp. (7733) and Fujinon Corp. on a
>global basis.
> But while Olympus offers an endoscope with cancer detection
>functionality,
>and Fujinon markets a transnasal endoscope, Pentax has lagged in
>development
>of
>value-added products. The merger will enable Pentax to take advantage of
>Hoya's capital and rebuild its R&D capabilities.
> Hoya's financial prowess is also expected to benefit Pentax's digital
>camera operations, which have languished in market share. Pentax has found
>success with its digital SLR (single-lens reflex) cameras targeting
>individuals
>with beginner- to intermediate-level photography skills, but its digital
>SLR
>production base is limited to the Philippines.
> There are concerns that Pentax's inventory shortages will hurt its
>sales
>performance in the year-end holiday shopping season. The presence of such
>electronics manufacturers as Sony Corp. (6758) and Matsushita Electric
>Industrial Co. (6752) in the digital camera market is also expected to
>intensify price competition. Instead, Pentax may opt to scale back its
>low-
>margin compact digital cameras and work on building up its production
>structure
>for the growth potential market of digital SLRs.
>
>------
>
>
>Tom C.
>
>
>
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