Ken,

I think Pentax and Hoya are both pretty schrewd.
Pentax has been a small company competing with a giant like Canon.
They need a big brother to help them.

Hoya is no dummy either.  They get a high quality, good reputation
lens and camera maker to market products in the higher end of the
consumer market where the profits are better.  And then there is the
other end of the market - medical imaging. ;-)

Regards,  Bob S.

On 12/21/06, Ken Takeshita <[EMAIL PROTECTED]> wrote:
> On 12/21/06, Tom C <[EMAIL PROTECTED]> wrote:
> > According to the Wall Street Journal, it less of a merger and more of an
> > acquisition.
>
> It was a stock swap deal, only in that Hoya is much larger, hence
> Pentax 1 vs. Hoya 0.15 something.
> On plus side, pentax did not agree with this under duress and it was
> rather Hoya who approached Pentax.
> OTOH, I do not know what to make of their statement that Imaging
> System Division remail an independent entity under the holding company
> (much like Tokina, Kenko?).
> That might make the separation or selling of it easier lateron.
> But Pentax has been shrewed in surviving in this competitive
> environment, and I do not believe they are stupid enough to lower
> thier guard.  Or they deliberately wanted to maintain certain autonomy
> on camera biz.
>
> Ken
>
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