Absolutely correct Paul. My feelings exactly. Regards, Bob S. On 12/22/06, Paul Stenquist <[EMAIL PROTECTED]> wrote: > There is really no such thing as a pure merger. One partner is always > dominant. Yet many mergers/acquisitions are successful and made with > the best intentions. And when a product line is strong, it survives. > Deeper resources can be a plus for a small manufacturer. I see this > as a very positive step for Pentax. However, short term it will have > no impact whatsoever. It's far too soon for hand wringing. I'm good > with my current equipment for the next few years at least. And I hope > to add some DA* lenses. They're not going away. > Paul > On Dec 22, 2006, at 10:03 AM, graywolf wrote: > > > One of the things that amuses me is how most people figure this > > stuff is > > about manufacturing and selling things. No, it is about financial > > maniplations with the intention of large amounts of cash getting stuck > > in your pockets during the transaction. You can believe that the folks > > who engineered this are far wealthier than they were a year ago. > > > > From what I have seen over the years, merger=marriage, > > acquisition=rape. > > > > > > > > Bob Sullivan wrote: > >> This is all financial engineering stuff done by the Mergers & > >> Acquisition people. > >> They look at the sales/marketing end of the business and say, > >> "Wow, Hoya and Pentax have some strengths in the marketplace with > >> buyers." > >> Then they look at the the manufacturing/distribution side of the > >> business and say, > >> "Wow, they could do that a lot cheaper if they consolidated > >> operations." > >> So the financial guys 'engineer' a more profitable new enterprise. > >> (Sometimes the results workout, sometimes they don't - the M & A > >> people get their money up front!) > >> Regards, Bob S. > >> > >> On 12/21/06, Bertil Holmberg <[EMAIL PROTECTED]> wrote: > >>>> Pentax is a valuable trademark, and its value is increasing now > >>>> with the K-series dslrs. I do not think they will leave it. > >>> More info from DCWatch. Twice as large and much more profitable HOYA > >>> is swallowing Pentax but I'm sure they will keep their trade marks. > >>> Will this mean HOYA glass in Pentax lenses? > >>> > >>> > >>> Basic agreement for HOYA, Pentax, and business integration > >>> > >>> The digital camera maintains the imaging business of Pentax. > >>> > >>> HOYA Ltd. and Pentax Ltd. announced that it basic agreed for the two > >>> companies to amalgamate on the 21st and October 1, 2007, and to do > >>> the management integration. The surviving company becomes HOYA. The > >>> name of the company of a new company is "HOYA Pentax HD (Eitide) > >>> Ltd.. " > >>> > >>> President and Representative Director present Pentax Fumio Urano > >>> assumes the position of the new company director chairman and > >>> Hiroshi > >>> present HOYA representative execution post CEO Suzuki assumes the > >>> position of representative execution post CEO respectively. In > >>> integration, the common stock 0.158 stocks a common stock stock of > >>> Pentax of HOYA are allocated. > >>> > >>> The two companies assume optics, the image, and the material to be a > >>> common technological base by business integration, and aim at the > >>> optimization of the business centering on each field of the life > >>> care, Optx, the information electronics, the eye caring, and the > >>> imaging system. Additionally, earnings to which the information > >>> electronics field and the eye caring field are steady are turned on, > >>> and it aims at strategic growth in the life caring field. In > >>> addition, the business structure is qualitatively converted by the > >>> vertical integration, and strengthening competitive edge is aimed at > >>> in the Optx field. > >>> > >>> After it integrates it, each business field where "Business section > >>> to which the authority is transferred with a small headquarters" was > >>> assumed to be an indicator is reorganized. In a new company, it is > >>> assumed that HOYA and the brand of Pentax of each business field are > >>> made the best use of. > >>> > >>> In the imaging system fields such as digital cameras and binoculars, > >>> the imaging business of Pentax is maintained. The differentiation is > >>> aimed at with the high value-added product, and it specializes in > >>> the > >>> field where competitive edge can be demonstrated. The same field is > >>> aimed at, and moreover, it locates, and the horizontal > >>> development is > >>> aimed at with the mother's body that invents a new technology of the > >>> optical equipment system in the life caring field and the security > >>> field. > >>> > >>> It is assumed that it wants to attempt differentiating by raising > >>> the > >>> additional value that demonstrates the strong point of the two > >>> companies in each field for the intensification of the > >>> competition by > >>> the entry of gaining power Asian power and the appliance maker etc. > >>> in the digital camera field, and centers on the technology in > >>> addition to cost competitiveness. > >>> > >>> In the Optx fields of the optical glass, the lens, and the digital > >>> camera module, etc. , the Optx business of HOYA and the optical > >>> component business of Pentax are integrated. The material lens, the > >>> processing, and the vertical integration to the module are aimed at > >>> from the design, cost competitiveness is improved, and the > >>> technological development power is strengthened at the same time. > >>> Moreover, the competitive edge that can correspond to the industry > >>> structure change in the future including Asian power is secured by > >>> using HOYA, the manufacturing base of Pentax, and the customer base > >>> mutually. > >>> > >>> In the life caring field such as endoscopes, a medical business of > >>> HOYA and the life caring business of Pentax are integrated. The same > >>> field is aimed at, and it locates, and consistent development from > >>> the diagnosis to treatment is aimed at with the strategic growth > >>> field. Moreover, it aims at doubling the business scale by expanding > >>> the improvement of the product development power by the research and > >>> development investment and M&A and business and the marketing body > >>> poses. > >>> > >>> The information electronics field such as the glass magnetic disks > >>> separates the Optx business from the electro Optx field of HOYA. It > >>> enhances competitiveness as a center business of the earning power > >>> after it integrates it and growth is aimed at. > >>> > >>> The eye caring field of glasses and the contact lens separates a > >>> medical business from the eye caring field of HOYA. It aims at the > >>> information electronics field and a center business and the location > >>> growth that queues up from can the expectation of stable growth. > >>> > >>> In other fields, the business of the two companies is maintained. > >>> The > >>> research and development section unites the R&D center of HOYA and > >>> the research and development headquarters of Pentax as a Corporate > >>> section. It improves the efficiency of the business selecting and > >>> intensively in the new field such as the measurement equipment where > >>> earnings or more are expected in the future while invested > >>> positively. > >>> > >>> The two companies set up the integrated preparation committee that > >>> makes Hiroshi Suzuki execution by proxy post CEO of HOYA and > >>> President and Representative Director Fumio Urano of Pentax for > >>> management and the business in a new company after it integrates > >>> it a > >>> mirror trunk chairman. It is assumed, it is, and "An excellent each > >>> two companies, point is brought together in this committee, and a > >>> new > >>> system is produced jointly" in various systems. > >>> > >>> HOYA Pentax HD that is a new company continues listing to the first > >>> in the Tokyo Stock Exchange market that HOYA is listing now. New > >>> stock reservation right etc. of the number of issue schedule stocks > >>> and the Pentax luminescence because of the address of a new home > >>> office of a company, total assets, the capital, and the amalgamation > >>> are assumed to make it public as soon as it fixes. > >>> > >>> HOYA has the world top share in the glass magnetic disk base for > >>> Mascbrancs and HDD related to the semiconductor. Moreover, the > >>> optical glass and the lens bear the corner of the leading company. > >>> The consolidated sales amount at the period on March, 2006 is 344 > >>> billion yen, operating profit 101 billion yen, and gross profit 75.6 > >>> billion yen. The number of employees is 3,338 people. > >>> > >>> Pentax is developing the endoscope etc. in the medical equipment > >>> field in addition to sales of the digital camera and the digital > >>> camera module. Sales at the period on March, 2006 are 142.2 billion > >>> yen, the operating profit three billion yen, and the gross profit > >>> 800 > >>> million yen. The number of employees is 1,336 people. > >>> > >>> -- > >>> PDML Pentax-Discuss Mail List > >>> PDML@pdml.net > >>> http://pdml.net/mailman/listinfo/pdml_pdml.net > >>> > >> > > > > -- > > PDML Pentax-Discuss Mail List > > PDML@pdml.net > > http://pdml.net/mailman/listinfo/pdml_pdml.net > > > -- > PDML Pentax-Discuss Mail List > PDML@pdml.net > http://pdml.net/mailman/listinfo/pdml_pdml.net >
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