Sparx has been pushing Pentax's demise as an independent entity for some time now. Of course it supported Urano's efforts it was in line with it's wishes. I don't know Pentax's view of it's own positions. But I can easily understand Sparx's motives.
Tom C wrote: > That's not what the words "Sparx had *supported Urano's efforts*" means to > me. > > It's kind of silly for either of us to think we understand more about > Pentax's financial and market position than Pentax itself or it's major > stockholders. > > Tom C. > > > >> From: "P. J. Alling" <[EMAIL PROTECTED]> >> Reply-To: Pentax-Discuss Mail List <[email protected]> >> To: Pentax-Discuss Mail List <[email protected]> >> Subject: Re: Pentax Update - Shakeup in the Works (again) >> Date: Tue, 24 Apr 2007 19:29:08 -0400 >> >> Sparx predicted Pentax's inability to go it alone. It seems to me that >> Sparx is forcing that prediction to come true. That is a self >> fulfilling prophecy. >> >> Tom C wrote: >> >>> The self-fulfilling prophecy would be if Pentax management thought the >>> company could not survive on it's own, and they did NOT seek a >>> >> partnership >> >>> with another firm. >>> >>> >>> Tom C. >>> >>> >>> >>> >>>> From: "P. J. Alling" <[EMAIL PROTECTED]> >>>> Reply-To: Pentax-Discuss Mail List <[email protected]> >>>> To: Pentax-Discuss Mail List <[email protected]> >>>> Subject: Re: Pentax Update - Shakeup in the Works (again) >>>> Date: Tue, 24 Apr 2007 18:33:24 -0400 >>>> >>>> >>>> >>>>> Sparx had supported Urano's efforts to pursue a merger with Hoya amid >>>>> >>>>> >>>> the >>>> >>>> >>>>> belief that Pentax would not be able to survive on its own. >>>>> >>>>> >>>> Does anyone else see a self fulfilling prophecy here? >>>> >>>> Tom C wrote: >>>> >>>> >>>>> Excerpts... >>>>> >>>>> TOKYO (Nikkei)--Pentax Corp.'s top shareholder, Sparx Group Co., >>>>> >> plans >> >>>>> to back the appointment of directors to the camera manufacturer's >>>>> board who would support Hoya Corp.'s tender offer plans >>>>> >>>>> This could bode ill for Pentax President Takashi Watanuki and others >>>>> >> who >> >>>>> voted down a proposed merger with Hoya and are said to be against a >>>>> >>>>> >>>> business >>>> >>>> >>>>> integration with the firm. Sparx aims to use its 23.98% stake in >>>>> >> Pentax >> >>>> to >>>> >>>> >>>>> nudge the company toward accepting a business integration with Hoya. >>>>> >>>>> With all eight Pentax directors facing re-election at an upcoming >>>>> >>>>> >>>> general >>>> >>>> >>>>> shareholders meeting scheduled for June 22, Sparx plans to propose the >>>>> reappointment of former President Fumio Urano and former Executive >>>>> >> Vice >> >>>>> President Katsuo Morio to the board. The pro-merger Urano and Morio >>>>> >>>>> >>>> were >>>> >>>> >>>>> relieved of their duties as executives earlier this month. >>>>> >>>>> ... >>>>> >>>>> Sparx apparently believes that its proposed appointments will go >>>>> >> through >> >>>>> if it can win the support of overseas shareholders who are highly >>>>> >>>>> >>>> conscious >>>> >>>> >>>>> of >>>>> measures aimed at improving Pentax's enterprise value. >>>>> >>>>> Sparx had supported Urano's efforts to pursue a merger with Hoya amid >>>>> >>>>> >>>> the >>>> >>>> >>>>> belief that Pentax would not be able to survive on its own. >>>>> >>>>> ... >>>>> >>>>> Citing an internal rift at Pentax, Sparx will call for an overhaul of >>>>> >>>>> >>>> the >>>> >>>> >>>>> camera manufacturer's leadership to prevent an erosion in the >>>>> >> company's >> >>>>> share >>>>> price and other enterprise values. >>>>> >>>>> >>>>> Tom C. >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>> -- >>>> Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf >>>> thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. >>>> >>>> >>>> -- >>>> PDML Pentax-Discuss Mail List >>>> [email protected] >>>> http://pdml.net/mailman/listinfo/pdml_pdml.net >>>> >>>> >>> >>> >>> >> -- >> Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf >> thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. >> >> >> -- >> PDML Pentax-Discuss Mail List >> [email protected] >> http://pdml.net/mailman/listinfo/pdml_pdml.net >> > > > > -- Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
