----- Original Message ----- 
From: "P. J. Alling"
Subject: Re: Pentax Unveils New Business Plan


> Months passed before the Pentax board became aware of Hoya's plans to
> dismember Pentax and sell of the Camera, (and other), division(s).  A
> contract can be rendered void if both parties don't understand the
> implications of said contract.  At least that's how tort law used to
> work.  There must be a meeting of the minds.  If this is case Pentax had
> every right to withdraw.  Hoya has every right to attempt a hostile
> takeover.

Hmm, experience also says that if there is not a meeting of the minds, then 
there is the letter of the contract, which may or may not reflect the spirit 
of the agreement.

William Robb 


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