Once again not worth the paper it's written on, once the ink is dry. However it looks like Pentax's days as a company are over, and that the Camera business will be terminated the first quarter it loses a percentage point in profits. Pentax management sees itself as a Camera and Lens maker first and foremost. Hoya has no such illusions. The only thing that could be hoped is the Hoya won't starve the Imaging division of R&D money, otherwise it's eventual demise is a self fulfilling prophecy on Hoya's part.
Tom C wrote: > TOKYO (Nikkei)--Pentax Corp. has reached a preliminary agreement to > be acquired by optical glass maker Hoya Corp. via a tender offer as soon > as early June, bringing to a close a monthlong saga in which the camera > maker > has sought a path to surviving on its own, The Nikkei learned Wednesday. > > In a meeting with Hoya Chief Executive Officer Hiroshi Suzuki, Pentax > President Takashi Watanuki agreed to back the tender offer on two > conditions: > that Pentax is not merged with Hoya for the time being -- remaining a > subsidiary -- and that six board members are allowed to retain their posts. > Suzuki indicated that he would take the matter under consideration, paving > the > way for the basic accord. The two executives were joined by their financial > advisers. > > Selling off Pentax's digital camera segment had previously been raised as > a possibility. But this was not discussed at the meeting, and Hoya > officials > say the business will not be sold. > > Tom C. > > > > -- All dogs have four legs; my cat has four legs. Therefore, my cat is a dog. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
