That does it. The sky is falling. I'm going into the hard hat business. G
On May 16, 2007, at 12:54 PM, P. J. Alling wrote: > 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. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
