>He was no more >parroting the industry than a newspaper parrots it's sources when it >encloses words in quotation marks. Repeating what one hears in an attempt >to disseminate information.
And yes, I realize before anyone points it out, that this is parroting. My point was, that repeating public information is not a crime. Tom C. >From: "Tom C" <[EMAIL PROTECTED]> >Reply-To: Pentax-Discuss Mail List <[email protected]> >To: [email protected] >Subject: Re: Don't want to sound too alarmist but... >Date: Mon, 21 May 2007 15:44:57 -0600 > >Pentax WAS in the red with the camera division, you know that. It was >underperforming, so stating so was a matter of fact. > >The one basic thing that Herb and some of us were trying to say, is that it >really doesn't matter how Pentax percieves itself or how you, I, other >Pentax brand owners perceives the company. First they're a public company. >Second they have a small footprint in consumers' eyes, face competitors >that >are better healed, more competitive, and have 10X higher profit margins, >and >better brand recognition. Third, looking at what was happening to other >small and long recognized camera brands, it wasn't rocket science to figure >out that things weren't looking great. > >The raison d'etra for any company is making money. When a division ceases >to be profitable, or is seen as a liability when compared to other more >profitable divisions, prudent investors question the management, and >prudent >management look for ways to make changes. > >I don't understand your problem with Herb in particular. He was no more >parroting the industry than a newspaper parrots it's sources when it >encloses words in quotation marks. Repeating what one hears in an attempt >to disseminate information, and interpreting it, is not a crime. Even if >one >presupposes what will happen and they're wrong, so what? Who isn't wrong >at >times? It seems like a case of shoot the messenger. > >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: Don't want to sound too alarmist but... > >Date: Mon, 21 May 2007 17:08:44 -0400 > > > >Pentax was never exactly in trouble financially, camera sales were not > >world beating but they made a reasonable return on investment. Part of > >that was due to what I see as Pentax's philosophy which is that Pentax > >is a Camera and Lens manufacture, everything else Pentax did was to make > >that possible. That's one of the problems with Herb's analysis. He > >looked at Imaging as an under preforming division, not a "Raison > >d'Etra". Based on the Pentax board's behavior I'd say I'm closer to > >right about the internal view of Pentax had of itself than Herb ever was > >about the external view. I've always been a realist about Pentax's > >position. However I have a very hard time with Financial Analysts they > >often parrot back the conventional wisdom within their own own > >community, weather it's correct or not. The majority are wrong more > >often than they are right on investments in my experience, but it seems > >you can never go wrong in finance following a herd mentality. > > > >Tom C wrote: > > > No one predicted the details of what would happen Peter. How could > >they? > > > > > > Pentax's camera division turnaround was still a drop in the bucket, >both > > > volume-wise and profit-wise compared to their competiton in the > >industry, > > > and that competition has the means to force the smaller companies to > >their > > > knees in a price/profit war. > > > > > > It was simply suggested that Pentax appeared to be in trouble > >financially, > > > and that the future was uncertain. They could exist as a small-time > >player > > > for some period of time independently, they could go away, or the > > > brand/mount could survive with the assistance of another company, > > > Sony-Minolta fashion. > > > > > > > > > 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: Don't want to sound too alarmist but... > > >> Date: Mon, 21 May 2007 14:36:24 -0400 > > >> > > >> Pentax is being forced to sell out to Hoya by the Japanese equivalent > >of > > >> a Corporate Raider brought in as a White Knight, after they began to > > >> turn their Camera Business around. That seems to be the exact >opposite > > >> of what Herb was predicting. > > >> > > >> Tom C wrote: > > >> > > >>>> On 21/05/07, Paul Stenquist <[EMAIL PROTECTED]> wrote: > > >>>> > > >>>> > > >>>>> I'm just tired of all those who spend so much time watching the >sky > > >>>>> to see if it's falling. If I were inclined to dump my Pentax gear, >I > > >>>>> would do it now. But I'm not going to. It works quite well, thank > > >>>>> you. A yawn is appropriate. > > >>>>> > > >>>>> > > >>>> Rob Studdert wrote: > > >>>> > > >>>> It's not really, this is a conversation about Pentax on a Pentax > > >>>> discussion list. Try to exercise just a little empathy, granted > > >>>> Pentax's future is not entirely clear at the moment. However >consider > > >>>> for just a moment that some others here may not be made of money >and > > >>>> may have had to save and sacrifice to buy into the Pentax system >and > > >>>> as such are simply concerned that it may not have a future. Surely > > >>>> scenarios are worth discussion. > > >>>> > > >>>> > > >>> Remember Rob. This is America, where one has the freedom to >suppress > > >>> other's freedom of speech if they don't like it. And the one who > >shouts > > >>> longest and hardest wins. > > >>> > > >>> It is a Pentax list and Pentax is being discussed. Nobody has ever > > >>> suggested dumping Pentax gear except the guys that are also saying > > >>> > > >> they're > > >> > > >>> not going to dump it. > > >>> > > >>> I wasn't ever going to say this, but I guess I will now. For all > >those > > >>> > > >> that > > >> > > >>> have been ridiculing the so-called Chicken Littles on the list who >are > > >>> supposedly claiming the sky is falling by discussing Pentax's > >financial > > >>> condition in comparison with the industry... > > >>> > > >>> Well, guess what? The sky IS falling. Two or more years ago those > > >>> > > >> taunts > > >> > > >>> were voiced when Herb (who has in depth knowledge of the camera > >industry > > >>> financials), Rob Studdert, and myself were discussing Pentax's >future. > > >>> > > >> At > > >> > > >>> that time we suggested the outlook wasn't good and if things didn't > > >>> > > >> change, > > >> > > >>> Pentax was possibly headed the same way as companies like Contax, > >Ricoh, > > >>> > > >> or > > >> > > >>> Minolta. We suggested that they good possibly either cease to exist >or > > >>> > > >> that > > >> > > >>> they may be acquired or taken over. None of us knew what was going >to > > >>> happen and none of us outright predicted what would happen. There >was > >no > > >>> prescience. > > >>> > > >>> So a scenario quite similar to what we were talking about two years > >ago > > >>> > > >> is > > >> > > >>> now taking place, has been in progress for the last 6 months or so, > >and > > >>> > > >> is > > >> > > >>> in the front page Japanese financial news. And what's happening? > > >>> > > >> There's > > >> > > >>> still folks on this list that are spouting the same "Chicken >Little", > > >>> > > >> "Sky > > >> > > >>> is falling" rhetoric as they were two years ago (hoping to sqaush > > >>> discussion) before Pentax penned a deal with Samsung, and before > >rumors > > >>> > > >> and > > >> > > >>> news of a Hoya/Pentax merger. > > >>> > > >>> I rest my case. > > >>> > > >>> 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 > > >> > > > > > > > > > > > > > > > > > >-- > >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 > > > >-- >PDML Pentax-Discuss Mail List >[email protected] >http://pdml.net/mailman/listinfo/pdml_pdml.net -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
