Between translation, and differing business methods, (and Romans penchant for posting old news), I don't think we have any idea of what the hell is really happening.
graywolf wrote: > Wholly owned must mean something different over there. Here you need 100% of > the shares. Controlling interest which is what they seem to be talking about > is somewhat different. > > graywolf > http://www.graywolfphoto.com > http://webpages.charter.net/graywolf > "Idiot Proof" <==> "Expert Proof" > ----------------------------------- > > > Roman wrote: > >> Hoya outlines Pentax camera plans >> >> /Chris Cheesman/ >> Pentax camera plans >> Hoya has hinted at plans to cut digital camera production costs as part >> of restructuring needed after completion of its bid for Pentax - a >> process which formally begins today, July 3rd. >> >> In a statement spelling out the challenges it faces Hoya said: >> 'Significant structural changes have occurred in optical equipment and >> related materials since the emergence of digital cameras. Competitors in >> Asia have grown rapidly and are expected to continue gaining market >> share through low price campaigns and increasing the added value of >> their products.' >> >> The statement added: 'Along with existing optical manufacturers, home >> appliance makers have also entered the digital camera market, further >> intensifying competition in this area. In order to maintain growth in >> this environment, it is necessary to distinguish from competitors by >> reinforcing cost competitiveness by lowering production costs and by >> increasing added value focusing on technologies.' >> >> Hoya admits that a 'qualitative transformation' of its business >> structure would be necessary to achieve this. >> >> The statement, dated 2 July, continued: 'In optical equipment and >> related materials we believe that, if the Target's [Pentax's] optical >> design and processing technologies and the Tender Offerer's [Hoya's] >> optical material development and precision processing technologies and >> mass production capability of optical lenses are vertically integrated, >> we could become the only optical manufacturer in the global market >> having [sic] the ability of creating new optical module system products.' >> >> Hoya is today expected to start its tender offer for more than 50% of >> Pentax shares in a deal worth up to 105 billion yen which will make >> Pentax a wholly-owned subsidiary. >> >> >> Tuesday 3rd July 2007 >> >> >> > > -- 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
