Tom C wrote:
>It's now been a day since I read the article. It seems to me the bean
>counters are basically throwing in the towel. Due to poor management,
>market conditions, or a combination of circumstances, they'd rather
>get the cold hard cash for the assets than attempt to grow the assets.
>And the desperation to stay alive involves selling patents.
Sounds about right.
>The firm buying the Image Sensor Solutions business will likely
>continue to employ workers as they would have no expertise outside of
>that. Maybe they can make or keep that business profitable?
Here's what I heard today from my friend who works there:
"We were sold to a company called Platinum Equities on Monday. Most
people in our division are happy about getting away from Kodak. Though
being with a new company there are a lot of unknowns."
BTW, he made a typo: The company that bought them is "Platinum Equity"
("Platinum Equities" is a Canadian real estate investment company).
My opinion is that Pentax is better off buying its sensors from a
company that isn't part of Kodak.
--
Mark Roberts - Photography & Multimedia
www.robertstech.com
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