[LRflex] Re: OT: Yikes!Still more on the Olympus Scandal.
- From: Richard Ward <ilovaussiesheps@xxxxxxxxxxx>
- To: "leicareflex@xxxxxxxxxxxxx" <leicareflex@xxxxxxxxxxxxx>
- Date: Thu, 15 Dec 2011 12:30:20 -0500
Hi David,
thank you for the nice summary update of latest development of everybodies
favorite soap opera: As The Oly Turns. :-D
There does seem to be an inherent obstacle for Dr. kauffman (nee Blackstone)
buying/saving Olympus from it's cash crunch: Leica's tie-ins with Pannasonic.
Panny slaps a leica name on the lens of nearly every p&s it sells and relies on
the Leica name for the premium 4/3 lenses in it's stable. I wonder how
receptive Panny would be to Leica buying a) a competitive p&s maker and b) it's
major 4/3 competitor, too. I'd suspect there is some contractual language
floating around in Panny's agreements with Leica which might be stumbling
blocks for a Leica-Oly match up.
Personally I find the prospect of an Olympus-Leica partnership pretty exciting.
It certainly seems to be an exciting time in the world of Camera Makers
Richard
_____________________________________
My Sarcasm Fu Is Strong,
Proceed With Caution. :-)
_____________________________________
On Dec 15, 2011, at 11:54 AM, David Young <dsy@xxxxxxxxxxxxxxx> wrote:
> For those following the Oly scandal... today's developments....
>
>
> 1) [Olympus] filed five years' worth of reports on Wednesday, just three
> hours before a deadline set
> by the Tokyo [stock] exchange. However, Olympus's stock fell 20.8% on
> Thursday as investors worried
> that the company may be running short of cash.
>
> 2) The firm's embattled president also said he would consider re-hiring
> former [CEO] Michael
> Woodford.
>
> 3) Olympus this week revealed a cash crunch that has left the company with a
> capital adequacy ratio
> of 4.5%, versus the 30% or so that is more common for the industry. "Capital
> adequacy ratio is a big
> problem, and we are considering how we can overcome it," he said in a press
> conference on Thursday.
>
> "We are considering various options, including a capital tie-ups and
> operational or sales tie-ups,"
> he added.
>
> 4) Issuing shares to a "strategic" buyer is one option to increase capital,
> Mr. Takayama said at a
> Thursday news conference here. Olympus would favor buyers with whom it could
> tie up in sales or
> operations, he said, stressing that nothing is decided.
>
> Does this imply there is an opening for Leica's Hr. Kaufmann and his
> "Blackstone millions"?????
>
> If yes, I suspect if might be the salvation of both firms. Oly would get
> money and access to some
> superb engineers & optical designers. Leica would get access to Oly's low
> cost, China manufacturing
> base.
>
> For more, simply Google "Oly Scandal". There's lots!
>
> Cheers!
> David./
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