[LRflex] Re: Olympus scandal news

  • From: Richard Ward <ilovaussiesheps@xxxxxxxxxxx>
  • To: "leicareflex@xxxxxxxxxxxxx" <leicareflex@xxxxxxxxxxxxx>
  • Date: Tue, 8 Nov 2011 07:39:57 -0500

Thanks for the Link David.

IMO this news is worse for Olympus than if this scandal had been a few execs 
skimming off a few hundred million dollars. Their explanation that "OH We're 
Not Thieves! We just were lying to shareholders for twenty years." Is gonna be 
as well received as a turd in the swimming pool.

I am now just hoping that for Photography in General that Oly's Camera division 
is enough of a stand alone division from their much larger medical business to 
be sold to a good owner to raise cash. Cuz Friends Oly Writ Large is heading 
for the woodshed for a serious whuppin and they might not be coming back from 
their whuppin.

Richard in Michigan

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On Nov 8, 2011, at 2:29 AM, David Young <dsy@xxxxxxxxxxxxxxx> wrote:

> For those, besides myself, who now use Oly gear to host their Leica glass, 
> and for those simply interested in the scandal... the latest news is here....
> 
> http://www.bbc.co.uk/news/business-15632320
> 
> It doesn't bode well for the future of Oly!
> 
> David.
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