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PostPosted: Tue Nov 08, 2011 11:47 am    Post subject: Olympus Reply with quote
Camera business isn't that easy .. Rolling Eyes

http://www.bbc.co.uk/news/business-15632320


PostPosted: Tue Nov 08, 2011 12:29 pm    Post subject: Reply with quote
oh my, speculators destroying one of the few, still operating traditional top camera makers
let's hope Olympus will survive this!


PostPosted: Tue Nov 08, 2011 2:07 pm    Post subject: Reply with quote
well in these days there isn´t any easy business..

It would be pity if this great company stopped operating, but to be honest, there are some examples of great manufacturers which were forced to stop operating because of bad succes in business - f.e. Konica Minolta or Contax


PostPosted: Tue Nov 08, 2011 3:29 pm    Post subject: Reply with quote
The covered up was done over a 20 year period, since 1990s. This means all the Financial reports within the last 20 years were false.


PostPosted: Tue Nov 08, 2011 7:53 pm    Post subject: Reply with quote
my_photography wrote:
The covered up was done over a 20 year period, since 1990s. This means all the Financial reports within the last 20 years were false.

Like at most big companies , just we don't know it yet..


PostPosted: Tue Nov 08, 2011 8:43 pm    Post subject: Reply with quote
I guess Olympus won't survive this. Shareholders do not like this type of news, and it shows in the stock market... They will be history soon, thanks to the greedy elite.


PostPosted: Tue Nov 08, 2011 9:17 pm    Post subject: Reply with quote
A shame really. What wonderful optics + camera they have given to the world and now that.
How must their employees feel, who have dedicated some many years of their live to Olympus!
Really sad story...


PostPosted: Tue Nov 08, 2011 9:36 pm    Post subject: Reply with quote
I am really hoping that this will not mean the end for Olympus.
This will probably mean no more E series DSLR, which is sad, I very much like my E-600 (if there was every any hope for that after the E-5).
Lets hope at least the PEN line stays... I prefer in body stabilization for manual lenses.


PostPosted: Tue Nov 08, 2011 9:39 pm    Post subject: Reply with quote
If they owe big money to the banks, they will survive.
Banks kill poor people with little debts, they never kill companies with huge debts
because having them work is the only way they can recover their money.


PostPosted: Fri Nov 11, 2011 9:58 pm    Post subject: Reply with quote
Some news revealing more details: http://www.theage.com.au/business/olympus-scandal-rocks-corporate-japan-20111111-1nbt5.html


PostPosted: Tue Nov 15, 2011 6:24 am    Post subject: Reply with quote
Important News: http://www.olympusgrassroots.com/en/letter.html


PostPosted: Tue Nov 15, 2011 7:38 am    Post subject: Reply with quote
How is this case compared with Enron?

I mean similarities, differences?


PostPosted: Wed Jun 06, 2012 12:21 pm    Post subject: Reply with quote
Possibly some good news for Olympus?

Looks like Panasonic is investing 600 million, hopefully good news for the Olympus camera division.

http://ca.reuters.com/article/technologyNews/idCABRE85500020120606


PostPosted: Wed Jun 06, 2012 2:02 pm    Post subject: Reply with quote
Gulps? Cool


PostPosted: Thu Jun 07, 2012 4:47 pm    Post subject: Reply with quote
Fujifilm: awaiting Olympus reply on possible alliance | Reuters
Quote:
(Reuters) - Fujifilm Holdings Corp (4901.T) reiterated on Thursday that it regards itself as the best partner for Olympus Corp (7733.T), which is looking to shore up its finances after an accounting scandal, and said it is still waiting to hear back from the endoscope maker about a possible capital and business tie-up.

"We suggested to Olympus in January that we want to support it technologically ... We are currently waiting for a response," Shigehiro Nakajima, who was named on Thursday as the next president of Fujifilm, told a news conference.

"We believe that we are the best partner ... Now it is a matter of what they think," Nakajima told reporters later.

Shareholders' equity in Olympus was 4.6 percent of its total assets at the end of March, far below the 20 percent level widely regarded as indicative of financial stability for a company, spurring speculation the medical equipment maker will seek a capital injection in return for stock.

Meanwhile, Panasonic Corp's (6752.T) President Fumio Ohtsubo told Reuters earlier on Thursday that it has no plan to invest in Olympus, contradicting a media report it is making arrangements to invest in the maker of cameras and endoscopes.


Note: Olympus "the endoscope maker" Smile

http://www.ft.com/intl/cms/s/0/e522b270-b096-11e1-8b36-00144feabdc0.html#axzz1x2bzW3nS

Quote:



Panasonic, Sony and other suitors – Fujifilm has acknowledged having made a bid – may be seeking access to Olympus’s endoscope technology as well as its established sales network among hospitals and national health services, analysts say. In February, Sony appointed Hiroshi Yoshioka, an experienced senior executive from its consumer electronics division, to run its small medical devices business – a move seen as confirming its intention to expand.

The appeal of the medical niche is clear: at a time when Japanese companies are being squeezed out of many consumer electronics segments by cheaper Asian competitors, Olympus’s endoscope business is generating profit margins of 20 per cent. Panasonic and Sony, which are stuck in price-war battlegrounds such as LCD televisions, lost Y772bn and Y457bn respectively last year.




PostPosted: Sun Jun 17, 2012 6:04 pm    Post subject: Reply with quote
Attila wrote:
my_photography wrote:
The covered up was done over a 20 year period, since 1990s. This means all the Financial reports within the last 20 years were false.

Like at most big companies , just we don't know it yet..

+1


PostPosted: Sun Sep 16, 2012 3:32 am    Post subject: Reply with quote
According to NHK, Sony is pumping in 50 billion yen (about US$637.7 Million) into Olympus for exchange of share. Full news at http://www3.nhk.or.jp/news/html/20120914/k10015032201000.html. Hopefully something positive comes out from this.


PostPosted: Fri Sep 28, 2012 11:36 am    Post subject: Reply with quote
my_photography wrote:
According to NHK, Sony is pumping in 50 billion yen (about US$637.7 Million) into Olympus for exchange of share. Full news at http://www3.nhk.or.jp/news/html/20120914/k10015032201000.html. Hopefully something positive comes out from this.


Saw this today -

Quote:
http://www.engadget.com/2012/09/28/sony-olympus-rescue/

After months of speculation about who would step in to save the scandal-ridden Olympus' rocky fortunes, Sony has finally opened up its checkbook. The two companies are entering into a "business and capital alliance," with Sony pumping in $650 million to its former rival. In exchange, it's gaining a seat on the company's board and a 51 percent stake in a new joint venture based on Olympus's coveted medical imaging tech -- something Kaz Hirai outlined in his "One Sony" strategy. The deal also includes a component-sharing agreement in the photography space, with Olympus mirror cells and camera lenses being given to Sony, while image sensors (where Sony is very strong) will go the other way.



If these guys can avoid NIH politics and pragmatically take advantage of each other's strengths and expertise, they could build some great kit Very Happy


PostPosted: Fri Sep 28, 2012 12:30 pm    Post subject: Reply with quote
Cool, just hope it isn't M4/3 they work on.


PostPosted: Fri Sep 28, 2012 12:54 pm    Post subject: Reply with quote
How about a Micro Medium Format 4/3 - or MMF 4/3 for short - where the sensor is approximately the size of a full frame 135? Laughing
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