Sparx predicted Pentax's inability to go it alone. It seems to me that Sparx is forcing that prediction to come true. That is a self fulfilling prophecy.
Tom C wrote: > The self-fulfilling prophecy would be if Pentax management thought the > company could not survive on it's own, and they did NOT seek a partnership > with another firm. > > > Tom C. > > > >> From: "P. J. Alling" <[EMAIL PROTECTED]> >> Reply-To: Pentax-Discuss Mail List <[email protected]> >> To: Pentax-Discuss Mail List <[email protected]> >> Subject: Re: Pentax Update - Shakeup in the Works (again) >> Date: Tue, 24 Apr 2007 18:33:24 -0400 >> >> >>> Sparx had supported Urano's efforts to pursue a merger with Hoya amid >>> >> the >> >>> belief that Pentax would not be able to survive on its own. >>> >> Does anyone else see a self fulfilling prophecy here? >> >> Tom C wrote: >> >>> Excerpts... >>> >>> TOKYO (Nikkei)--Pentax Corp.'s top shareholder, Sparx Group Co., plans >>> to back the appointment of directors to the camera manufacturer's >>> board who would support Hoya Corp.'s tender offer plans >>> >>> This could bode ill for Pentax President Takashi Watanuki and others who >>> voted down a proposed merger with Hoya and are said to be against a >>> >> business >> >>> integration with the firm. Sparx aims to use its 23.98% stake in Pentax >>> >> to >> >>> nudge the company toward accepting a business integration with Hoya. >>> >>> With all eight Pentax directors facing re-election at an upcoming >>> >> general >> >>> shareholders meeting scheduled for June 22, Sparx plans to propose the >>> reappointment of former President Fumio Urano and former Executive Vice >>> President Katsuo Morio to the board. The pro-merger Urano and Morio >>> >> were >> >>> relieved of their duties as executives earlier this month. >>> >>> ... >>> >>> Sparx apparently believes that its proposed appointments will go through >>> if it can win the support of overseas shareholders who are highly >>> >> conscious >> >>> of >>> measures aimed at improving Pentax's enterprise value. >>> >>> Sparx had supported Urano's efforts to pursue a merger with Hoya amid >>> >> the >> >>> belief that Pentax would not be able to survive on its own. >>> >>> ... >>> >>> Citing an internal rift at Pentax, Sparx will call for an overhaul of >>> >> the >> >>> camera manufacturer's leadership to prevent an erosion in the company's >>> share >>> price and other enterprise values. >>> >>> >>> Tom C. >>> >>> >>> >>> >>> >> -- >> Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf >> thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. >> >> >> -- >> PDML Pentax-Discuss Mail List >> [email protected] >> http://pdml.net/mailman/listinfo/pdml_pdml.net >> > > > > -- Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
