Breaking up companies is a big profit business for the major stockholders, and the folks who arrange the breaking. As someone else mentioned everyone else loses. Including you the consumer.
P. J. Alling wrote: > Sparx has been pushing Pentax's demise as an independent entity for some > time now. Of course it supported Urano's efforts it was in line with > it's wishes. I don't know Pentax's view of it's own positions. But I > can easily understand Sparx's motives. > > Tom C wrote: >> That's not what the words "Sparx had *supported Urano's efforts*" means to >> me. >> >> It's kind of silly for either of us to think we understand more about >> Pentax's financial and market position than Pentax itself or it's major >> stockholders. >> >> 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 19:29:08 -0400 >>> >>> 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 >>> >> >> >> > > -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
