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Quoted from Ned Bunnell's blog:
"Pentax Letter to Customers
With the announcement that, effective March 31, 2008, PENTAX will become a wholly-owned division of the HOYA Corporation, we felt it was important to communicate what we see as the benefits of this merger to our customers.
Also, I would like to clarify one statement from the "Public Notice of Execution of Merger Agreement". In this notice, it mentions that "PENTAX will be dissolved on March 31, 2008 in conjunction with the Merger". This does not mean that the PENTAX brand, its products, or business will cease to exist. In simple terms, this statement refers to the fact that effective with this merger the fiscal entity, PENTAX Corporation and its shares will no longer exist or be traded on the Japanese stock market.
In fact, becoming a division of HOYA will create flatter corporate structures and enable new business areas to grow, ensuring agility and speed in management decision making and ensuring appropriate allocation of resources. From my view as the new President of Pentax Imaging USA, this is good news for our future and yours as a PENTAX photographer."
It would seem that he remains positive about the fate of the photography division....
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