Is Olympus now "dead" ... ?! If so, who will buy it out ... Pentax/Rioch, maybe?!

Jean Poitiers · 11-10-2011, 02:13 PM

Bonjour,

The "Olympus scandal" is now red hot ...

Who will buy it out if it goes to a "worst case" scenario ... any ideas or info?

BBC News - Olympus warned of possible share delisting

BBC News - Olympus saga to have far-reaching consequences in Japan

Another opportunity for Pentax/Ricoh ... or if you prefer, just Ricoh?

Salut, J

Last edited by Jean Poitiers; 11-11-2011 at 12:11 PM.

Wheatfield · 11-10-2011, 02:25 PM

Hoya for the medical instruments, and hopefully Ricoh for the camera division (it would finally shut up the Pentax will die without a 4/3 camera doomsayers)

RonHendriks1966 · 11-10-2011, 02:42 PM

Originally posted by Wheatfield

Hoya for the medical instruments, and hopefully Ricoh for the camera division (it would finally shut up the Pentax will die without a 4/3 camera doomsayers)

Not totally impossible, but with Q, m4/3th, K and 645 there is a lot of productlines. So I don't think so, but maybe some interesting engeneers to attract. Or some patents about shake reduction or AF.

Bob from Aus · 11-10-2011, 03:07 PM

I have had some great Olympus film cameras and glass in the past. When I went digital I was tossing between pentax and Olympus. It always looked that pentax was on more of a shaky ground. I think Olympus SLRs were already vulnerable and they could now be as good as dead. Who would buy an Olympus SLR system? happy I went pentax

jackseh · 11-10-2011, 03:18 PM

I'm just glad Pentax does not have to go thru the same ordeal.
Pentax management have certainly handled tough times with class and integrity that we all can be proud of.

RioRico · 11-10-2011, 03:18 PM

Yeah, we may see the imminent breakup of Olympus and Kodak. Who's next? And who picks up the pieces? I don't think Pentax-Ricoh needs nor wants the m4/3 line, not with more GXR mountors forthcoming. And Hoya already took the Pentax proctoscope line, so expect some other (larger) player to grab the butt-cam business -- Samsung? Some big pharma firm? Apple? (Yes, that would be funny ha ha.) I'd like to see Ricoh devour Kodak. I expect to see Panasonic devour much of Olympus. Or maybe Amazon will buy them all. Hay, Carlos Slim could snap them up with pocket change, just to play with. Weirder things have happened.

glanglois · 11-10-2011, 04:41 PM

I've been looking for the right informal phrase or word to describe the medical gear that gets inserted .... there. "Butt-cam" is perfect.

Thanks!

philbaum · 11-10-2011, 07:24 PM

Who knows - Panasonic might want to buy out Olympus to remove another player from the 4/3 market. Or perhaps Nikon wants to buy a factory thats not underwater, so Olympus gets parted out. If i was pentax/Ricoh, i'd go hunting for some of their camera design staff, particularly the ones that work on AF and flash - why reinvent the wheel

**Rorschach** · 11-10-2011, 11:42 PM

Olympus also has a strong microscopy side. I wonder who is going to snatch that up, Nikon maybe?

**Schraubstock** · 11-11-2011, 04:31 AM

Originally posted by glanglois

I've been looking for the right informal phrase or word to describe the medical gear that gets inserted .... there. "Butt-cam" is perfect. Thanks!

Oh no, "Auspuff Cam" is better!

When I was in Germany some years ago I'd fallen in love with a few German words which sounded hilariousto my ears, amongst them was:

Auspuff (pronounced ouspoofff) Auspuff is the end of a cars exhaust - hence the Auspuff Cam.
Ausfahrt (pronounced ousfart) Ausfahrts are the exits off the German Autobahns
Schraubstock (pronounced shroubstok) Schraubstock is a bench vice or in American English, (said to be similar to English english

), bench vise

Greetings

zoneV · 11-11-2011, 05:56 AM

Originally posted by glanglois

I've been looking for the right informal phrase or word to describe the medical gear that gets inserted .... there. "Butt-cam" is perfect.

Thanks!

If Apple would expand into medical imaging: the new sleek iPEEK. Available in gold, silver, pink and camo with simultaneous iTUNES entertainment and auto-post to Facebook. "Down with BM - Stink for yourself"

scatron · 11-11-2011, 10:53 AM

Originally posted by zoneV

If Apple would expand into medical imaging: the new sleek iPEEK. Available in gold, silver, pink and camo with simultaneous iTUNES entertainment and auto-post to Facebook. "Down with BM - Stink for yourself"

That would be "Stink Different", wouldn't it?

**eddie1960** · 11-11-2011, 11:45 AM

Just reading Bloomberg and there is room for more of this from Japan. KPMG Audits for the U.S. Public Company Accounting Oversight Board showed 2 of 2 companies audited had irregularities

Quote:

"The deficiencies identified in both of the audits reviewed included deficiencies of such significance that it appeared to the inspection team that the firm did not obtain sufficient competent evidential matter to support its opinion on the issuer's financial statements," the June 2010 report said, without naming the companies. Shortcomings included failing to test revenue properly at both companies. KPMG in a response letter said neither company had to restate its financial reports.

This much is certain: Olympus wasn't one of the two companies. The maker of cameras and endoscopes isn't registered with the Securities and Exchange Commission, although its shares and depository receipts do trade over the counter in the U.S.

some big players on KPMG'S audit list in japan including Ricoh and Panasonic

Quote:

For what it's worth, here are the U.S.-registered companies audited by KPMG AZSA, according to the firm's 2011 annual report with the board: Orix Corp., MS&AD Insurance Group Holdings Inc., Sumitomo Mitsui Financial Group Inc., Ricoh Co., Komatsu Ltd., Makita Corp., Honda Motor Co., Konami Corp., Nippon Telegraph and Telephone Corp., NTT Docomo Inc. and Panasonic Corp.

the whole article is

What Olympus-Like Audit Timebombs Lurk in Japan?: The Ticker - Bloomberg

sjwaldron · 11-11-2011, 12:23 PM

I can't really see any benefit to Ricoh in buying yet another camera company. It would just be extra (tainted) bulk and then they would probably cut some of each work force. I think Pentax alone is more than sufficient.

**eddie1960** · 11-11-2011, 01:05 PM

Ricoh is better off pursuing a Sensor company than Olympus
Oly will probably end up with Panasonic they are the logical purchaser. if Oly disappears there is only 1 player in m43 if they keep them open they are just running a dual brand strategy and capturing more market while rationalizing some costs

11-10-2011, 02:13 PM	#1
Jean Poitiers Pentaxian Join Date: Apr 2011 Location: Lost in translation ... Photos: Gallery \| Albums Posts: 18,033	Is Olympus now "dead" ... ?! If so, who will buy it out ... Pentax/Ricoh, maybe?! *Bonjour, The "Olympus scandal" is now red hot ... Who will buy it out if it goes to a "worst case" scenario ... any ideas or info? BBC News - Olympus warned of possible share delisting BBC News - Olympus saga to have far-reaching consequences in Japan Another opportunity for Pentax/Ricoh ... or if you prefer, just Ricoh? Salut, J* Last edited by Jean Poitiers; 11-11-2011 at 12:11 PM.

11-11-2011, 05:56 AM	#11
zoneV Junior Member Join Date: Mar 2009 Location: Bend, Oregon, USA Posts: 26	"Butt-cam" or ? Originally posted by glanglois I've been looking for the right informal phrase or word to describe the medical gear that gets inserted .... there. "Butt-cam" is perfect. Thanks! If Apple would expand into medical imaging: the new sleek iPEEK. Available in gold, silver, pink and camo with simultaneous iTUNES entertainment and auto-post to Facebook. "Down with BM - Stink for yourself"

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11-10-2011, 02:25 PM	#2
Wheatfield Pentaxian Join Date: Apr 2008 Location: The wheatfields of Canada Posts: 13,801	Hoya for the medical instruments, and hopefully Ricoh for the camera division (it would finally shut up the Pentax will die without a 4/3 camera doomsayers)

11-10-2011, 02:42 PM	#3
RonHendriks1966 Banned Join Date: Jan 2009 Photos: Gallery Posts: 9,674	Originally posted by Wheatfield Hoya for the medical instruments, and hopefully Ricoh for the camera division (it would finally shut up the Pentax will die without a 4/3 camera doomsayers) Not totally impossible, but with Q, m4/3th, K and 645 there is a lot of productlines. So I don't think so, but maybe some interesting engeneers to attract. Or some patents about shake reduction or AF.

11-10-2011, 03:07 PM	#4
Bob from Aus Veteran Member Join Date: Jul 2011 Location: Australia Photos: Gallery Posts: 1,094	I have had some great Olympus film cameras and glass in the past. When I went digital I was tossing between pentax and Olympus. It always looked that pentax was on more of a shaky ground. I think Olympus SLRs were already vulnerable and they could now be as good as dead. Who would buy an Olympus SLR system? happy I went pentax

11-10-2011, 03:18 PM	#5
jackseh Senior Member Join Date: Feb 2011 Posts: 118	I'm just glad Pentax does not have to go thru the same ordeal. Pentax management have certainly handled tough times with class and integrity that we all can be proud of.

11-10-2011, 03:18 PM	#6
RioRico Veteran Member Join Date: Jun 2008 Location: Limbo, California Posts: 11,264	Yeah, we may see the imminent breakup of Olympus and Kodak. Who's next? And who picks up the pieces? I don't think Pentax-Ricoh needs nor wants the m4/3 line, not with more GXR mountors forthcoming. And Hoya already took the Pentax proctoscope line, so expect some other (larger) player to grab the butt-cam business -- Samsung? Some big pharma firm? Apple? (Yes, that would be funny ha ha.) I'd like to see Ricoh devour Kodak. I expect to see Panasonic devour much of Olympus. Or maybe Amazon will buy them all. Hay, Carlos Slim could snap them up with pocket change, just to play with. Weirder things have happened.

11-10-2011, 04:41 PM	#7
glanglois Veteran Member Join Date: Aug 2007 Location: Madison, Wis., USA Posts: 1,506	I've been looking for the right informal phrase or word to describe the medical gear that gets inserted .... there. "Butt-cam" is perfect. Thanks!

11-10-2011, 07:24 PM	#8
philbaum Veteran Member Join Date: Oct 2007 Location: Port Townsend, Washington State, USA Posts: 3,659	Who knows - Panasonic might want to buy out Olympus to remove another player from the 4/3 market. Or perhaps Nikon wants to buy a factory thats not underwater, so Olympus gets parted out. If i was pentax/Ricoh, i'd go hunting for some of their camera design staff, particularly the ones that work on AF and flash - why reinvent the wheel

11-10-2011, 11:42 PM	#9
Rorschach Site Supporter Join Date: Nov 2007 Location: Kuusamo, Finland Photos: Gallery Posts: 652	Olympus also has a strong microscopy side. I wonder who is going to snatch that up, Nikon maybe?

11-11-2011, 04:31 AM	#10
Schraubstock Site Supporter Join Date: Oct 2010 Location: Melbourne Photos: Gallery Posts: 3,386	Originally posted by glanglois I've been looking for the right informal phrase or word to describe the medical gear that gets inserted .... there. "Butt-cam" is perfect. Thanks! Oh no, "Auspuff Cam" is better! When I was in Germany some years ago I'd fallen in love with a few German words which sounded hilariousto my ears, amongst them was: Auspuff (pronounced ouspoofff) Auspuff is the end of a cars exhaust - hence the Auspuff Cam. Ausfahrt (pronounced ousfart) Ausfahrts are the exits off the German Autobahns Schraubstock (pronounced shroubstok) Schraubstock is a bench vice or in American English, (said to be similar to English english ), bench vise Greetings

11-11-2011, 10:53 AM	#12
scatron Veteran Member Join Date: Jun 2008 Location: Sandy, Utah Photos: Gallery \| Albums Posts: 300	Originally posted by zoneV If Apple would expand into medical imaging: the new sleek iPEEK. Available in gold, silver, pink and camo with simultaneous iTUNES entertainment and auto-post to Facebook. "Down with BM - Stink for yourself" That would be "Stink Different", wouldn't it?

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11-11-2011, 11:45 AM	#13
eddie1960 Loyal Site Supporter Join Date: Aug 2010 Location: Toronto Photos: Gallery \| Albums Posts: 13,585	Just reading Bloomberg and there is room for more of this from Japan. KPMG Audits for the U.S. Public Company Accounting Oversight Board showed 2 of 2 companies audited had irregularities Quote: "The deficiencies identified in both of the audits reviewed included deficiencies of such significance that it appeared to the inspection team that the firm did not obtain sufficient competent evidential matter to support its opinion on the issuer's financial statements," the June 2010 report said, without naming the companies. Shortcomings included failing to test revenue properly at both companies. KPMG in a response letter said neither company had to restate its financial reports. This much is certain: Olympus wasn't one of the two companies. The maker of cameras and endoscopes isn't registered with the Securities and Exchange Commission, although its shares and depository receipts do trade over the counter in the U.S. some big players on KPMG'S audit list in japan including Ricoh and Panasonic Quote: For what it's worth, here are the U.S.-registered companies audited by KPMG AZSA, according to the firm's 2011 annual report with the board: Orix Corp., MS&AD Insurance Group Holdings Inc., Sumitomo Mitsui Financial Group Inc., Ricoh Co., Komatsu Ltd., Makita Corp., Honda Motor Co., Konami Corp., Nippon Telegraph and Telephone Corp., NTT Docomo Inc. and Panasonic Corp. the whole article is What Olympus-Like Audit Timebombs Lurk in Japan?: The Ticker - Bloomberg

11-11-2011, 12:23 PM	#14
sjwaldron Veteran Member Join Date: Aug 2009 Photos: Gallery Posts: 1,235	I can't really see any benefit to Ricoh in buying yet another camera company. It would just be extra (tainted) bulk and then they would probably cut some of each work force. I think Pentax alone is more than sufficient.

11-11-2011, 01:05 PM	#15
eddie1960 Loyal Site Supporter Join Date: Aug 2010 Location: Toronto Photos: Gallery \| Albums Posts: 13,585	Ricoh is better off pursuing a Sensor company than Olympus Oly will probably end up with Panasonic they are the logical purchaser. if Oly disappears there is only 1 player in m43 if they keep them open they are just running a dual brand strategy and capturing more market while rationalizing some costs