Hoya founder's grandson calls Pentax acquisition a failure

MrPetkus · 05-27-2010, 08:16 AM

Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms - Bloomberg

mikemike · 05-27-2010, 08:23 AM

If you read beyond the first paragraph, the reason it was a "failure" in the eyes of this 33 yr old (which probably doesn't mean much in the japanese business world) is that it was overpriced.

Reportage · 05-27-2010, 08:31 AM

the 33 year old is walking a very thin line with the proposals he is recommending.

Good Luck.

lithos · 05-27-2010, 08:47 AM

Call me new-fashioned, but I fail to see how being descended from the founder makes you qualified.

Eh, Jamie Packer? Eh?

Zebooka · 05-27-2010, 08:52 AM

And I, son of my father, think it was an Epic Win for Pentax.
It's doom vanished and we have new approach in cameras design (K-m, K-7, K-x)

MrPetkus · 05-27-2010, 09:02 AM

He got free press because of his relations.
There are 2 ways to look at it:
1) The guy is not linked to Hoya-Pentax business-wise. He's an intellectual and political, business reformist. In support of this:
-He doesn't hold a position at Hoya
-Twitter page (translated): Google Translate
-Blogger page (translated): Google Translate

2) He's acting as a proxy for another party (unlikely)
In support of this: nothing

falconeye · 05-27-2010, 09:16 AM

Originally posted by MrPetkus

Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms - Bloomberg

Originally posted by mikemike

If you read beyond the first paragraph, the reason it was a "failure" in the eyes of this 33 yr old (which probably doesn't mean much in the japanese business world) is that it was overpriced.

Exactly!

To the OP: Why didn't you read before you posted? Please, ask Adam to rename the thread into "Hoya Founder's Grandson Calls Pentax Acquisition `Overprized'".

Thanks.

MrPetkus · 05-27-2010, 09:19 AM

Originally posted by falconeye

Exactly!

To the OP: Why didn't you read before you posted? Please, ask Adam to rename the thread into "Hoya Founder's Grandson Calls Pentax Acquisition `Overprized'".

Thanks.

Uh, I did read it Mr. Falconeye. That's what the Bloomberg article I referenced is titled.

I'm posting news in the news forum. It doesn't reflect my opinion. Or was that not obvious?

**Aristophanes** · 05-27-2010, 09:28 AM - **1 Like**

He submitted a "shareholder proposal" so is a qualified holder of stock. Likely he holds a substantial amount of stock, enough to get this type of press, or he's acting as a spokesperson with some historical gravitas for other shareholders. The latter is most likely as shareholder proposals usually have legal vetting. It's not unusual in Japan for founding families of corporations to have substantial holdings.

Strategically, it's all about the money. Overpriced could be synonymous with stupid, or "a balance sheet mistake".

What's critical for Pentaxians is what is in the proposal because it sounds like it's shaking up corporate relations a bit in how usually stoic Japanese companies usually take no guff from their shareholders.

Originally posted by MrPetkus

He got free press because of his relations.
There are 2 ways to look at it:
1) The guy is not linked to Hoya-Pentax business-wise. He's an intellectual and political, business reformist. In support of this:
-He doesn't hold a position at Hoya
-Twitter page (translated): Google Translate
-Blogger page (translated): Google Translate

2) He's acting as a proxy for another party (unlikely)
In support of this: nothing

magkelly · 05-27-2010, 09:35 AM

Someone had better explain this one to me because after reading the whole thing I don't get why he considers it a failure at all. If I am reading this article correctly Pentax made a decent profit over operating costs in a bad global recession. This is BAD?

Reportage · 05-27-2010, 09:43 AM

which person wouldnt be mad having paid more when could have paid less.

what he`s saying and intent on doing is bound to ruffle feathers not to mention outright opposition.

I believe thats why the first line had his grandfather mentioned to provide some leverage for support to his camp.

MrPetkus · 05-27-2010, 09:45 AM

You're right about him being a shareholder, likely of considerable value. No doubt money is the primary motivator. Though it is unclear if he is indeed a proxy or his proposal is a referendum on Japanese corporate policy as practiced by Hoya. He's not a fanboy of the status quo.

Originally posted by Aristophanes

He submitted a "shareholder proposal" so is a qualified holder of stock. Likely he holds a substantial amount of stock, enough to get this type of press, or he's acting as a spokesperson with some historical gravitas for other shareholders. The latter is most likely as shareholder proposals usually have legal vetting. It's not unusual in Japan for founding families of corporations to have substantial holdings.

Strategically, it's all about the money. Overpriced could be synonymous with stupid, or "a balance sheet mistake".

What's critical for Pentaxians is what is in the proposal because it sounds like it's shaking up corporate relations a bit in how usually stoic Japanese companies usually take no guff from their shareholders.

Samsungian · 05-27-2010, 09:47 AM

Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms

Bloombergs article is titled:

Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms

MrPetkus · 05-27-2010, 09:54 AM

You can read!
This may be the last time I post a news piece if members are going to act infantile.

Originally posted by Samsungian

Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms

Bloombergs article is titled:

Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms

reeftool · 05-27-2010, 10:02 AM

Pentax seems to be doing very well with its new line of cameras. Lenses are also selling. This seems to be another complaint about differing business philosophys. Make a short term killing and quick bucks for the shareholders or long term steady profits from a respected brand name which has been expanding its market share with well received new models in spite of a worldwide recession.

05-27-2010, 08:16 AM	#1
MrPetkus Veteran Member Join Date: Feb 2010 Location: Long Island, NY Posts: 387	Hoya founder's grandson calls Pentax acquisition a failure Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms - Bloomberg

05-27-2010, 09:02 AM	#6
MrPetkus Veteran Member Join Date: Feb 2010 Location: Long Island, NY Posts: 387 Original Poster	He got free press because of his relations. There are 2 ways to look at it: 1) The guy is not linked to Hoya-Pentax business-wise. He's an intellectual and political, business reformist. In support of this: -He doesn't hold a position at Hoya -Twitter page (translated): Google Translate -Blogger page (translated): Google Translate 2) He's acting as a proxy for another party (unlikely) In support of this: nothing Last edited by MrPetkus; 05-27-2010 at 09:10 AM.

05-27-2010, 09:47 AM	#13
Samsungian Veteran Member Join Date: Jul 2008 Location: Colorado USA Posts: 1,337	Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms Bloombergs article is titled: Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Your latest acquisition	Perrumpo	General Talk	27219	21 Hours Ago 09:12 AM
HOYA CEO admits not keeping Pentax camera division in the HOYA group?	yakiniku	Pentax News and Rumors	61	10-18-2009 02:15 PM
DA 55-300mm F4-F5.8 - New acquisition!	legacyb4	Pentax SLR Lens Discussion	35	09-27-2009 03:13 PM
"Pentax plan calls for higher-grade SLR"	rparmar	Pentax News and Rumors	41	02-25-2008 06:58 AM
Lens Acquisition	KFrog	Pentax SLR Lens Discussion	11	01-23-2007 08:18 PM

05-27-2010, 08:23 AM	#2
mikemike Inactive Account Join Date: Apr 2010 Location: New Orleans Photos: Gallery Posts: 3,053	If you read beyond the first paragraph, the reason it was a "failure" in the eyes of this 33 yr old (which probably doesn't mean much in the japanese business world) is that it was overpriced.

05-27-2010, 08:31 AM	#3
Reportage Veteran Member Join Date: Feb 2009 Photos: Gallery Posts: 739	the 33 year old is walking a very thin line with the proposals he is recommending. Good Luck.

05-27-2010, 08:47 AM	#4
lithos Inactive Account Join Date: Oct 2007 Location: Brisbane, QLD, AUS Posts: 3,261	Call me new-fashioned, but I fail to see how being descended from the founder makes you qualified. Eh, Jamie Packer? Eh?

05-27-2010, 08:52 AM	#5
Zebooka Veteran Member Join Date: May 2008 Location: Russia, Siberia, Novosibirsk Posts: 323	And I, son of my father, think it was an Epic Win for Pentax. It's doom vanished and we have new approach in cameras design (K-m, K-7, K-x)

05-27-2010, 09:16 AM	#7
falconeye Veteran Member Join Date: Jan 2008 Location: Munich, Alps, Germany Photos: Gallery Posts: 6,871	Originally posted by MrPetkus Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms - Bloomberg Originally posted by mikemike If you read beyond the first paragraph, the reason it was a "failure" in the eyes of this 33 yr old (which probably doesn't mean much in the japanese business world) is that it was overpriced. Exactly! To the OP: Why didn't you read before you posted? Please, ask Adam to rename the thread into "Hoya Founder's Grandson Calls Pentax Acquisition `Overprized'". Thanks.

05-27-2010, 09:19 AM	#8
MrPetkus Veteran Member Join Date: Feb 2010 Location: Long Island, NY Posts: 387 Original Poster	Originally posted by falconeye Exactly! To the OP: Why didn't you read before you posted? Please, ask Adam to rename the thread into "Hoya Founder's Grandson Calls Pentax Acquisition `Overprized'". Thanks. Uh, I did read it Mr. Falconeye. That's what the Bloomberg article I referenced is titled. I'm posting news in the news forum. It doesn't reflect my opinion. Or was that not obvious?

05-27-2010, 09:28 AM - 1 Like	#9
Aristophanes Site Supporter Join Date: Jul 2008 Location: Rankin Inlet, Nunavut Photos: Albums Posts: 3,948	He submitted a "shareholder proposal" so is a qualified holder of stock. Likely he holds a substantial amount of stock, enough to get this type of press, or he's acting as a spokesperson with some historical gravitas for other shareholders. The latter is most likely as shareholder proposals usually have legal vetting. It's not unusual in Japan for founding families of corporations to have substantial holdings. Strategically, it's all about the money. Overpriced could be synonymous with stupid, or "a balance sheet mistake". What's critical for Pentaxians is what is in the proposal because it sounds like it's shaking up corporate relations a bit in how usually stoic Japanese companies usually take no guff from their shareholders. Originally posted by MrPetkus He got free press because of his relations. There are 2 ways to look at it: 1) The guy is not linked to Hoya-Pentax business-wise. He's an intellectual and political, business reformist. In support of this: -He doesn't hold a position at Hoya -Twitter page (translated): Google Translate -Blogger page (translated): Google Translate 2) He's acting as a proxy for another party (unlikely) In support of this: nothing

05-27-2010, 09:35 AM	#10
magkelly Veteran Member Join Date: May 2010 Photos: Gallery Posts: 5,901	Someone had better explain this one to me because after reading the whole thing I don't get why he considers it a failure at all. If I am reading this article correctly Pentax made a decent profit over operating costs in a bad global recession. This is BAD?

05-27-2010, 09:43 AM	#11
Reportage Veteran Member Join Date: Feb 2009 Photos: Gallery Posts: 739	which person wouldnt be mad having paid more when could have paid less. what he`s saying and intent on doing is bound to ruffle feathers not to mention outright opposition. I believe thats why the first line had his grandfather mentioned to provide some leverage for support to his camp.

05-27-2010, 09:45 AM	#12
MrPetkus Veteran Member Join Date: Feb 2010 Location: Long Island, NY Posts: 387 Original Poster	You're right about him being a shareholder, likely of considerable value. No doubt money is the primary motivator. Though it is unclear if he is indeed a proxy or his proposal is a referendum on Japanese corporate policy as practiced by Hoya. He's not a fanboy of the status quo. Originally posted by Aristophanes He submitted a "shareholder proposal" so is a qualified holder of stock. Likely he holds a substantial amount of stock, enough to get this type of press, or he's acting as a spokesperson with some historical gravitas for other shareholders. The latter is most likely as shareholder proposals usually have legal vetting. It's not unusual in Japan for founding families of corporations to have substantial holdings. Strategically, it's all about the money. Overpriced could be synonymous with stupid, or "a balance sheet mistake". What's critical for Pentaxians is what is in the proposal because it sounds like it's shaking up corporate relations a bit in how usually stoic Japanese companies usually take no guff from their shareholders.

05-27-2010, 09:54 AM	#14
MrPetkus Veteran Member Join Date: Feb 2010 Location: Long Island, NY Posts: 387 Original Poster	You can read! This may be the last time I post a news piece if members are going to act infantile. Originally posted by Samsungian Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms Bloombergs article is titled: Hoya Founder's Grandson Calls Pentax Acquisition `Failure,' Seeks Reforms

05-27-2010, 10:02 AM	#15
reeftool Pentaxian Join Date: Dec 2007 Location: Upstate New York Photos: Gallery \| Albums Posts: 9,554	Pentax seems to be doing very well with its new line of cameras. Lenses are also selling. This seems to be another complaint about differing business philosophys. Make a short term killing and quick bucks for the shareholders or long term steady profits from a respected brand name which has been expanding its market share with well received new models in spite of a worldwide recession.