Update: JVC to not purchase Pentax...

Urkeldaedalus · 11-28-2009, 08:24 AM

I'd say the most interesting part of this story is that the JVC officials say they reconsidered the idea, rather than the rumor having no merit in the first place.

JVC Kenwood Abandons Plans to Sell Music Unit, Buy Pentax Brand - Bloomberg.com

MikePerham · 11-28-2009, 10:00 AM

Originally posted by Urkeldaedalus

I'd say the most interesting part of this story is that the JVC officials say they reconsidered the idea, rather than the rumor having no merit in the first place.

JVC Kenwood Abandons Plans to Sell Music Unit, Buy Pentax Brand - Bloomberg.com

Well, the interesting thing is seems there was some discussion that Hoya might sell the Pentax camera division as opposed to just forming an alliance as was generally believed. I think it would be in Pentax's best interest to have some relationship with an electronic company such as JVC or Hitachi and no doubt there is a continuing effort of some sort by Hoya in that regard ...time will tell.

Kunzite · 11-28-2009, 11:21 AM

Probably they found out it's not for sale

thibs · 11-28-2009, 11:31 AM

This is all and good but again, this is an article, not a press release.
Some points of it are probably only authors opinion and not 'officially announced things' (note I didn't use the word 'facts' on purpose).

MikePerham · 11-28-2009, 01:44 PM

Originally posted by Kunzite

Probably they found out it's not for sale

I have no doubt that if the right offer were made, Hoya would sell Pentax Camera Division.

**monochrome** · 11-28-2009, 01:52 PM

Originally posted by MikePerham

I have no doubt that if the right offer were made, Hoya would sell Pentax Camera Division.

Agreed. I doubt JVC has the cash to purchase Pentax Camera Division from Hoya, nor can they borrow the money under their current cash flow circumstances.

When Hoya says Pentax needs a partner, Hoya might mean they'd consider a joint venture with a sensor design/fab co such as Hitachi, under the right circumstances. JVC's financial circumstances likely made that option unattractive, as well.

Now if Hitachi were talking, that would be a different story.

LeDave · 11-28-2009, 03:04 PM

Thank goodness, that's a relief.

jeffkrol · 11-28-2009, 03:37 PM

Originally posted by Urkeldaedalus

I'd say the most interesting part of this story is that the JVC officials say they reconsidered the idea, rather than the rumor having no merit in the first place.

JVC Kenwood Abandons Plans to Sell Music Unit, Buy Pentax Brand - Bloomberg.com

Ys a lot to think about. One thing the orig "rumor" talked about them closing the deal in Nov. The timing of this release does correspond to that "rumor'.
My orig. guess was this was more than a rumor......... and this certainly does not subtract from that..

By Yoshinori Eki and Patrick Rial
Nov. 28 (Bloomberg) -- JVC Kenwood Holdings Inc., a Japanese maker of stereo and car electronics, has abandoned plans to sell its music business, company spokesman Takaaki Nose said today.
JVC has also dropped any thought of acquiring Hoya Corp.’s Pentax camera business, Nose said. The Nikkei newspaper first reported JVC’s plan today, citing an interview with Chairman and President Haruo Kawahara.
The Yomiuri newspaper said on Nov. 4 JVC was in talks with Konami Corp. to sell its Victor Entertainment music unit and was considering a purchase of the Pentax camera brand. Yesterday, the company named a new head for its music division along with plans to rejuvenate the money-losing unit.

Ratmagiclady · 11-28-2009, 05:09 PM

None of this actually says Pentax was ever for sale, really. Just that maybe JVC potentially intended to buy at one point and for whatever reason could not or did not.

yakiniku · 11-28-2009, 05:29 PM

The original "rumour" was reports from several Japanese news agencies so it should be more than a rumour. Anyway, this is a good news. I think Pentax better stay in HOYA to continue being strong at lens making and benefit from HOYA's good financial condition. Partnering should be a good move, go talk to Fujifilm please.

Barnster · 11-28-2009, 09:13 PM

Well their you go!

johnmflores · 12-01-2009, 12:11 PM

They've got an interesting line of P&S and bridge models with ultra high FPS that may complement Pentax's dSLR line...

gazonk · 12-01-2009, 12:23 PM

Originally posted by johnmflores

They've got an interesting line of P&S and bridge models with ultra high FPS that may complement Pentax's dSLR line...

And their P&S cameras used to have Pentax lenses. They might even still have, although they're not branded as such anymore.

mattdm · 12-01-2009, 07:04 PM

And Pentax has a name that isn't firmly associated in my mind with cheap watches.

11-28-2009, 08:24 AM	#1
Urkeldaedalus Veteran Member Join Date: Dec 2008 Location: Iowa Photos: Gallery \| Albums Posts: 1,369	Update: JVC to not purchase Pentax... I'd say the most interesting part of this story is that the JVC officials say they reconsidered the idea, rather than the rumor having no merit in the first place. JVC Kenwood Abandons Plans to Sell Music Unit, Buy Pentax Brand - Bloomberg.com

12-01-2009, 12:11 PM	#12
johnmflores Veteran Member Join Date: Apr 2009 Location: Somerville, NJ Photos: Gallery \| Albums Posts: 5,361	Maybe Casio? They've got an interesting line of P&S and bridge models with ultra high FPS that may complement Pentax's dSLR line...

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11-28-2009, 10:00 AM	#2
MikePerham Veteran Member Join Date: May 2007 Location: Prince George, BC Canada Photos: Gallery \| Albums Posts: 642	Originally posted by Urkeldaedalus I'd say the most interesting part of this story is that the JVC officials say they reconsidered the idea, rather than the rumor having no merit in the first place. JVC Kenwood Abandons Plans to Sell Music Unit, Buy Pentax Brand - Bloomberg.com Well, the interesting thing is seems there was some discussion that Hoya might sell the Pentax camera division as opposed to just forming an alliance as was generally believed. I think it would be in Pentax's best interest to have some relationship with an electronic company such as JVC or Hitachi and no doubt there is a continuing effort of some sort by Hoya in that regard ...time will tell.

11-28-2009, 11:21 AM	#3
Kunzite Pentaxian Join Date: Apr 2007 Location: Romania Posts: 15,132	Probably they found out it's not for sale

11-28-2009, 11:31 AM	#4
thibs Pentaxian Join Date: Jun 2007 Location: Belgium Photos: Albums Posts: 7,001	This is all and good but again, this is an article, not a press release. Some points of it are probably only authors opinion and not 'officially announced things' (note I didn't use the word 'facts' on purpose).

11-28-2009, 01:44 PM	#5
MikePerham Veteran Member Join Date: May 2007 Location: Prince George, BC Canada Photos: Gallery \| Albums Posts: 642	Originally posted by Kunzite Probably they found out it's not for sale I have no doubt that if the *right offer* were made, Hoya would sell Pentax Camera Division.

11-28-2009, 01:52 PM	#6
monochrome Loyal Site Supporter Join Date: Mar 2008 Location: Working From Home Photos: Gallery \| Albums Posts: 26,276	Originally posted by MikePerham I have no doubt that if the *right offer* were made, Hoya would sell Pentax Camera Division. Agreed. I doubt JVC has the cash to purchase Pentax Camera Division from Hoya, nor can they borrow the money under their current cash flow circumstances. When Hoya says Pentax needs a partner, Hoya might mean they'd consider a joint venture with a sensor design/fab co such as Hitachi, under the right circumstances. JVC's financial circumstances likely made that option unattractive, as well. Now if Hitachi were talking, that would be a different story.

11-28-2009, 03:04 PM	#7
LeDave Veteran Member Join Date: Jun 2009 Location: Minneapolis - St. Paul Photos: Gallery Posts: 3,067	Thank goodness, that's a relief.

11-28-2009, 03:37 PM	#8
jeffkrol Veteran Member Join Date: Sep 2006 Location: Wisconsin USA Photos: Gallery Posts: 8,434	Originally posted by Urkeldaedalus I'd say the most interesting part of this story is that the JVC officials say they reconsidered the idea, rather than the rumor having no merit in the first place. JVC Kenwood Abandons Plans to Sell Music Unit, Buy Pentax Brand - Bloomberg.com Ys a lot to think about. One thing the orig "rumor" talked about them closing the deal in Nov. The timing of this release does correspond to that "rumor'. My orig. guess was this was more than a rumor......... and this certainly does not subtract from that.. By Yoshinori Eki and Patrick Rial Nov. 28 (Bloomberg) -- JVC Kenwood Holdings Inc., a Japanese maker of stereo and car electronics, has abandoned plans to sell its music business, company spokesman Takaaki Nose said today. JVC has also dropped any thought of acquiring Hoya Corp.’s Pentax camera business, Nose said. The Nikkei newspaper first reported JVC’s plan today, citing an interview with Chairman and President Haruo Kawahara. The Yomiuri newspaper said on Nov. 4 JVC was in talks with Konami Corp. to sell its Victor Entertainment music unit and was considering a purchase of the Pentax camera brand. Yesterday, the company named a new head for its music division along with plans to rejuvenate the money-losing unit.

11-28-2009, 05:09 PM	#9
Ratmagiclady Veteran Member Join Date: Nov 2008 Location: GA Photos: Gallery \| Albums Posts: 13,563	None of this actually says Pentax was ever for sale, really. Just that maybe JVC potentially intended to buy at one point and for whatever reason could not or did not.

11-28-2009, 05:29 PM	#10
yakiniku Inactive Account Join Date: Sep 2008 Posts: 74	The original "rumour" was reports from several Japanese news agencies so it should be more than a rumour. Anyway, this is a good news. I think Pentax better stay in HOYA to continue being strong at lens making and benefit from HOYA's good financial condition. Partnering should be a good move, go talk to Fujifilm please.

11-28-2009, 09:13 PM	#11
Barnster Veteran Member Join Date: Jun 2009 Location: Mid North Coast,Australia Photos: Gallery Posts: 1,016	Well their you go!

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12-01-2009, 12:23 PM	#13
gazonk Pentaxian Join Date: Feb 2009 Location: Oslo area, Norway Photos: Gallery \| Albums Posts: 3,746	Originally posted by johnmflores They've got an interesting line of P&S and bridge models with ultra high FPS that may complement Pentax's dSLR line... And their P&S cameras used to have Pentax lenses. They might even still have, although they're not branded as such anymore.

12-01-2009, 07:04 PM	#14
mattdm Veteran Member Join Date: Feb 2007 Location: Boston, MA Photos: Gallery Posts: 2,948	And Pentax has a name that isn't firmly associated in my mind with cheap watches.