06-24-2020, 09:22 AM
(This post was last modified: 06-24-2020, 10:19 AM by Klaus.)
https://www.olympus-global.com/ir/data/a...r00013.pdf
Given the corporate denials prior to this announcement, I'm a bit surprised.
JIP (also selling Vaio laptops) seems to become a collector of JP icons then ...
Chief Editor - opticallimits.com
Doing all things Canon, MFT, Sony and Fuji
https://forum.opticallimits.com/showthread.php?tid=4571
Well, looking at the press release, it's really more a spin-off rather than selling the business.
Chief Editor - opticallimits.com
Doing all things Canon, MFT, Sony and Fuji
06-24-2020, 12:03 PM
(This post was last modified: 06-24-2020, 12:04 PM by toni-a.)
Doesn't matter who the owner is, it's just like the change of the CEO, Olympus will remain alive, just like Hasselblad and Pentax
Volvo cars is now owned by Chinese Geely did it matter for its customers ?
Hope the new owner will do the things right
It looks about as bad as it could get to me ! ......... Olympus has given a date limit to relinquish ownership of the camera aspect of the company ...... to NewCo .....
....... fund managements are usually set up in order repay depts on a basis of "so many cents on the dollar" ...... and is handled by administrators acting on behalf of the debtors ....... with a duty towards the shareholders .....
It sounds to all the world like the"camera division" of Olympus is preparing to declare the camera division bankrupt ...... awaiting final figures as to actual value of the remaining assets ....... the announcement is made this very day because of legal requirements to do so.
Newco will no doubt be looking at raising as much as they can by stripping assets and finding buyers for that they don't want and keeping what they consider as profitable .....
..... maybe I seeing a darker picture than is the case but saying things are bleak certainly isn't an understatement!
...... even down to optimistically leaving contact numbers ......
Official Olympus statement with link to memorandum:
https://www.olympus-global.com/news/2020/nr01695.html
Robin Wong's youtube on the subject:
https://www.youtube.com/watch?v=cG4pHik-bUg&feature=youtu.be
There is quite the discussion on the mu-43.com forums as well.
Kind regards, Wim
Gear: Canon EOS R with 3 primes and 2 zooms, 4 EF-R adapters, Canon EOS 5 (analog), 9 Canon EF primes, a lone Canon EF zoom, 2 extenders, 2 converters, tubes; Olympus OM-D 1 Mk II & Pen F with 12 primes, 6 zooms, and 3 Metabones EF-MFT adapters ....
The real catastrophe is the corporate communication.
Can it even be more unprofessional than this?
It's like torpedoing any trust around the brand name.
It shows, once again, how alien JP companies behave from a western perspective.
Chief Editor - opticallimits.com
Doing all things Canon, MFT, Sony and Fuji
Oh well. Was ok while it lasted. At least there is still Fuji. I guess this also means panasonic will (if they haven't already) cease micro 4/3 development.
You know what's funny?
Hours prior to the announcement I ordered an E-M5 III kit.
But yes, I cancelled the order ...
Chief Editor - opticallimits.com
Doing all things Canon, MFT, Sony and Fuji