James Masi
New member
see headline article at http://www.nni.nikkei.co.jp/. (this is a pay-subscription service.) Here is the text:
Thursday, May 10, 2007 3:20 a.m. (JST)
Pentax To Sell Tokyo HQ, Quit Low-Profit Ops To Lift Corp Value
TOKYO (Nikkei)--Pentax Corp. (7750) plans to sell its Tokyo headquarters and withdraw from less profitable businesses under strategies the camera maker has crafted to block a takeover bid by optical glass manufacturer Hoya Corp. (7741), The Nikkei learned Wednesday.
the text of the article includes this statement -
"On top of this, Pentax will continue to overhaul less profitable businesses. It will abandon the development of medium-format single-lens reflex cameras designed for professional photographers and specialize in digital SLR offerings for new and intermediate users."
This is quite unfortunate.
Thursday, May 10, 2007 3:20 a.m. (JST)
Pentax To Sell Tokyo HQ, Quit Low-Profit Ops To Lift Corp Value
TOKYO (Nikkei)--Pentax Corp. (7750) plans to sell its Tokyo headquarters and withdraw from less profitable businesses under strategies the camera maker has crafted to block a takeover bid by optical glass manufacturer Hoya Corp. (7741), The Nikkei learned Wednesday.
the text of the article includes this statement -
"On top of this, Pentax will continue to overhaul less profitable businesses. It will abandon the development of medium-format single-lens reflex cameras designed for professional photographers and specialize in digital SLR offerings for new and intermediate users."
This is quite unfortunate.