rlh1

rlh1

Lives in United Kingdom United Kingdom
Joined on Jan 20, 2005

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In reply to:

Pangloss: There are many issues at this moment with Olympus:
1) Nobody knows how much the company is worth, since its accounting has been compromised over the last 20 years(!).
2) Investors have lost confidence and employee morale is probably pretty low.
3) Mr. Woodford should quickly be reinstated as CEO and President and be allowed to form a new management team.
4) The company *urgently* needs to complete its financial accounts review in time to submit to the Tokyo Stock Exchange to avoid delisting (by Dec. 14).
The 92-year old company is in E.R. at this stage and unless they act very fast, it could disappear in the short term.

@ rrr_hhh
I suggest that what Olympus Corporation needs is probably not what would benefit the ongoing development and production of Olympus cameras.
If the financial position is as indicated by this latest report the incoming CEO, whoever he/she is, will have one overriding priority, to save Olympus Corporation. It appears that the mainstay of the corporation is the medical equipment business which is the obvious candidate for saving and future support.
I think it possible that the cameras division could be disposed of 'for the greater good'.

Direct link | Posted on Dec 6, 2011 at 22:17 UTC
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