Pentax to sell Tokyo HQ, Discontinues 645D Development

Started May 9, 2007 | Discussions thread
ForumParentFirstPrevious
Flat view
HerbChong Senior Member • Posts: 1,369
Pentax to sell Tokyo HQ, Discontinues 645D Development

headline on [ http://www.nni.nikkei.co.jp] .

Thursday, May 10, 2007 3:56 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.

text of article includes

"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 also suggests Pentax will exit the compact camera business too.

Herb...

ForumParentFirstPrevious
Flat view
Post (hide subjects) Posted by
(unknown member)
(unknown member)
(unknown member)
(unknown member)
(unknown member)
(unknown member)
ForumParentFirstPrevious
Keyboard shortcuts:
FForum PPrevious NNext WNext unread UUpvote SSubscribe RReply QQuote BBookmark MMy threads
Color scheme? Blue / Yellow