Thom's sansmirror Olympus article

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eya1 Regular Member • Posts: 277
Thom's sansmirror Olympus article
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I think Thom raises some good points:

  • It's an outright fire sale. .. JIP has been acquiring insolvent businesses in Japan since 2002, including one from Olympus before, Olympus mobile phone business.

Olympus made mobile phones?

  • But JIP is not a large pocket investor, it's a small (US$150m) equity investment partner. In particular, they specialize in what they call "curve out" projects. Basically this is code for "take over a business while stripping out any non-performing aspects." It's a way of getting around Japan's employee laws, among other things.

So JIP is interested in the brand; not the company, not it's customers

  • Olympus may retain some ownership in the new venture (Sony retained 5% of the VAIO spinout),
    As many know, the Sony VAIO computers disappeared from many markets after JIP took over. I wouldn't be surprised if JIP concentrated on where Olympus has done decently (e.g. Japan and some parts of Asia).

Which is probably what will happen. Look at Olympus' pull out from South Korea - market consolidation has already begun..

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