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[OM] Re Panasonic buying Olympus suggestion - Panasonic also has money w

Subject: [OM] Re Panasonic buying Olympus suggestion - Panasonic also has money woes
From: Michael Hobart <mhobart@xxxxxxx>
Date: Thu, 10 Nov 2011 06:33:05 -0700
I did not see this mentioned in the various posts but I may have missed it.   
Panasonic announced at the end of October that they projected a US$ 5.5 BILLION 
loss for this fiscal year!   There losses are apparently mainly in their 
television business, but still, that's a rather huge loss.   Some of the 
related stories include ones where they have postponed a consolidation of TV 
manufacturing plants because they cannot afford to merge the plants' operations.

That does not sound very good either.   I have not seen any specific 
information on whether or not their camera operations are making money or not.

Mike

On Wednesday, November9, 2011, at 4:16 AM, olympus-request@xxxxxxxxxxxxxxxxx 
wrote:

> From: Andrew Fildes <afildes@xxxxxxxxxxxxx>
> Subject: Re: [OM] Olympus' future truly looks bleak after latest 
> revelations...
> Date: November 8, 2011 5:42:10 AM MST
> To: Olympus Camera Discussion <olympus@xxxxxxxxxxxxxxxxx>
> Reply-To: Olympus Camera Discussion <olympus@xxxxxxxxxxxxxxxxx>
> 
> 
> Perhaps Panasonic will buy them out, now they're so cheap?  
> Worked for Sony!  :-)
> Andrew Fildes
> afildes@xxxxxxxxxxxxx

Michael Hobart
mhobart@xxxxxxx

The Generations Tips pages and some of my personal genealogy is available at
http://users.sisna.com/mhobart





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