Of course they will survive, but probably not in the current form. They have a
nice medical equipment business, the photo stuff that we care about is small
fry. I cannot imagine Woodford being reinstated. The most likely outcome is
that the company will be broken up.
The technology and know-how will still be there, somewhere.
Nathan Wajsman
Alicante, Spain
http://www.frozenlight.eu
http://www.greatpix.eu
http://www.nathanfoto.com
PICTURE OF THE WEEK: http://www.fotocycle.dk/paws
Blog: http://nathansmusings.wordpress.com/
YNWA
On Nov 23, 2011, at 4:07 PM, Ken Norton wrote:
> The company is bloody profitable! Think about it, Olympus has hidden
> potentially billions of dollars in losses and nobody notiiced. Other than
> for an exec who didn't get the memo about digging into the past, they
> probably would have gotten away with it indefinitely.
>
> My guess is that there is a high likelihood of Woodford being reinstated.
> The other boardmembers are probably beyond livid with him, but the
> stockholders will do the speaking.
>
> The latest news is that there doesn't appear to be any Yakuza connection.
> My E-1 is a bit bummed about that. He's been going around intimidating the
> other cameras and shaking them down for money.
>
> AG
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>
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