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06/26/2020 02:28:28 PM · #1 |
I'm surprised nobody else posted this yet. Announced a couple of days ago. Olympus sold it's camera division to a company called JIP, which may split it apart further and sell the components. Remains to be seen what actually happens.
I was working for the office equipment division of Konica-Minolta when they sold the camera division to Sony. I also just went through a product sale to another company and went with the Product to the new company. In both of these cases, the new company actually bought it to add the technology to their own product line. This Olympus sale sounds more like it is going to an investment firm. Not sure how this is going to go, but Micro 4/3 cameras may be a really good buy for a while.
Olympus is giving up on cameras
Message edited by author 2020-06-26 14:28:57. |
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06/26/2020 03:59:56 PM · #2 |
Yep, saw this the other day as well. It does sound like JIP is a capital investment firm, and if that is the case, the employees are probably in for a rough ride. You might say they will feel JIP'ed.
The M.O. of these guys is to buy using leverage, get the folks being bought to pay the interest on the debt, then go in and cut deeply to make the numbers look really good, and finally re-sell for a profit.
I was on the receiving end of one of these debacles once, and it certainly left me with a negative opinion of these capital investment firms. |
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06/26/2020 04:49:25 PM · #3 |
| That's kind of what I thought, reading between the lines of corporate spin. |
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