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Thread started 16 Nov 2011 (Wednesday) 21:43
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Olympus in deep trouble

 
K6AZ
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Dec 05, 2011 14:31 |  #16

KCS wrote in post #13443086 (external link)
I work for a division of Olympus and there really isn't much worry about the ability of the company to carry on. For sure, this is one huge embarrasement, but the company is diverse enough to survive this trouble. It's too early to tell what the fallout is going to be, but I'm optimistic and everyone is working hard to make their groups successful.

I can tell there is trouble just looking at the standard four thirds body offerings - down to one. Why did they discontinue everything but the most expensive body? Makes those of us invested in s43 lens collections concerned.


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Dec 05, 2011 15:57 |  #17

I read one article today about olympus doing big trick with their finanzes at least for the last 10 years... tried to dig that up, but can't find it. ( have been reading to many online newspaper today).They have been running with bad results for years as a well kept secret. That company has some hidden finanzial bombs waiting to explode.

I am very sure that Olympus is the worst investment any could do right now. There is lots of known brands that have been buried and forgotten... Olympus could very well be the next.


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Dec 09, 2011 17:19 |  #18

I'm not sure I think its possible that Olympus encounters some really hard times for a few years. But who knows maybe the market will completely over look this? Seems a bit odd to me either way.


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ZLUJ
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Dec 14, 2011 18:29 |  #19

Wow that's crazy.




  
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tomcat7886
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Dec 14, 2011 21:13 |  #20

oh no, the once most popular brand name is in trouble.... :(


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Dec 16, 2011 16:50 as a reply to  @ tomcat7886's post |  #21

Today, Olympus is offering the Olympus Pen (no model number) on HSN for $299. Seriously. I don't know if it's a stripped down version or what, I do know they have offered stripped down models on HSN before.

I wonder if that is related to their money woes or what.

My first slr was an Olympus and oh, how I loved it! This whole thing is so sad for me.:(




  
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tkbslc
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Dec 16, 2011 17:02 |  #22

It's two models back. That's why it is $299.


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Dec 17, 2011 14:53 |  #23

tkbslc wrote in post #13556107 (external link)
It's two models back. That's why it is $299.

Oh, okay. Thanks!




  
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Michael101
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Dec 21, 2011 01:05 |  #24

News radio is reporting a raid on olympus offices, along with records and computer equipment taken by police.

edit: http://www.bbc.co.uk/n​ews/business-16281034 (external link)




  
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Dec 21, 2011 01:31 |  #25

Keeps on popping up in the news. Sounds crazy!


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JeffreyG
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Dec 21, 2011 05:27 |  #26

Michael101 wrote in post #13577487 (external link)
News radio is reporting a raid on olympus offices, along with records and computer equipment taken by police.

edit: http://www.bbc.co.uk/n​ews/business-16281034 (external link)

That sounds more like Enron than Kmart or General Motors. Still, I'm going to stick with my advice that Olympus stock is more of a 'sell' recommendation right now than a 'buy'.

$0.01 for a stock isn't a bargain if the stock's final value winds up being $0.00. You still take a 100% loss when that happens.


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Dec 21, 2011 18:47 as a reply to  @ JeffreyG's post |  #27

Don't know anything about the stock value but I am staying far, far away from Olympus products. It's a shame but that's what it's gonna be.




  
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freshcargo
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Dec 23, 2011 06:23 as a reply to  @ Rainyday's post |  #28

Olympus will probably emerge out of this stronger, with a better run company and stronger investors.

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K6AZ
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Dec 23, 2011 15:22 |  #29

I hope they do continue and improve the standard four thirds sensor. I have some nice four thirds glass but the sensors are just too noisy above ISO 800.


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JeffreyG
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Dec 23, 2011 15:38 |  #30

freshcargo wrote in post #13589179 (external link)
Olympus will probably emerge out of this stronger, with a better run company and stronger investors.

I'd be fine with that so long as they first cooperate with the law, expose everyone involved in malfeasance and some significant jail time is handed out.

Then perhaps a completely new management team could take over and pick up the pieces.

But I'm weird like that. I'm often actually offended by gross malfeasance and evildoing by corporations and their officers. Most people don't seem to give a rip, even though these people are typically stealing billions of dollars.

It's funny. Everyone knows the pecadilloes of every celebrity out there, but I have found very few people who understand the kinds of massive fraud that was happening prior to the most recent economic catastrophy of 2007-2009.

I'll mention how Goldman Sachs created huge mortgage backed securities, bribed Moody's to give them a high rating, peddled them to their clients and simultaneously shorted the investments. I usually get a blank stare. These guys make Al Capone look like an honest business man. Where are the RICO suits?


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Olympus in deep trouble
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