Friday, May 11, 2007

Pentax Retrenches

The news is filtering through from Japan that Pentax is scrambling to resist the takeover bid by Hoya. Imaging-Resource is reporting that Pentax will sell its valuable headquarters and research facility properties to raise cash and concentrate its business on the most profitable areas, including DSLRs. For one thing, this will probably spell the end of the company's film medium format camera lines. Still uncertain is the fate of the previously announced medium format digital camera.

On the other hand, the company is profitable and apparently no layoffs are planned, which bodes well for employee morale.

An official announcement from Pentax is expected today.


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