OM Digital Solutions Corporation has been formed.
Sep 30, 2020 16:16:35 #
wdross
Loc: Castle Rock, Colorado
The agreement is official. JIP owns 95% of the company and Olympus Corporation owns 5%. Now we will get to see how thing will work out. Olympus will not get much of a say, owning only 5%, but they will get a say.
Sep 30, 2020 16:28:45 #
After reviewing your other posts... You read like you are in pain over olympus demise...
5% gives no say to anyone, just some interest at the end of a year.
5% gives no say to anyone, just some interest at the end of a year.
Sep 30, 2020 16:45:18 #
Sep 30, 2020 16:58:38 #
Longshadow wrote:
Who or what is JIP?
JIP stands for Japan Industrial Partners which is an investment firm that buys other companies.
Sep 30, 2020 17:28:59 #
BebuLamar wrote:
JIP stands for Japan Industrial Partners which is an investment firm that buys other companies.
Thanks.
Sep 30, 2020 19:05:26 #
Rongnongno wrote:
After reviewing your other posts... You read like you are in pain over olympus demise...
5% gives no say to anyone, just some interest at the end of a year.
5% gives no say to anyone, just some interest at the end of a year.
He shouldn't be as his Olympus collection will be more valuable!
Sep 30, 2020 19:13:15 #
wdross
Loc: Castle Rock, Colorado
Rongnongno wrote:
After reviewing your other posts... You read like you are in pain over olympus demise...
5% gives no say to anyone, just some interest at the end of a year.
5% gives no say to anyone, just some interest at the end of a year.
No pain, just wondering where things will go in the future. First thing I would think they would work on are some new sensor for the cameras. And there could be a clause that the "OM" in the new company's name disappears if things are not to the liking of Olympus. JIP is trying to help themselves by including "Olympus" in what way they can in the name of the new company.
With two lens purchases and two teleconverter purchases, done new or used in the next two years, I should be set for the next ten years or more beyond that - unless there are some new bodies with some new sensors.
Oct 1, 2020 05:43:28 #
wdross wrote:
The agreement is official. JIP owns 95% of the company and Olympus Corporation owns 5%. Now we will get to see how thing will work out. Olympus will not get much of a say, owning only 5%, but they will get a say.
This is like the "afterlife" for Olympus...it will be interesting to see what the future holds...
Oct 1, 2020 06:15:20 #
Oct 1, 2020 07:14:42 #
I am sure a majority of us know that Olympus had no other choice than to sell their camera division due to business losses in the past 3 years. Olympus makes most of its income from medical equipment as I understand it.
JIP seems as the company that buys Japanese products so that they will not fall in foreign hands. I know that they have the approval of the Japanese government.
At this stage of the game it is impossible to know what the future holds. Olympus sold its plants in China and Vietnam to the new company along with their R&D (research and development) unit. The new company has said that the Olympus and EM names will remain and that new products are pending for 2021. They have also stated that customer support will continue as it is today. The Olympus net of dealers will be kept. About Olympus visionaries and ambassadors nothing has been discussed yet that I know of.
Minolta finally ended up in the hands of Sony but as far I know there have been no new cameras with the Minolta name. If Sony has incorporated Minolta technologies in their cameras that is also unknown to me.
If JIP decides to change the sensor or come up with a new series of cameras we do not know yet. Present Olympus cameras and lenses in my humble opinion are of excellent quality and will last for years. I for sure will stay Olympus.
JIP seems as the company that buys Japanese products so that they will not fall in foreign hands. I know that they have the approval of the Japanese government.
At this stage of the game it is impossible to know what the future holds. Olympus sold its plants in China and Vietnam to the new company along with their R&D (research and development) unit. The new company has said that the Olympus and EM names will remain and that new products are pending for 2021. They have also stated that customer support will continue as it is today. The Olympus net of dealers will be kept. About Olympus visionaries and ambassadors nothing has been discussed yet that I know of.
Minolta finally ended up in the hands of Sony but as far I know there have been no new cameras with the Minolta name. If Sony has incorporated Minolta technologies in their cameras that is also unknown to me.
If JIP decides to change the sensor or come up with a new series of cameras we do not know yet. Present Olympus cameras and lenses in my humble opinion are of excellent quality and will last for years. I for sure will stay Olympus.
Oct 1, 2020 08:04:41 #
Rongnongno--You are correct. Years ago a owner/manager of a small radio station pointed out to me that if you didn't own 50.1 per cent of a business you are just hired help.
Oct 1, 2020 08:17:11 #
JAP is a money group with resources to improve and market. They did this with Vaio Computers pruchased from Sony. The Technoligists [brains] of Olympus will have a lot of say in the JAP-Olympus deal... the old style management will disappear. Old philosophy in management often destroys companies because they solve problems by not changing any thing... GM laughed at small cars, the VW was a funny bug... it ended up biting them.
If one looks at SpaceX, they utilized the laid off NASA engineers and gave them free reign to develop the science fiction crafts that were in the movies of 1950s. Competition is using the 1970 rocket technology. Same goes with electric cars,Tesla. GM had e-Car technology in the 1990s but did not continue, instead at the behest of the oil companies destroyed all existing e-cars and technology.
Summary of the above paragraph... Olympus will arise again but will be an advanced .. excellent camera.
camerapapi said in part: " If Sony has incorporated Minolta technologies in their cameras that is also unknown to me."
Oh Contrary, The Minolta Focus system was used to Sony's advantage and to mine since i had my Minolta Lens collection. Sony was just a modernized Minolta. I still use my Sony AF-65 camera with my old lenses. The old Minolta Maxxum lenses are highly rated. I have purchased special Minolta AF type lenses at eBay etc for a song. Even a 100mm Macro for $10, wow! [$20 for the spanner to take it apart to clean]. the technology history is here:
https://en.wikipedia.org/wiki/Sony_%CE%B1
OUCH! When Sony went to the e-mount those lenses are expensive.
If one looks at SpaceX, they utilized the laid off NASA engineers and gave them free reign to develop the science fiction crafts that were in the movies of 1950s. Competition is using the 1970 rocket technology. Same goes with electric cars,Tesla. GM had e-Car technology in the 1990s but did not continue, instead at the behest of the oil companies destroyed all existing e-cars and technology.
Summary of the above paragraph... Olympus will arise again but will be an advanced .. excellent camera.
camerapapi said in part: " If Sony has incorporated Minolta technologies in their cameras that is also unknown to me."
Oh Contrary, The Minolta Focus system was used to Sony's advantage and to mine since i had my Minolta Lens collection. Sony was just a modernized Minolta. I still use my Sony AF-65 camera with my old lenses. The old Minolta Maxxum lenses are highly rated. I have purchased special Minolta AF type lenses at eBay etc for a song. Even a 100mm Macro for $10, wow! [$20 for the spanner to take it apart to clean]. the technology history is here:
https://en.wikipedia.org/wiki/Sony_%CE%B1
OUCH! When Sony went to the e-mount those lenses are expensive.
Oct 1, 2020 09:19:59 #
dpullum wrote:
JAP is a money group with resources to improve and... (show quote)
I think you make some good points. However, it could just as well go another way. If JIP, as many investment groups are, is primarily interested in making money, they could put the digital photography business of Olympus on life support and concentrate on other Olympus divisions such as medical and industrial optics.
It is not uncommon for investment companies to buy other companies for access to patents and technology that can be used or sold for a profit. Like it or not, the reality is that digital photography using DSLRs, mirrorless or not, is a declining market for all the camera makers, mainly due to the cellphone.
Olympus is not even in the top 5 of the camera companies in market share. Number 4 and 5 presently is Fuji and Panasonic, both with only 4.7% of the market share. To me at least it seems unlikely that JIP would invest money to simply make themselves the 5th or 6th rated photography company in a severely declining market.
Emotionally, I know that we all would like to see Olympus continue on to thrive and prosper as they made great products. But economics and the market place can be cruel masters.
Oct 1, 2020 09:22:51 #
dpullum wrote:
JAP is a money group with resources to improve and... (show quote)
I have a bridge for sale!!
Know what JIP did to Sony Vaio? They rode the name and swapped out for cheap parts to get their investment back.
Oly is done. Jip will ride the name ...squeeze out every penny from those still ...stuck...and the hopeful.
Innovation...done.
It's riding the gravy train time...for as long as they can. Minimum output of expensive quality for maximum profit.
It's what JIP does...and they do it very well.
Oct 1, 2020 09:31:27 #
If JIP is anything like corporate raiders are in this country, they will sell off what they can, make a huge profit, and move on.
--Bob
--Bob
wdross wrote:
The agreement is official. JIP owns 95% of the company and Olympus Corporation owns 5%. Now we will get to see how thing will work out. Olympus will not get much of a say, owning only 5%, but they will get a say.
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