Is Olympus going away? (Page 6): There’s always someone that shows up late to the party with the potato salad that nobody eats because they’re already onto dessert.

SuperflyTNT Loc: Manassas VA

[quote=jtm1943]

tomad wrote:

I've been interested in Olympus cameras and lenses... (show quote)

There’s always someone that shows up late to the party with the potato salad that nobody eats because they’re already onto dessert.

Real Nikon Lover Loc: Simi Valley, CA

jerryc41 wrote:

I know they changed the name to "OM System," in case someone else hasn't mentioned that. Stupid name, in my opinion. "I have a Canon." "I shoot with a Nikon." "Well, I use OM System."

Beats "I shoot with a JIP and I am jipped".

Canisdirus

Hip Coyote wrote:

I am a holder of a lot of Oly gear. And am sure w... (show quote)

The analysis is quite simple once the financials are laid out...folks just don't want to see it.

OM-D made 47 million in revenue last year...gross income.
Their only competitor...Panasonic made just over 1 Billion last year...gross income.

47 million vs 1 billion.

It's a wind down...and that is exactly what a wind down looks like.

larryepage Loc: North Texas area

Canisdirus wrote:

The analysis is quite simple once the financials are laid out...folks just don't want to see it.

OM-D made 47 million in revenue last year...gross income.
Their only competitor...Panasonic made just over 1 Billion last year...gross income.

47 million vs 1 billion.

It's a wind down...and that is exactly what a wind down looks like.

The need to make money and generate at least some profit to remain an "ongoing concern" has led to a variety of undignified endings for a number of well-respected and sometimes long-established companies. Sometimes malfeasance is involved and sometimes not. Three which met ignominious ends during my lifetime are MiniScribe, Braniff Airways, and The A. C. Gilbert Company.

These are all easy and quick to research, and each one suffered experiences which parallel what is going on at OM System, although neither is identical to either Olympus or to each other. Every one of them came from a strong heritage position. Not one of them survived in the end. The bottom line is that there is no "right to syrvival" in the worlds of business and manufacturing. While there is no reason for anyone to wish ill for OM System, the reality is that they face a really tough road ahead. Their situation is nothing like what faces Nikon or any other photographic equipment right now. That's not necessarily a reason not to buy anything from OMS. But it is a reason to think twice about doing so.

JD750 Loc: SoCal

Canisdirus wrote:

Yes, it is going away...and has been set up to go ... (show quote)

so you’re saying it was a Japanese conspiracy to close down the company by having another company purchase it, and then invest more money in developing and releasing new products? 🤔

I don’t buy that but my crystal ball is fogged up so I’m not going to predict anything.

I will keep using my OM-1 and if I should decide I want a new Olympus lens I will buy one.

JD750 Loc: SoCal

imagemeister wrote:

LOL Yes, it all boils down to entertainment .....but some of us like to think we might actually learn something here whether intentionally or by accident. Your mileage may vary ......

You can have an laugh and learn too! They are not mutually exclusive.

JD750 Loc: SoCal

And there is no more Olympus. It has already been said that future products will be released by OM systems with the OM label.

From what I have seen so far it’s the same company, same people, same policies with a different owner.

larryepage Loc: North Texas area

JD750 wrote:

And there is no more Olympus. It has already been said that future products will be released by OM systems with the OM label.

From what I have seen so far it’s the same company, same people, same policies with a different owner.

I have worked in management for an organization which changed owners. I can guarantee you that we were not allowed to be "the same company" when ownership changed. Nor would the people remain the same for very long if they didn't demonstrate a level of allegiance to the new owners and their approaches and methods.

Sidwalkastronomy Loc: New Jersey Shore

JD750 wrote:

so you’re saying it was a Japanese conspiracy to close down the company by having another company purchase it, and then invest more money in developing and releasing new products? 🤔

I don’t buy that but my crystal ball is fogged up so I’m not going to predict anything.

I will keep using my OM-1 and if I should decide I want a new Olympus lens I will buy one.

I have two film OM2-n with a 1.4 and 1.8 lens.
I might break the F1.4 out and put in on my rebel 77D.

JD750 Loc: SoCal

larryepage wrote:

I have worked in management for an organization which changed owners. I can guarantee you that we were not allowed to be "the same company" when ownership changed. Nor would the people remain the same for very long if they didn't demonstrate a level of allegiance to the new owners and their approaches and methods.

Yes so have I. Buyouts are all handled differently, some are more adversarial some are benign. For example, a friend of mine was working for a production company. They were bought out, on the day the sale closed, they called everyone to a meeting and announced, "you are all fired, you can re-apply for you old job and we will consider your resume." Naturally many did and those who re-applied, lost all benefits, vacation, sick pay etc. , and they were working at a lower salary. Another place I know was bought out, basically only the company ownership changed, it was more or less transparent to management and workers at the plant.

Guyserman Loc: Benton, AR

User ID wrote:

Guesstimate based only on UHH tradition, just about eleven pages to go .....

We will have our three pages done by the time you finish your eight pages.

SuperflyTNT Loc: Manassas VA

Canisdirus wrote:

The analysis is quite simple once the financials are laid out...folks just don't want to see it.

OM-D made 47 million in revenue last year...gross income.
Their only competitor...Panasonic made just over 1 Billion last year...gross income.

47 million vs 1 billion.

It's a wind down...and that is exactly what a wind down looks like.

Ridiculous comparison. First of all you can’t even get the name right. There is no OM-D. And you can’t compare the profits of a camera company against a huge corporation like Panasonic. Cameras are a small part of their business. OM Systems has a slightly larger chunk of mirrorless camera sales.

Canisdirus

JD750 wrote:

so you’re saying it was a Japanese conspiracy to close down the company by having another company purchase it, and then invest more money in developing and releasing new products? 🤔

I don’t buy that but my crystal ball is fogged up so I’m not going to predict anything.

I will keep using my OM-1 and if I should decide I want a new Olympus lens I will buy one.

No...you're saying that...conspiracy? Put the bong down.

I just read the financials...
You aren't built for success if you take in 47 million and your competition takes in a billion.

Canisdirus

SuperflyTNT wrote:

Ridiculous comparison. First of all you can’t even get the name right. There is no OM-D. And you can’t compare the profits of a camera company against a huge corporation like Panasonic. Cameras are a small part of their business. OM Systems has a slightly larger chunk of mirrorless camera sales.

Those are both profits from their imaging dept. Not the entire Panasonic corporation.

The numbers are accurate....47 million vs a billion.

Ever go to the 4/3'ds rumor page...vs. any of the other format sites?

It's like molasses in winter on that site...
All of the other sites are chock full of new things happening.

The signs are everywhere...if you take the blinders off.

SuperflyTNT Loc: Manassas VA

Canisdirus wrote:

No...you're saying that...conspiracy? Put the bong down.

I just read the financials...
You aren't built for success if you take in 47 million and your competition takes in a billion.

I’m guessing there’s a reason your username is an extinct species.