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Re: [OM] Re Panasonic buying Olympus suggestion - Panasonic alsohas mone

Subject: Re: [OM] Re Panasonic buying Olympus suggestion - Panasonic alsohas money woes
From: "Chris Trask" <christrask@xxxxxxxxxxxxx>
Date: Thu, 10 Nov 2011 09:05:54 -0700
>
> > Panasonic, Sony and others are reporting massive losses this year. I
> > believe this is mostly related to several factors:
> >
> > 1. Earthquake/Tsunami.
> >
> > 2. European financial crisis.
> >
> > 3. Delayed losses.
> >
> > 4. Arab Spring.
> >
> > 5. Digtial TV mandate in the USA.
> >
>
> A major factor is the strong Yen, it was 1 to 120 in 2007 and now 1 to 78.
> Who can sustain such a big raises. It was casued by both US and European
> financial crisis. Their government seem not too concern or not able to
help
> much.
>
> The losses in TV section is due to over supply, the LCD panel
manufacturing
> just grew to fast.
>

    All of this is adding credibility to the unpalatable predictions voiced
in the recently published book "Aftershock" by Wiedemer et al.  There's
another book by the same title by Clinton-era labor secretary Robert B.
Reich, which is equally sobering.

    Save string.

Chris

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