Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

Olympus shares gain 18.51% as delisting fears ease

Business Nov. 15, 2011 - 03:15PM JST ( 7 )

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7 Comments

0

gogogoNov. 15, 2011 - 03:33PM JST

They blatantly lied before ("we did nothing illegal") what makes people believe they will actually met this deadline?
2

badmigraineNov. 15, 2011 - 04:10PM JST

Kind of makes you wonder what you have to do to get delisted.
-2

smithinjapanNov. 15, 2011 - 04:30PM JST

"However, Japanese media reports that the Securities and Exchange Surveillance Commission will likely limit its disciplinary measures against Olympus to administrative penalties prompted a glut of buy orders on Tuesday."

Is anyone surprised? The only thing that would surprise me about Olympus would be a decision to come clean and clean up. You'll forgive me for pointing out that has not and will not happen.
0

GodanNov. 15, 2011 - 04:52PM JST

Wonder if it wouldn't be a good time to buy some Olympus stock? They do make some very quality products. It's a shame that the geezers who were in charge had such crappy morals.
0

Mex FukuokaNov. 15, 2011 - 09:58PM JST

From 3000+ yen per share to 640 ... it's still a big loss for the major stockholders.

I'm with Goldan here, wondering if Olympus can recover from this mess (not saying that it would clean up the mess ... maybe just cover up some that the investigators fail to notice).
-1

herefornowNov. 15, 2011 - 10:58PM JST

Is anyone surprised? The only thing that would surprise me about Olympus would be a decision to come clean and clean up. You'll forgive me for pointing out that has not and will not happen.

smithinjapan -- as usual, spot on. In no small part beause the authorites, like the SESC, believe it is their mandate to protect Japan Inc. rather than the investors. And, as you say, that will never change, so nothing will happen when these crimes occur. Stability and employment trump everything in Japan, even any sense of right or wrong.
0

lostrune2Nov. 16, 2011 - 05:42PM JST

This is like the Enron scandal. Dig deeper.