A $1.7 billion accounting scandal! Yes, Olympus Corp. - the medical device maker is in NEWS, and keeping a close-watch on it is none other than FUJIFILM Holdings, a big-name in the following - computer media, motion picture films, digital cameras, and medical imaging devices...
Never did this 92-year old medical device maker (Olympus) think that concealment of investment losses through impugnable merger and acquisition deals, and other means will give them bad-media attention,...and that too, after long years of 'goodie-good' business reputation. Now, the readers may say, “oh come on, companies like Magnum Marketing, and others can surely save them a good reputation, doing this or that...!” Well!
...it was 'chances' galore for shutterbugs, after the raids on Olympus offices; as, for them, they had more to click and capture...for HEADLINES!
Though speculations are rife, but after this development and not-so-good-stories, it is too early to think of FUJIFILM Holdings and/or other, deciding for investment in the Olympus Corp. that has about 70% share in the flexible endoscope market; and, for the residual market – is being captured by FUJIFILM, and Hoya Corporation.
The Head, FUJIFILM's medical systems, Kouichi Tamai - when being asked about the profitable endoscope division of the Olympus Corp., showed great enthusiasm in the business...
...but then, it is not just Olympus Corp. that Kouichi Tamai has in mind, but his company FUJIFILM is even up on acquiring SonoSite, Inc., which is one of the world leaders in the - portable, mountable, and hand-held scanners.
And now, it has to be seen...whether hospitals and health networks, after this scandalous 'Olympus' episode will continue to buy from them, or the company may have to struggle hard to find their footing again...in the market...!