Olympus

[UncleFai]

http://www.businessweek.com/news/20...ympus-scandal-shakes-investor-confidence.html

Will Olympus go bust? Or get acquired by a competitor?

 

[s1221ljc]

Well, imo they have eaten others up, now its time they are eaten up... Its sad, hope their product offerings are not adversely affected cos they are very good.

 

[snowc]

Quite shocked when I saw the news on Channel 8. Hope they could overcome this and move on.

 

[yrh0413]

they just did something illegal to cover up their losses due to bad investment. That doesn't mean they are going bankrupt.

Olympus will be just fine, only some bad publicity.

 

[bruggink]

I guess stuff like this is not something uncommon in the business world. It's a matter of "who-is-next-to-get-caught".

 

[UncleFai]

Apparently GIC is a major shareholder of Olympus. Now GIC looking at $100 million in losses.

 

[SAMUELS]

Apparently GIC is a major shareholder of Olympus. Now GIC looking at $100 million in losses.

Oh my god... seriously...