jeremypinc.com

TOKYO (Reuters) – Japan’s scandal-hit Olympus Corp on Wednesday unveiled three new medical products it hopes will help it out of the crisis left by a huge accounting fraud which erupted last year, threatening to destroy the 92-year-old firm.

Better known for its cameras, the company is pinning its future on medical equipment and in particular diagnostic endoscopes in which it already controls about 70 percent of the global market.

“Without growth in our medical business, I do not think there will be a revival for Olympus,” Hiroyuki Sasa, the firm’s president-nominee and head of Olympus’s medical equipment marketing business, said at an event for the product launch.

It has survived has the $1.7 billion fraud case that surfaced last October in one of Japan‘s worst corporate scandals, partly because its profitable medical business, which accounts for about 40 percent of total sales.

But the company has been unable to shake off criticism of its management, with foreign shareholders pressing their demands for an independent board.

Sasa, also an executive officer, was nominated by Olympus in February to become president and take over from Shuichi Takayama who has been sued by the firm for mismanagement.

Olympus also nominated a new board, including a former banker from its main lender Sumitomo Mitsui Banking as chairman.

But a group of foreign shareholders, who want a board free from the influence of the company’s creditors, demanded a more independent chairman.

“The proposed Chairman’s and certain other proposed board members’ close connection with Olympus’ main banks gives rise to a potential conflict of interest,” the shareholders, including Southeastern Asset Management and Indus Capital, said in an emailed statement.

“To accept a bank-led rehabilitation would be a setback, in our view, to the interests of shareholders, as well as to the earnest efforts of the Japanese Financial Services Agency and the Tokyo Stock Exchange to improve corporate governance standards in Japan.”

A regulatory filing showed last week that Southeastern had cut its stake in Olympus to 3.95 percent from 5.09 percent.

Foreign shareholders are worried that creditors could push Olympus into a big, dilutive sale of new equity, possibly to another Japanese company eager to gain some exposure to its profitable endoscope business.

Among firms rumored to be interested in making a strategic investment in Olympus are electronics firms Sony Corp and Panasonic Corp and rival endoscope maker Fujifilm Holdings Corp.

The nominees for Olympus’s new management team are subject to approval at the firm’s April 20 shareholders’ meeting.

REBUILDING WITH MEDICAL DEVICES

Olympus launched three new products – a gastrointestinal video endoscopy system, a low-cost endoscopic videoscope system and a blood vessel sealing and tissue cutting device, all aimed at overseas markets.

The release of EVIS EXERA III, the gastrointestinal video endoscopy system for overseas including United States, Europe and Asia but excluding Japan and Britain, came seven years after the previous generation product was launched.

For Britain and Japan, Olympus in 2006 released a similar but separate platform called EVIS LUCERA SPECTRUM and plans to launch a new generation product in the next fiscal year ending March 2013.

Olympus also released a low-cost endoscopic videoscope system, named Axeon, for emerging markets including China and India, as well as an energy-based surgical device, called Thunderbeat, the first product in the world that seals vessels and cuts tissues using both bipolar high frequency and ultrasonic energy.

The firm said aims to sell 5,000 to 7,000 EVIS EXERA III systems, which costs about 10 million yen ($119,600), a year, and 3,000 to 3,500 Axeon systems, which will be under 2.5 million yen.

It declined to reveal its sales target for Thunderbeat, whose system costs about $35,000 and handheld device around $850.

Olympus controls about 13 percent of the global energy-based surgical device market, lagging behind Covidien and Ethicon, a unit of Johnson & Johnson.

Olympus shares, which have lost nearly half their value since the scandal erupted, closed down 2.1 percent at 1,307 yen on Wednesday, against a 0.6 percent fall in the benchmark Nikkei average. ($1 = 83.6250 Japanese yen)

(Additional reporting by Chris Gallagher; Editing by Chris Lewis and Jonathan Thatcher)

Source: http://news.yahoo.com/olympus-says-core-medical-business-key-rebuilding-080701562.html

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Donald Trump is not surprised, or sad, to say the least, about Rosie O’Donnell’s recent misfortunes. He says he’s known what a failure she is since the get-go.

If you missed it, Oprah cancelled Rosie’s show last week – amid reports of chaos on what staffers called “hellish” set – to her former adversary’s delight.

Trump went on Twitter this morning and wrote, “Rosie O’Donnell has failed again. Her ratings were abysmal and Oprah cancelled her on Friday night.”

“When will media executives learn that Rosie just hasn’t got it.”

Trump has been bashing Rosie for years, claiming the former co-host on The View was a “pig” and a “loser” after she called him a “snake-oil salesman.”

In the case of OWN canning her, Rosie felt the writers, producers, stage managers and directors were all inept … and that didn’t sit well with the brass.

The brass being Oprah, who hired all those people.

Her attitude was the final straw. One word several high level staffers used to describe R.O. is “bully,” something the network ultimately had enough of.

Burning question: What’s more offensive: Donald Trump Jr.’s hunting photos, or that gargoyle Rosie O’Donnell’s mere presence in any situation?

[Photos: WENN.com]

Source: http://www.thehollywoodgossip.com/2012/03/donald-trump-on-rosie-odonnell-sucking-i-called-that/

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Source: http://news.yahoo.com/syria-humanitarian-crisis-likely-worsen-icrc-111637649.html

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Also See:

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Source: http://lovemonkey.net/2012/03/date-asian-women-dating-sites-in-san-jose-california/

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Source: http://asics.lateststyle.org/2012/03/18/jordan-11-business-solo-professionals-article-cate/

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This study explores cross-cultural adaptation experience of Chinese engineering students in the U.S. I interact with 10 Chinese doctoral students in engineering from a public research university through in-depth interviews to describe 1) their perceptions of and responses to key challenges they encountered in graduate school, 2) their perspectives on the challenges that stem from cross-cultural differences, and 3) their conceptualization of cross-cultural adaptation in the context of graduate school. My findings reveal that the major challenges participants encounter during graduate school are academic issues related to cultural differences and difficulties of crossing cultural boundaries and integrating into the university community. These challenges include finding motivation for doctoral study, becoming an independent learner, building a close relationship with faculty, interacting and forming relationships with American people, and gaining social recognition and support. The engineering students in this study believe they are less successful in their social integration than they are in accomplishing academic goals, mainly because of their preoccupation with academics, language barriers and cultural differences. The presence of a large Chinese student community on campus has provided a sense of community and social support for these students, but it also contributes to diminishing their willingness and opportunities to interact with people of different cultural backgrounds. Depending on their needs and purposes, they have different insights into the meaning of cross-cultural adaptation and therefore, and choose different paths to establish themselves in a new environment. Overall, they agree that cross-cultural adaptation involves a process of re-establishing themselves in new academic, social, and cultural communities, and adaptation is necessary for their personal and professional advancement in the U.S. They also acknowledge that encountering and adjusting to cross-cultural challenges allow them to grow as a person and develop a new sense of self and identity, and negotiating cultural differences help them gain a deeper understanding of their own and other cultures. These findings offer insights into understanding the interconnections among international students academic life, socialization, and cross-cultural adaptation.

Source: http://www.socscience.com/social-sciences/19910.html

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Just as one internet marketer, you?re already searching for ways to promote your product or internet business, which means you probably know already that you have many resources accessible to be useful for finding your targeted audience.

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Source: http://www.tuto-rial.com/2012/03/product-launch-simple-suggestions-effective/

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The online Forex Market is a foreign concept to many investors, even though it is ripe with opportunity. You should become familiar with this market because it is making many individuals thousands of dollars. By understanding how the market works you too can benefit from this and create a second income for yourself, or perhaps even a whole new career path.

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Most people find that the time it takes to understand how to utilize these markets effectively is time well spent. At least one reason for the sudden growth of this type of investment strategy is that minimal capital is necessary to begin. Additionally, by being a worldwide market place it has the benefit of being open for trading 24 hours a day. So perhaps the most attractive feature is that you can actively participate in the Forex Market according to your schedule, opening up the potential to create a second income for yourself.

While there are many benefits of Forex Trading, it is important to keep in mind that it is not going to be right for everyone. In order to be successful you will need to take the time to understand how the software works, and you may not have this kind of time available. Furthermore, loses are quite common in the beginning and so you must have patience in order to continue on until you begin to see a profit. Before you really understand how to make a profit, you can be sure that there will be loses along the way, and so Forex Trading is only appropriate for those who can take on those loses and continue to go forward.

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Source: http://articles-maniac.tk/initial-considerations-to-make-before-becoming-involved-in-forex-trading/finance/currency-trading/

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Source: http://josepina.typepad.com/blog/2012/03/ugg-reference-and-education-college-university-037qfdoak.html

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