I am convinced KM is a charitable non-profit organization that helps struggling print service providers earn money.

Great job with the financials Ray, the analysis and numbers resonate clearly: Konica is in trouble!

Ray, I’d be extremely suprised if Fujifilm would get its hands THAT dirty. Reorganizing means costs. Severance pays, asset disposition, consultants, etc. So why acquiring a dying cow with no real meat when you can just create a “joint venture” and milk it? Minimal cost, you get to sell more toner (where the money is) and you let the cow die peacefully.