Axel Mertes
Well-known member
http://www.fxguide.com/qt/506/and-another-one-bites-the-dust-dalsa-sold-to-arri
And another one bites the dust: Dalsa sold to Arri
Filed under: fxNewswire by Mike Seymour @ 7:35 pm on October 30, 2008
Dalsa is selling its camera division to Arri. Under the terms of the deal released to the stock exchange, Dalsa will sell its camera division, help develop future sensor chips for Arri, and seek to also sell its rental division separately. Faced with continuing losses in their high end camera sector, compared with modest profits in their other chip and sensor operations, Dalsa is off loading their cameras to Arri.
“The actions we undertook in the third quarter to stem further losses in our Digital Cinema initiative will now allow us to focus our attention more fully on our core Digital Imaging and Semiconductor businesses, and to further build on their success moving forward,” commented Brian Doody, Chief Executive Officer of DALSA Corporation.
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From the Press release
DALSA Corporation an international leader in high performance digital imaging and semiconductors, today reported revenues of $52.6 million for the quarter ended September 30, 2008, and net income from continuing operations of $6.0 million or $0.32 per share, diluted.
DALSA is committed to eliminating the ongoing losses in the Digital Cinema division by the end of 2008. The Company has recently entered into a non-binding letter of intent (”LOI”), which includes a 30-day period of exclusive negotiations, with Arnold & Richter Cine Technik GmbH (”ARRI”), one of the world’s leading manufacturers of cinematography cameras. Under the terms of the LOI, ARRI would acquire certain existing assets of the DALSA Digital Cinema division. Concurrently, DALSA and ARRI would enter into a technology partnership agreement whereby DALSA will develop for ARRI custom high performance CCD image sensors and related products. Furthermore, DALSA would supply the developed products to ARRI for digital cinematography applications through DALSA’s core businesses. Related to the transaction contemplated by the LOI, DALSA will endeavour to find a buyer for its Los Angeles based camera rental operations.
And another one bites the dust: Dalsa sold to Arri
Filed under: fxNewswire by Mike Seymour @ 7:35 pm on October 30, 2008
Dalsa is selling its camera division to Arri. Under the terms of the deal released to the stock exchange, Dalsa will sell its camera division, help develop future sensor chips for Arri, and seek to also sell its rental division separately. Faced with continuing losses in their high end camera sector, compared with modest profits in their other chip and sensor operations, Dalsa is off loading their cameras to Arri.
“The actions we undertook in the third quarter to stem further losses in our Digital Cinema initiative will now allow us to focus our attention more fully on our core Digital Imaging and Semiconductor businesses, and to further build on their success moving forward,” commented Brian Doody, Chief Executive Officer of DALSA Corporation.
--------------------------------------------------------------------------------
From the Press release
DALSA Corporation an international leader in high performance digital imaging and semiconductors, today reported revenues of $52.6 million for the quarter ended September 30, 2008, and net income from continuing operations of $6.0 million or $0.32 per share, diluted.
DALSA is committed to eliminating the ongoing losses in the Digital Cinema division by the end of 2008. The Company has recently entered into a non-binding letter of intent (”LOI”), which includes a 30-day period of exclusive negotiations, with Arnold & Richter Cine Technik GmbH (”ARRI”), one of the world’s leading manufacturers of cinematography cameras. Under the terms of the LOI, ARRI would acquire certain existing assets of the DALSA Digital Cinema division. Concurrently, DALSA and ARRI would enter into a technology partnership agreement whereby DALSA will develop for ARRI custom high performance CCD image sensors and related products. Furthermore, DALSA would supply the developed products to ARRI for digital cinematography applications through DALSA’s core businesses. Related to the transaction contemplated by the LOI, DALSA will endeavour to find a buyer for its Los Angeles based camera rental operations.
