The stock, any way you slice it, is attractive at this stage,

Olympus has no printing capability. Opal and Onyx would give them the printing capability.

They don't have a history as a digital company but they have the three requirements to support it: technology, management and ? more important probably than anything ? distribution. Their deliverance cannot happen in one quarter, in one year, but they have the best name in imaging and their quality continues to be proven out.

Wal-Mart isn't a home run.

Any way you slice it, it doesn't look good.

It's not what our eyes shows us, It's what we want to see.