[Leica] Leica and Matsushita of Japan

[Thinkofcole at aol.com (Thinkofcole@aol.com)]

Leica Camera AG announced today [ Feb. 24, 2006]  that it had signed a 
memorandum of understanding with Matsushita Industrial  Company, Ltd. of 
Japan to 
continue cooperating on digital cameras, as in past  years.  It decribed its 
joint efforts as "optical technology." 
 
Leica added that they do no intend to invest in each other's stock or to  
merge their operations. {regards, bob cole}
 
 
Here is the full announcement: 
Dear Leica friends,

Leica Camera AG (ISIN DE000A0EPU98/ISIN  DE000A0EPU72), Solms, and 
Matsushita 
Electric Industrial Co. Ltd.,  Osaka/Japan, have signed a memorandum of 
understanding on the continuation of  their cooperation in the field of 
optical 
technology for digital still cameras  on 24 February 2006. Both partners add 
their respective know-how and create real  synergies in producing cutting 
edge 
digital products. The major objectives  include a further prolongation of 
their 
cooperation based on the successful  fruits proven so far on the course of 
cooperation in past years. Mutual  shareholdings or further business 
integration 
are not intended.

With best  regards,
Leica Camera AG
Corporate  Communications
http://www.leica-camera.com/