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Re: [OM] Olympus Pursues Standardized Mount for Digital SLR?

Subject: Re: [OM] Olympus Pursues Standardized Mount for Digital SLR?
From: "Titoy Colayco" <litefoot@xxxxxxxxxxxxxxx>
Date: Tue, 27 Nov 2001 07:29:40 +0800
Time to buy the last of the Made in Japan OM cameras?

----- Original Message -----
From: <GPaul64@xxxxxxx>
To: <olympus@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 27, 2001 6:43 AM
Subject: [OM] Olympus Pursues Standardized Mount for Digital SLR?


> Hi folks,
>
> Thought you might be interested in the following press item I stumbled
across.  Any thoughts/comments?
>
> Best,
>
> Greg L.
>
>
> JAPAN'S OLYMPUS TO RESTRUCTURE ITS DIGITAL CAMERA BUSINESS
>
> 11/22/2001
> Asia Pulse
> (c) Copyright 2001 Asia Pulse PTE Ltd.
>
>
> TOKYO, Nov 22 Asia Pulse - Olympus Optical Co. (TSE:7733) said Wednesday
it will restructure its loss-making digital camera business, hoping to
restore it to the point where it will break even on an operating basis in
fiscal 2002.
>
>
> The company will begin producing digital cameras in China and reduce the
number of models it offers to 10 from the current 15 in order to cut costs.
It also aims to increase sales of lenses, printers and other peripherals to
50 billion yen (US$406 million) in fiscal 2005 from the current 15 billion
yen.
>
>
> It will confer with other companies on the idea of standardizing lenses
for digital cameras to make them interchangeable.
>
>
> The company is also considering cooperating with Eastman Kodak Co. of the
U.S. in the area of Internet-based digital printing
>
>
> Olympus's revenues from digital cameras are seen growing 23 per cent to
135 billion yen in the current fiscal year, but an operating loss of 11.2
billion yen is projected -- the firm's second consecutive operating loss.
>
>
> Olympus has an assembly subsidiary in Shenzhen, China that will begin to
produce 30,000 cameras a month next spring.
>
>
> (Nikkei) 22-11 1254
>
>
>
>
>
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>


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