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[OM] Kyocera Dumps Cameras

Subject: [OM] Kyocera Dumps Cameras
From: Winsor Crosby <wincros@xxxxxxxxxxx>
Date: Thu, 03 Mar 2005 10:10:33 -0800
 From dpreview.com news:

Sources at Kyocera have confirmed that the company is to cease 
production of film and digital cameras, putting a huge question mark 
over the future of one of the oldest brands in photography, Contax. 
Contax cameras have been produced since the early 1930's, when the 
brand was launched by German optical legend Zeiss Ikon. Contax joined 
forces with Japanese manufacturer Yashica in the 1960's, becoming part 
of electronics giant Kyocera in the mid-1990's.


  Kyocera has had some success in the digital camera market with models 
bearing Yashica, Kyocera and Contax branding, though the company's 
first foray into the digital SLR market (the Contax N Digital) was 
widely regarded as an expensive failure. There is some confusion over 
the future of the Contax brand, or the widely anticipated digital 
rangefinder (G digital) and Mark II 645 cameras. When we spoke to a 
Kyocera UK representative at the UK's Focus on Imaging exhibition this 
week, it was made clear that there may well be a future for Contax 
under another owner, with one rumor mentioning Sony as a potential 
buyer (the company already uses Carl Zeiss branded lenses on some of 
its digital compacts).


  Kyocera has already stopped production of film and digital cameras, 
and the various international operations are being prepared for 
closure. The reasons given were purely market-related (in other words 
not because of financial difficulties), with Kyocera now concentrating 
on its mobile phone and semiconductor business.

  Kyocera Corporation, parent and global headquarters of the Kyocera 
Group, was founded in 1959 as a  producer of advanced ceramics. By 
combining these engineered materials with metals and plastics, and  
integrating them with other technologies, Kyocera has become a leading 
supplier of telecommunications  equipment, cameras, laser printers, 
copiers, solar energy systems, semiconductor packages and  electronic 
components. During the year ended March 31, 2004, the company’s net 
sales totaled $10.969  Billion with net income of $654.673 Million.



Winsor
Long Beach, California, USA
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