Friday, August 01, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
French Carrier Iliad To Bid For T-Mobile
Google's Ambitious Secret Barge Project Was Scarped
Chinese Smartphones Boost Sharp's 1Q Operating Profit
HP's Luxury Smartwatch Coming This Fall
Tessera and Micron Execute New Technology and Patent License Agreements
Sony Releases The AS20 Action Cam, New Cyber-shots
Microsoft Releases New Limited Edition Wireless Mobile Mouse 3500 With Master Chief from Halo
Researchers Discover New Smartphone Flaws
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Digital Cameras > Konica ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 19, 2006
Konica Minolta to Stop Making Cameras


Konica Minolta, one of the world's leading photographic equipment makers, said it would stop making all cameras because the market had become too competitive.

The company plans to slash 3,700 jobs or about 11 percent of its global workforce by 2007 under a restructuring package that will also see part of its business making high-end digital cameras sold off to Sony.

Konica Minolta will also gradually stop making camera film by 2007 to focus on its more profitable optics and medical imaging activities.

"In today's era of digital cameras... it became difficult to timely provide competitive products even with our top optical, mechanical and electronics technologies," the company said in a statement on its website.

"For color film and color paper, while considering our customer needs, we will step-by-step reduce product lineup and cease our film production and color paper by the end of fiscal year ending March 31, 2007," it added.

Since July 2005, Sony Corporation and Konica Minolta Photo Imaging, Inc. have been working on the joint development of digital single lens reflex (SLR) cameras. Sony, Konica Minolta Holdings, Inc. and Konica Minolta PI announced today that they have decided to transfer a certain portion of Konica Minolta's assets related to digital SLR cameras to Sony.

Under this agreement, on March 31 2006, Sony will receive certain assets from Konica Minolta that are necessary for the development, design, production and so forth of digital SLR cameras compatible with Konica Minolta PI's ?Maxxum/Dynax lens mount system?. Sony will accelerate development of new digital SLR cameras based on and compatible with the Maxxum/Dynax lens mount system with a view to marketing these models this summer.

The announcement comes less than a week after Nikon unveiled plans to stop selling most of its film cameras to focus on hot-selling digital models.


Previous
Next
Sony Considers Live Feature For PS3        All News        ATI Releases Catalyst 6.1
Panasonic Lumix FZ7     Digital Cameras News      Fujifilm Upgrades Memory For the FinePix S3 PRO Camera

Get RSS feed Easy Print E-Mail this Message

Related News
GE and Konica Minolta to Show General-Lighting Quality Flexible OLEDs
Konica Minolta and Plasmon Form Strategic Alliance to Market Plasmon's UDO Archive Storage Solutions
Konica Minolta and Sony Cooperate On Digital SLR Cameras
Konica Minolta Unveils New Cameras
Konica Minolta Introduces the New 5 Megapixel DiMAGE X60 Digital Camera
Konica Minolta, Fujifilm, Kodak announce picture archiving and sharing standard (PASS) specification
Konica Minolta net profit down 13 percent for nine months
Konica Minolta Introduces the New DiMAGE Z5 Digital Camera
Konica Minolta Introduces the Speedy New DiMAGE Z20 Digital Camera
Konica Minolta unveil new Digital SLR camera
Sanyo announces the 5 megapixel Xacti VPC A5

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .