Olympus chairman and president Tsuyoshi Kikukawa resigned today after the company stock got hit hard based on fraud accusations made by the former CEO Michael Woodford. Tsuyoshi Kikukawa issued an apology but still denied any wrong doing. You can see the official statement from Olympus here. Via Bloomberg
From NYTimes – now the FBI is investigating the questionable Olympus deal: The F.B.I. is now investigating the $687 million payment, according to two people briefed on the case. The focus of the investigation is not yet clear, and a spokesman for the F.B.I. in New York, James M. Margolin, declined to comment. “We are not aware of […]
Few quick updates on the Olympus fraud accusations by their former CEO Michael Woodford: “Ousted Olympus Corp chief executive Michael Woodford is consulting police over whether he needs protection after passing “new information” to British fraud investigators about the Japanese company’s irregular payments to advisory firms” (Reuters) “The veteran banker, Hajime ‘Jim’ Sagawa, owned an obscure U.S. […]
Today Olympus released an official response to the fraud accusations brought by the former CEO Michael Woodford:
From what I’ve read online, it seems that Olympus got themselves in a big mess. Reportedly, Olympus paid over $675 million (that equals to almost two years company’s earnings) to unknown accounts in the Cayman Islands. The company that received the payments disappeared two weeks later. The payments were supposed to be a commission for […]
Photojojo added to their store a new Lo-fi lens for Micro Four Thirds cameras: 25mm lens with an aperture range of f/1.4 to f/16 Manual focus Two pieces: lens and C mount adapter Focuses down to 0.3 meters Lens length is 4cm; weighs 300g 37mm diameter 25mm focal length which is like having a 50mm […]
Here are some interesting stories from last week: New Eneloops rechargeable batteries keep their charge for over 5 years. Check out also this post about the best AA batteries for photography. Apple’s iPhone 4S has a Sony sensor. Sony’s CEO was right and so was the Apple employee who published a picture taken with the new iPhone 4s on flickr before […]
Olympus patent for contrast AF mount adapter: Canon patent for wireless TTL flash and multi camera sync:
Panasonic patent for RGB color separation Panasonic patent for extending zoom range by cropping (digital zoom) Panasonic patent for reflective mirror AF to improve speed Panasonic patent for bouncing flash unit Olympus patent for global shutter Olympus patent to achieve a very fast flash sync speed Pentax patent for a sensor that reduces ghosting Canon […]
Today Olympus announced the previously leaked VF-3 electronic viewfinder and the pricing of the PEN E-PL3 camera that was announced few weeks ago. The price of the VF-3 will be $179.99. The Olympus PEN E-PL3 with 14-42mm Zoom or 17mm prime lens will cost $699.99. Olympus announced also a new Olympus SP-810UZ Ultra Zoom camera. Full […]
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