[DPR] Japanese news service lends support to Olympus OM rumors
Kyodo News International, a Japanese news service, is reporting that Olympus will introduce a 16MP camera based on its classic OM series. The news would tie-in with a recent Olympus press advert in the UK that highlighted the letters 'O' and 'M' in the text. The report suggests such a camera would sell for over ¥100,000 (around $1300) and feature 'high-speed autofocus and image stabilization functionality.' Meanwhile, Japanese financial newspaper Nekkei is reporting that Sony is considering investing in Olympus and forming a business alliance. Fujifilm which, like Olympus, has extensive medical interests is also rumored to be interested.
The company's share price has risen since Friday's announcement that the Tokyo Stock Exchange has taken it off its supervisory watchlist. The TSE fined the company ¥10m ($130,000) for violation of disclosure rules in such a way that it 'damaged shareholder and investor confidence' in the stock exchange. The company's share remain on the TSE 'alert' list.
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