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Olympus

Olympus confirms 7 percent reduction in workforce

As expected, Olympus has confirmed that it'll be reducing its workforce by 7 percent, as the company tries to regain its footing in the wake of its crippling scandal.

According to Olympus, the company will cut 2,700 employees from its global workforce between now and March 31, 2014. The move is part of a broader restructuring that could see major changes across the company's subsidiaries, global production sites, and other divisions.

The cuts Olympus plans to make are actually a bit deeper than expected. Last week, Japanese news outlet Nikkei Business Daily reported that the company would cut approximately 2,500 jobs from its payroll. … Read more

Ultracompact megazoom cameras compared

Zoom lenses sell cameras these days, so it's no surprise that manufacturers are doing everything they can to get longer lenses into increasingly smaller bodies.

A 3x or 5x zoom lens used to be the standard for ultracompact cameras -- those measuring 1 inch thick or slimmer -- but in 2012, you can easily find a skinny point-and-shoot with a 10x optical zoom.

The frontrunner here is the sub-$250 Sony Cyber-shot DSC-WX150 thanks to its excellent features, fast autofocus, and the quality of its pictures and video (though its color accuracy could be better). Most of the category consists of sub-$200 cameras, though, so there are several options if you're just looking for a simple pocket camera with a long lens.… Read more

Olympus eyes layoffs, equity stake sale in wake of scandal

After a massive scandal left the company in shambles, Olympus is trying to pull itself out with layoffs and a possible equity sale, according to a new report.

According to Japanese news outlet Nikkei Business Daily, Olympus plans to cut 2,500 jobs from its payroll, representing about 7 percent of its total workforce. In addition, it hopes to sell a portion of its business to fellow Japanese giants Panasonic or Sony to raise some cash, Japanese papers are reporting today, according to Reuters. Olympus is reportedly ready to hand over about 10 percent of equity for hundreds of millions … Read more

Olympus reveals fast telephoto prime lens

There's not a lot to say here, except that this lens, with its effective focal length of 150mm on the Micro Four Thirds system and a fast aperture of f1.8, sounds like a great addition to the pool of MFT lenses.

Olympus doesn't currently have any fast telephotos in its MFT lineup -- just some really clunky, slow zooms, and Panasonic's best equivalent only goes as low as f2.8 (for about the same $899.99 price). Olympus' 45mm f1.8 is one of my favorite MFT lenses, and this looks pretty similar. I can't wait to give it a shot, so to speak.… Read more

Camera jewelry that (almost) works

With the recent hike in the price of film, plus digital photography so easily accessible, film cameras just aren't very common these days. But if you can't shoot with film, why not create wearable art pieces dedicated to the film cameras we love?

Jeweler Luke Satou has done just that with new handmade jewelry that's made in the likeness of an Olympus Trip 35 film camera. What separates this from the conventional trinkets is that it has parts that actually work. You'll be able open its film back, advance the film winder, and turn the rewind knob, too. … Read more

Exclusively for CNET users: Big savings on the perfect presents for Mother's Day!

Mother's Day is less than two weeks away. In honor of May being National Photography Month, we decided to find some great deals on photography gifts for mom! Our friends at NewEgg.com are hooking up the CNET audience with a Mother's Day camera bundle with everything mom needs to start capturing memories at 50 percent off. And the folks at Serif are giving us an unbeatable deal on the Serif Creativity Collection Software at a whopping 97 percent off.

Get mom the rough-and-tumble Olympus TG-310 Blue 14MP Digital Camera, which comes with a free 4GB memory card … Read more

Former chairman, six others arrested over Olympus scandal

Japanese lawmakers went on an arrest spree today, nabbing seven people who were allegedly involved in the Olympus accounting coverup.

According to the New York Times, Tsuyoshi Kikukawa, former Olympus chairman and president, was among the men arrested in Tokyo today. Japanese prosecutors told the Times that Kikukawa and two other former Olympus executives, have been detained on suspicion of falsifying financial statements. Two investment bankers and two of their associates were also arrested for alleged involvement in the coverup.

Olympus' trouble started in October when the company--led by Kikukawa--fired president and CEO Michael Woodford. Following his dismissal, Woodford presented documents to the mediaRead more

Olympus releases LS-100, high-end audio recorder

The folks from Olympus Audio were camped out yesterday at Cafe Wha? in Greenwich Village for some quick press demos promoting the release of the LS-100, the company's new high-tech audio recorder that retails for $399.99.

The LS-100 is geared toward musicians, so, not surprisingly, Olympus had a musician on hand for the demos: Dia Frampton, last year's runner-up on "The Voice," gave a short performance with sister Meg for an audience of six (two journalists and four Olympus reps), as press appointments were staggered in half-hour slots.

The company also showcased the step-down model, … Read more

Olympus tunes up its top compacts with the SZ-31MR iHS, TG-820 iHS

Completely overshadowed by the announcement of its OM-D E-M5 interchangeable-lens camera, Olympus also updated a couple of its high-end point-and-shoots, the 24x SZ-30MR and Tough TG-810.

The SZ-31MR iHS retains its predecessor's compact design and 24x f3-6.9 25-600mm lens (35mm equivalent), but improves its LCD, image processors, and sensor.… Read more

Olympus brings OM series into the 21st century (hands-on)

Much as it did when launching the PEN series of Micro Four Thirds cameras, Olympus trots out another beloved film brand and updates it for the digital age. This time out, though, Olympus frames enthusiasts squarely in the scene.

When Olympus revived the venerable PEN brand with the PEN E-P1 in 2009, I suspect its product planners were a bit taken aback by how well it was received by prosumer photographers and slightly dismayed by its failure to become a blockbuster among the coveted point-and-shoot crowd.

This time around, Olympus' reincarnation of its OM film line targets those enthusiasts who've proven to be either Olympus loyalists or fans of the Micro Four Thirds (MFT) interchangeable-lens standard. And while I'm not fond of the nomenclature--the first model is the overhyphenated OM-D E-M5--Olympus certainly deserves points for style. … Read more