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Olympus quits low-end camera business

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Olympus announced that it has decided to stop production of its low-end V series of compact cameras, facing increased competition from smartphones with improved photographic capacity.

Last Updated ( Monday, 10 June 2013 17:07 ) Read more...
 

Sony gets first annual profit in 5 years

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Sony revealed that it had taken its first annual profit in 5 years. The weakening Yen made Sony’s products cheaper for overseas buyers, and boosted product sales.

Last Updated ( Friday, 07 June 2013 17:36 ) Read more...
 

SanDisk and WD to collaborate on future project

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Western Digital and SanDisk Corporation announced that the two companies are collaborating on a project that will attempt to bring hybrid storage devices to the market, combining SanDisk’s flash memory technology and WD’s hard drive technology.

Last Updated ( Friday, 07 June 2013 17:38 ) Read more...
 

Brother to buy Kodak’s scanner business

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Brother Industries Ltd. announced on April 15 that it will buy the document imaging business of Eastman Kodak Co., including scanner operations, for about $210 million. Brother and Kodak have signed a preliminary contract for the purchase, that will be carried out if Brother wins a court-supervised auction for the business, as Kodak is currently in a court-led rehabilitation process.

Last Updated ( Monday, 10 June 2013 17:07 ) Read more...
 

Sharp achieves operating profit projection for FY12

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Sharp Corp. that had secured a combined 360 billion yen (US$3.673 billion) in loans from its two main banks in September last year on a condition that it would turn an operating profit in the second half, likely generated slightly more than 20 billion yen (US$204 million) in group operating profit in the FY12 2nd half (October-March 2013), surpassing the standing projection of 13.8 billion yen (US$140.8 million). It cut labor costs in the second half by offering early retirement packages to about 3,000 workers and lowering the salaries and bonuses of remaining employees.

Last Updated ( Thursday, 16 May 2013 14:54 ) Read more...
 
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