Friday, January 20, 2006

Konica Minolta, too

First Nikon, now Konica Minolta.

From the New York Times:
TOKYO, Jan. 19 (Reuters) - Konica Minolta Holdings said on Thursday it would withdraw from the camera and color film businesses, ending one of the best-known brands in the photography world.

As part of the surprise move, Konica Minolta said it would sell a portion of its digital single-lens reflex camera assets to the Sony Corporation for an undisclosed sum and cease production of compact cameras by March.

The company said it would stop making photographic film and color paper by March 2007, withdrawing from a market that has been shrinking more than 20 percent a year as a result of the spread of digital cameras.


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