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October 25, 2011
Posted in news

Photo competition by Olympus UK (and latest Olympus refurbished camera deals).

Ian Burley from Fourthirds-user.com kindly sent me this:
Dear 43rumors
I want to make sure that you don’t miss out on an opportunity to enter either (or both) the new photo competitions we are currently running in conjunction with Olympus UK and featured on our two Four Thirds and Micro Four Thirds interest sites:.
The first is aimed at Olympus Pen and other Micro Four Thirds camera users using Olympus m.Zuiko lenses.You can find full details here:
http://e-group.uk.net/forum/showthread.php?t=17394
The second is for Olympus E-System DSLR users and other Four Thirds DSLR photographers using Zuiko Digital lenses. Details are here:
http://fourthirds-user.com/2011/10/update_olympus_esystem_fans_this_competition_is_for_you.php
Each competition has a top prize of £500 worth of Olympus camera gear of your choice. But even if you don’t get the big prize, you have a very good chance of receiving a copy of a limited edition photo book that will feature many of the images entered.
The competition closes at the end of the last day of this month, so there is no time to waste!
Good luck!
Ian Burley

And here are the very last refurbished Olympus camera and lens deals europeans can buy at Olympusmarket:
Olympus E-PL1 with double lens kit
Olympus E-PL1 with kit lens
Olympus E-450 with kit lens
Olympus E-PL2 with double lens kit
Olympus 17mm pancake
White Olympus XZ-1
Black Olympus XZ-1
Olympus E-450 with double lens kit
Olympus E-PL1 with kit lens
Olympus E-PL2 with kit lens
Olympus E-450 with kit lens
Olympus E-PL1 with kit lens
Olympus E-PL1 with kit lens
Olympus E-PL1 with 14-150mm lens
Olympus E-PL1 with kit lens
Olympus E-PL1 with kit lens
Olympus 14-150mm lens

October 24, 2011
Posted in news

Also FBI is investigating the Olympus advisory fee story.

Sorry to wake you up with another bad news for Olympus. The story is developing very fast and there is a news that will bring more worries for shareholder. Reuters reports that the “U.S. Federal Bureau of Investigation is probing the massive advisory fee paid by Japan’s Olympus Corp in its takeover of a British company“.
And what is Olympus response? “Olympus has today denied reports that the fees controversy engulfing the firm could be linked to the criminal underworld (Source: AP).

Wow! Olympus you have to do more than that. Your shareholders are not believing in you anymore! Even today you lost $6,81 of your value (see screenshot on top. Source: Bloomberg.). If the shares keep falling like that an acquisition by others could become likely…

October 22, 2011
Posted in news

Olympus $687 advisory fee sets new record (Reuters).

Now, here is a news that will make cry the current Olympus shareholders (and me too). According to Reuters: “The payment is the largest M&A fee ever made…surpassing the previous record of $217 million involved in the 70 billion-euro takeover in 2007 of ABN AMRO by RFS Holdings, a vehicle set up by Royal Bank of Scotland and others.” and “The payment is equal to about a third of the acquisition price, jaw-dropping by normal standards where advisers usually take home about 1 percent or less of the transaction value for their M&A advisory services.

Big Olympus shareholders made a lot of pressure on Olympus and as consequence ”Olympus is setting up an ‘independent committee’, made up of lawyers and accountants, to investigate controversial acquisitions following claims made by its ousted CEO“. (Source: AP).

The story never ends. First Olympus “declined to identify the advisers and said it no longer knew of their whereabouts.“. But Reuters found the answer after one day only: “A former Wall Street banker of Japanese descent (veteran banker, Hajime ‘Jim’ Sagawa) has emerged as a key figure in the scandal engulfing Japanese blue-chip firm Olympus Corp, according to documents provided by the firm’s ex-CEO.”

And than we have another news: “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.” (Source: Reuters).

I think what we are experiencing here will lead to a revolution inside Olympus. The market doesn’t trust the board anymore and that situation cannot last. On the positive side, this may be the BIG chance for Olympus to make a new start with new managers and new ideas. I think within the next couple of months we will see huge changes!

 

October 21, 2011
Posted in news

A nice and fake GX1 camera :)

Our friends from Blog.livedoor managed to make a nice (of course fake) design of the GX1. Actually, I would love to see a camera like that for real! It is as sexy as the Panasonic LC1 (but without viewfinder).

I am working to get some more specs and if we are lucky also some pictures of the REAL camera. As usual feel free to help me with the search by scanning the web for leaks. Drop me a message at 43rumors@gmail.com if you find something! Thanks!

October 21, 2011
Posted in news

Olympus Woodford vs Managment saga continues…

Olympus Tokyo released a statement that can be read here: http://www.olympus-global.com/en/corc/ir/tes/pdf/nr111019.pdf . In short, Olympus says that while the facts MR. woodford are presenting are true “his report contains a large amount of material that is based on supposition and speculation and the company believes its content is at variance with the facts and open to misinterpretation’“. And: “Olympus confirmed that Woodford ‘remains a director of the company at this point in time”.

And here is the very serious part of the story: According to Amateur Photographer: “It could be several weeks before the Serious Fraud Office (SFO) decides whether or not to launch an official investigation into claims made by former Olympus CEO Michael Woodford.

And the very very very serious part is that Olympus shares value is still falling down and down and down: http://www.bloomberg.com/quote/7733:JP

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