ISSUE NO. 886
THE MAGAZINE THAT UNDERSTANDS THE WORLD OF IMAGING, PAST, PRESENT AND FUTURE
News Canon Launches Forum Canon has launched its own online forum, offering Canon photographers a place to discuss their kit and photography. The new forum builds on the success of the company’s 200,000+ likes on Facebook and over 5,000 subscribers on YouTube. Canon USA VP Yuichi Ishizuka said “We are excited to offer our customers a place to ask questions, interact and learn more from their fellow Canon users. With the rise of social media, Canon recognizes the importance of connecting users to each other.” The five main sections of the forums are: Camera, Printer, Cinema EOS, Camcorder and General Discussion, and there is a ‘Kudos’ system, similar to Facebook’s ‘like’s, which allows forum users to see the popularity of posts.
Cooke Rebrands Panchro Range Cooke Optics is to rebrand its Panchro by Cooke range as the Mini S4/i range. “When we launched the Panchro by Cooke range in 2009, we were paying tribute to the original Cooke Speed Panchro lenses built in the 1920s. It made sense to us to invoke a legendary Cooke brand name,” explains Les Zellan, Chairman and Owner, Cooke Optics. “However, in response to our customers’ feedback we have decided to rename them. Many people are calling them Mini S4’s anyway, because they provide the same high quality and benefits of the S4/i lenses.”
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www.pixel.co.uk
27/11/2012
COMET ADMINISTRATION: REDUNDANCIES CONFIRMED Deloitte have been appointed Administrators to Comet; stores are remaining open but redundancies are being made. Comet, which is headquartered in Rickmansworth, operates out of 236 stores across the UK, and employed 6,611 people until the administrators announced that they were making 330 Comet Stores are remaining open employees redundant, the majority of whom work in head office and central functions, such as finance and marketing, or the call centre in Clevedon. Like many other retailers, Comet has been hit hard by the uncertain economic environment, slow consumer spending and lack of consumer confidence. The electrical retail sector has been particularly challenging, with fewer people buying big ticket items, and fewer first time property buyers who have historically been an important market for the Company. Comet has also struggled to compete with online retailers. Against a backdrop of continuing weak sales, and speculation that Comet was being approached by prospective buyers, suppliers
have been reluctant to provide credit terms, which has had a negative effect on cash flow. The inability to obtain supplier credit for the peak Christmas trading period, means that the Company had no realistic prospect of raising further capital to build up sufficient stock to allow it to continue trading. As a consequence of all these factors, the Directors of Comet had no choice but to seek Administration. Neville Kahn, Joint Administrator and restructuring services partner at Deloitte, commented: “Our immediate priorities are to stabilise the business, fully assess its financial position, and begin an urgent process to seek a suitable buyer which would also preserve jobs. In the meantime, all stores will continue to trade and all employees will continue to be paid. We appreciate the cooperation and support from the management, staff, customers, landlords and suppliers at what is clearly a very difficult time.” www.comet.co.uk
Olympus Profits Despite Imaging Loss Olympus have recorded profits of nearly £100m for the quarter to September, in spite of an operating loss in the camera category due to declining compact sales.
The firm’s report said that the 2.9 percent year-on-year rise in operating profits could mostly be attributed to growth in the medical systems division. The sudden profit spike was also due to the profits made from selling off ITX Corporation’s Information & Communication Business. Over the past quarter, the corporation’s overall operating income increased by an impressive 29.5 percent. The imaging part of the business made an operating loss of 2,904m yen (£23m) and net
sales fell by 21 percent in six months. This was largely due to the decline in compact camera sales, even though CSC sales exceeded expectations. The OM-d in particular has performed better than expected so far, and the CSC market worldwide is continuing to grow. Olympus has confirmed that it will be shifting focus away from lower end compact cameras and onto high end compacts and CSCs in the future.
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Capture all the action with 12 framesper-second shooting, 1080 Full HD movie capture and continuous autofocus for movies and stills. www.pixellive.co.uk
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BEST IMAGING INNOVATION Sony SLT, Translucent Mirror Technology
www.sony.co.uk/alpha57
20/11/2012 13:56