| Digital Camera shipments to U.S. up 22 percent
NEW YORK (Reuters) - Shipments of digital cameras to the United States in the third quarter rose 22 percent, driven by demand from consumers replacing older models at discounted prices, according to industry data.
Research firm IDC, in its quarterly report, said camera makers shipped 8.4 million units, fueled by customers desire for fashionable models with new features such as image stabilization.
Japan's Canon Inc remained the top selling brand, with a 23 percent market share. Next was Sony Inc at 18 percent, while Eastman Kodak had a 15 percent share, IDC said.
South Korea's Samsung saw its U.S. market share halved to about 4 percent, IDC said.
IDC analyst Chris Chute said he expects Kodak to have a strong fourth quarter, benefiting from promotional deals during the holiday shopping season.
Olympus acquires Gyrus
GYRUS, the UK-based keyhole surgery specialist, has agreed to a £935 million takeover deal by Japan's Olympus group. The digital camera maker, which is also the world's top maker of medical endoscopes, said the acquisition would boost its range of tools that remove or treat tissue in a less invasive manner than traditional surgery. This article: http://edinburghnews.scotsman.com/business.cfm?id=1828992007 Last updated: 20-Nov-07 12:00 GMT .
Olympus snaps up ‘synergistic’ Gyrus for £935m
KEYHOLE surgery equipment maker Gyrus yesterday said it had agreed to be bought by Japanese camera giant Olympus in a deal valuing the firm at £935m. Shares in Gyrus, which has its UK manufacturing base in St Mellons in Cardiff, soared 52% to 608.5p on news of the offer, which will see Olympus pay 630p a share for the firm. Olympus, although well known for its digital cameras, is also one of the world's largest medical camera makers. The deal is set to further expand Olympus's medical division and leverage its position in America, where Gyrus has a significant presence. Gyrus, which was at one time headquartered in Cardiff and remains closely linked to the city, employs around 1,600 staff across the world, led by chief executive Roy Davis, recently promoted after nearly four years as chief operating officer.
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