Konica Minolta withdraw from camera business

[Bellamy]

Konica Minolta withdraw from camera business

This has to be the biggest and most shocking news before the upcoming PMA show, Konica Minolta has today announced that it is withdrawing from the camera and photo business. They will be transferring assets related to their camera business to Sony who will continue to develop digital SLR's based around the Konica Minolta lens mount. Konica Minolta it appears will continue to work with Sony (a relationship announced last year) in the development of digital SLR's and lenses but they will not be branded as or be sold by Konica Minolta.

Full announcement and details of the Sony asset transfer here:

http://konicaminolta.com/releases/2006/0119_03_01.html

http://konicaminolta.com/releases/2006/0119_01_01.html