“Japan’s Olympus Corp. said on Wednesday that it planned to shift the focus of its digital camera business away from compact models and sell more high-end single lens reflex cameras to boost profitability,” Reuters reports. “The Tokyo-based company also said that it would halt production of portable digital music players, unable to keep up with stronger players such as… Apple Computer Inc. in the fast-growing market.”

Full article here.

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Remember all the hoopla last January about Olympus’ Super Bowl ad for their new iPod killer? The Olympus bath… er, m:robe is no more. Does anyone know a single soul who bought one?

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