Olympus to reduce camera range

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According to sources in Japan, Olympus plan to reduce their camera range in the face of the investment loss scandal which has rocked the camera and medical instrument maker. Reports say the despite proposals by rivals, including Fujifilm and Sony, the company is considering plans to restructure alone possibly dropping their compact camera business and concentrating on their more profitable lines; the micro four thirds PEN series cameras and lenses. Last year Olympus was shaken by an investment loss scandal hiding 118 billion Yen dating back to the 1990s.

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