Serious fraud at Olympus alleged, share price plummets 50% as crisis escalates

UPDATE: Olympus have issued this statement in response to the serious fraud accusations filed in the UK (via PhotoRumors)

Olympus recently employed an outsider in their ranks, a British CEO. He had helped to restructure the loss making camera division and was hands-on in going about it. This had begun to upset the conservative management in Tokyo who, in a shock move, decided to fire him unanimously.

Now it appears the true reason for his firing was that he’d uncovered a huge skeleton in the closet.

Read moreSerious fraud at Olympus alleged, share price plummets 50% as crisis escalates

Canon 1D X – EOSHD’s Take

Sample movie clip from the 1D X now online

Canon have announced the $6800 Canon 1D X designed for professional news and sports shooters. It is far more a successor to the 1D Mk IV than the 1DS although officially Canon say it represents the merging of the two lines. Really, the 1DS replacement will be the 5D Mark III with a higher megapixel count.

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First video from DIGIC 5 airs

DIGIC 5 is the chip Canon is expected to use in the Canon 5D Mark 3 and the new 1D. It has Canon’s latest noise reduction and video encoding technologies that the R&D division has spent the last few years working on. Unlike many manufacturers Canon have quite a slow refresh cycle on core technology like sensors and image processors so when they do take a step forward it’s a pretty big leap.

Read moreFirst video from DIGIC 5 airs