On the heels of Kodak filing for bankruptcy, digital camera manufacturer Olympus is having its own financial problems.
Olympus is having problems with cash flow, and the company admitted to accounting irregularities late in 2011. The stock has lost more than half of its value, and some stockholders are filing suits against Olympus in Japan. The Tokyo Stock Exchange considered de-listing Olympus, but allowed the company to keep its listing after paying a fine.
Fujifilm and Sony are considering providing investments into Olympus, so this will be an interesting situation to continue to watch going forward. The company's problems shouldn't affect the day to day operations of Olympus, nor should it affect those who own Olympus cameras.
Logo courtesy Olympus
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