I know the camera and film business has been weak ("has been weak" = euphemism for "sucks"), but Konica and Minolta are huge brand names (I was unaware that they had merged a couple years ago).
They are selling a portion of the camera business to Sony, dumping the rest of it immediately, and getting out of the film business (they're #3 worldwide) by early next year.
By ditching the unprofitable operations, Iwai said the company could focus resources on more promising areas such as color office copiers and liquid crystal display materials, medical equipment and optical devices.They lost over $400mil last year.
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