Digital Camera News: Panasonic L1 Firmware Update, Pentax and Hoya Merger Update
by Ben Stafford -  4/10/2007

Panasonic Lumix DMC-L1 Firmware Update

Panasonic has rolled out an update for users of their L1 digital SLR. The new firmware improves exposure, white balance, AutoReview, and zoomed image playback. Here's the full list of enhancements (from the press release):

You can get the update here:

Pentax, Hoya Merger News

Bloomberg is reporting on some hiccups that are affecting the Pentax and Hoya merger that was announced back in December. On April 4, the Pentax board voted to cancel the merger with Hoya. Two days later, Hoya decided to raise the takeover bid. The tentative new offer is worth about 17% more than the previous bid that would have paid Pentax shareholders with 0.158 Hoya stock. The new offer will pay cash - 770 yen per share to Pentax shareholders. The Hoya board will meet to determine the exact offer, so the 770 yen number may be revised.

On this news, Pentax stock rose 9.1 percent to 800 yen per share, its biggest gain in 18 months. Also, after the Pentax board rejected the previous bid from Hoya, it was announced that Pentax President Fumio Urano and Chief Financial Officer Katsuo Mori will resign in May.

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