rrr_hhh: I read Woodford's interview and what he says sounds wrong. He has sour grapes and plays the victim's role, but he just sounds like an angry looser, trying to harm Olympus as much as he cans. He sounds like a manipulator and insinuating things for which he has no proof (like the involvement of the Japanese mafia).He making a meditation retreat with Buddhists ? And giving his money to charity ? Let me laugh, it is not because you stay three days with Buddhists that what you did before was right and how much did he give to charity ? Many people are giving to charity ! And even if he gave half of what he received he still got way more money from Olympus than what most people earn in 20 years ! I will believe it when I see the list of beneficiaries and how much each actually received and testimonies of what they could achieve with his gifts. Poor soul ! He may have uncovered real problems, but he used the wrong way to solve them : he just tried to use them to his own advantage.
I'm not a fan of Woodford and agree that he could have handled things better. But one only has to look at the huge severance packages received by CEOs to know that he could have quietly walked away with more than enough money to retire in comfort. I think it is also fair to assume Oly would have paid him nicely if he had left the company with a non-disclosure agreement.Examples: Lee Raymond Exxon $321 million; Tom Freston Viacom $100 million after only 9 months on the job.
CameraLabTester said:>His severance paycheck is intack.
We live in an age where the average CEO of a major company makes over $5 million/year and US football coaches are the highest paid public employee in many states. There was an article in the NY Times today about the fact that major universities pay $5-$10 million in severance pay when they fire a football coach. The fact that Woodford walked away with $10 million (give or take) is nothing exceptional.
akula57: So, Sony & Panasonic have non-investment grade debt ratings. And, I assume,Olympus does. I used to work for a rating agency and that is certainly a problem. So is Japan's demographic problem (too many retired people and too few kids).
Buy bonds (and maybe even products at your own risk). Check the S&P and Moody's ratings first (Warranty work, returns.)
Have you heard Apple may soon be making DSLRs in China? :-)
Since you are lumping Olympus in with the other Japanese electronics companies, it would appear that your comment has nothing to do with Woodford and the scandal.
Many people have made a lot of money by investing in junk bonds as did those who invested in Olympus last year when their stock was selling for 35% (484 Yen) of what it is worth today (1,370 Yen).
The Oly scandal was of some interest while things were unfolding, but now it is yesterday's news. Woodford has his money and will soon be forgotten. I can't imagine why anyone would want to read his book and the comment in the article about a possible movie is nothing more than PR.
I'm sure this camera has a lot going for it and will do very well, but personally think most buyers would be better off with 16MP
Elaka Farmor: XZ-2, LX7, S110, P7700. All very similar image quality. Choosing between these is more about personal preference, thats it.
If you want another compact with better IQ and higher resolution than these above, there is camera for that too.....
@Rachotilko: While your point is well taken, I think it makes more sense to compare the low light capabilities of these cameras based on their FF equivalent aperture ranges. For example, the RX100 has a FF equiv. range of F4.9-F13.4 versus the ZX-1's F8.5-F11.8. IMO the RX100's advantage at 28mm of 4.9 vs 8.5 is more significant than the ZX-1's tele advantage of 11.8 to 13.4.
@RachotilkoLow light ability is affected by both a camera's widest aperture (fast lens) and its sensor size.
"But overall we're not convinced the 18-300mm offers sufficient advantages to justify the size and price premium over its main competitors."
Good review, except for the rating. While DPR did a good job of noting the positive and negative aspects of this lens, the overall evaluation made me very surprised that it got a 75.
Roland Karlsson: Hmmm ... I say it again. Panasonic and Sony and Olympus are blocking the small system camera market with Lumix (m43) and NEX (APS-C) cameras and Olympus (m43). It seems like other camera makers, except maybe Samsung, cant get in.
The Canon EOS M is selling very well in Japan--for reasons I don't understand. It was the 4th best selling "DSLR" in the BCN rankings a couple of weeks ago and is currently 8th. It will be interesting to see how it does once it is widely available elsewhere.http://bcnranking.jp/category/subcategory_0008.html
rhlpetrus: Interesting, I wonder where the Sony-Zeiss partnership will go, now that Oly is coming with their lens tech. Anyway, one more of th eoriginal photo companies being taken over (not yet, but eventually) by one of the electronics giants. Only Nikon remains, Canon itself has become an electronic giant.
Sorry, but I disagree. The Mitsubishi Group consists of a range of autonomous companies. Nikon is an independent company that is one of the 225 companies listed on the Japanese stock exchange.
Why do you think an investment that gives Sony 11% of Oly's stock means that they will eventually take over Olympus?
W5JCK: I'm not sure why folks are discussing this as if it is a camera + phone. There is NO phone radio, only WiFi. And WiFi outside of your home will be almost impossible to use unless you find a hotspot. And using Android 2.3 was stupid. Android is a POS limited OS that is a PITA to use. Every Android device I've ever used suffered from severe battery drain due to the OS. If you think your current camera's menu system sucks, wait until you have to navigate the totally non-intuitive menus of Android! This camera will be such a disappointment that I predict it will be replaced faster than the average cellular phone. I hope Nikon and the stores that sell it have a generous return policy!
If you want to be able to send crappy pictures of your dog licking himself to your friends on Facebook, just use your cellular phone camera. Pictures destined for Facebook are in no need of a decent camera to create, and certainly not a 16MP camera.
How many Android devices have you used? If you hated your first one so much, why did you get another. I have no problem getting 18-24 hours of battery life on my Galaxy S2. That may not meet your needs, but it does mine.
HowaboutRAW: Dear DPReview, the Leica M8 and the Epson R-D1 predate the introduction of whatever y'all are calling the first interchangeable lens mirrorless, and that Epson by a lot.
Barney, Just curious about your reaction to Panasonic's floating the acronym DSLM. We've yet to hit on something that everyone feels comfortable with and DSLM has the advantage of indicating that the format is similar yet different to DSLRs.
"The researchers believe that within five years, as the electronic components of the cameras become miniaturized and more efficient, the next generation of gigapixel cameras should be available to the general public."
thinkfat: Interesting. Banding with only one particular lens. The metering program could be wrong with a f/1.7 lens, like underexposing the sensor and digitally pushing the image with banding appearing.
I wonder if this has anything to do with interference between the lens and whatever it is that causes the constant humming noise on the E-M5. If it is something of this nature, I would think it would be very difficult to fix.
ZAnton: In this combination m4/3 neither smaller and lighter, nor cheaper than conventional APS-C cameras, but with serious penalty for IQ, especially DR and ISO. So what is the sense? Another toy for crazy techno-geeks?
ZAnton--We are still waiting for you to give us a example of a smaller and light APS-C camera.
There is a spelling error in the last paragraph in your overall conclusions section: cheif should be chief.
Why haven't you also started a thread in D4-D1/D800 forum? This seems to be established DPR practice.
Thanks, Richard and Timur! This guide clearly shows that you think the E-M5 is a special camera.
photo nuts: The truth is up until the release of the E-P3 as recent as 2011, Olympus has always trailed behind their APS-C counterparts in both low ISO dynamic range and high ISO performance. There is no reasonable explanation for this since the m43/43 sensor is not that much smaller than the APS-C equivalent. It's comforting to find they have finally caught up with their competition and even surpassed Canon for low ISO dynamic range. If Canon continues to sit back and do nothing to their sensor design, they are majorly screwed. Shame on them.
I am not entirely convinced the whole sensor is from Panasonic. The likely scenario is Panasonic provides the sensor backbone while Olympus does some electronic tingling on their own, much akin to the Sony/Nikon partnership. In any case, this is a bravura performance!
Canon just reported a 30% increase in DSLR sales for the first quarter of this year. Unlike so many Japanese companies that are hemorrhaging money (e.g., Sony, Panasonic) Canon remains profitable.