Kyodo News International, a Japanese news service, is reporting that Olympus will introduce a 16MP camera based on its classic OM series. The news would tie-in with a recent Olympus press advert in the UK that highlighted the letters 'O' and 'M' in the text. The report suggests such a camera would sell for over ¥100,000 (around $1300) and feature 'high-speed autofocus and image stabilization functionality.' Meanwhile, Japanese financial newspaper Nikkei is reporting that Sony is considering investing in Olympus and forming a business alliance. Fujifilm which, like Olympus, has extensive medical interests is also rumored to be interested.

Olympus' fondly-remembered OM-4 SLR

The company's share price has risen since Friday's announcement that the Tokyo Stock Exchange has taken it off its supervisory watchlist. The TSE fined the company ¥10m ($130,000) for violation of disclosure rules in such a way that it 'damaged shareholder and investor confidence' in the stock exchange. The company's share remain on the TSE 'alert' list.