Sale of Polaroid will continue, company executives will not be questioned
The sale of Polaroid Corp. will proceed as scheduled next week after U.S. Bankruptcy Judge Gregory Kishel ruled it too late for the company's creditors to question company executives about the pending transaction and other financial matters, reports the Star Tribune.
Subpoenas were recently issued for the depositions of Polaroid CEO Mary Jeffries and former corporate counsel David Baer. The subpoenas were denied after Kishel approved an objection by Polaroid's attorneys, noting that lenders Acorn Capital Group and Ritchie Capital Management have had more than two months to initiate discovery proceedings, says the article.
Polaroid is part of the corporate estate of businessman Tom Petters. The company was placed in Chapter 11 bankruptcy along with other Petters business entities after he was charged in federal court with running a Ponzi scheme, says the article. Petters is fighting the charges.
Phase One becomes major shareholder in Mamiya Digital Imaging
Phase One A/S, Copenhagen, Denmark,is making a financial investment in Tokyo, Japan-based Mamiya Digital Imaging Ltd., becoming a major shareholder in the company behind the Mamiya brand of medium format camerase. Terms of the agreement are not being disclosed.
Phase One's investment is intended to accelerate the development of medium format camera systems. Phase One will take on leadership for the companies' R & D, marketing and distribution management. Future digital backs based on Phase One digital work will be marketed under both the Phase One and Mamiya brands. Phase One is a provider of digital image capture and work flow management technology. Mamiya is a provider of medium format camera systems.
Pro camcorder market experienced growth, focus on HD functionality in 2008
The professional camcorder market experienced growth in 2008 above the previous year's performance by nearly three to one, according to a recent Pro Camcorder Quarterly Market Update from Futuresource Consulting, Bedfordshire, United Kingdom.
Non-tape professional camcorders developed in 2008 were a driver for last year's growth, says Futuresource. The success of several entry-level products contributed to professional camcorder sector growth in 2008, as well as the falling price of broadcast quality hardware. HD functionality dominates the market, with more than 75 percent of professional camcorders shipped in 2008 capable of shooting in HDV or better, according to the update.
HD and non-tape segments will continue to fuel the market. Projections for this year show investments will slow across all four quarters, but unit shipments for 2009 are on track to exceed those of 2007.
Canon announces new senior managing director, executive officer
Canon U.S.A. Inc., Lake Success, N.Y., announces Joe Adachi, president and chief executive officer, was promoted to senior managing director. Seymour Liebman, executive vice president, chief administrative officer and general counsel for Canon U.S.A., was appointed an executive officer of Canon Inc. by the company's shareholders and board of directors. Both executives will continue their posts at Canon U.S.A., in addition to their expanded roles with Canon Inc.
Adachi joined Canon in 1970, working at Canon U.S.A. from 1978 through 1992. In 1998, Adachi was named president of Canon Canada, where he led the company through the transition from analog to digital products. Adachi was appointed president and CEO of Canon Chinain 2001 and rejoined Canon U.S.A. in 2005 as president and CEO.
Liebman joined Canon U.S.A. more than 35 years ago as a manager in the accounting division. Liebman has helped the company transform from a provider of consumer and business analog products to a leader in digital imaging solutions for consumer, businesses and industrial markets, such as medical imaging, broadcast and video, says Canon. Liebman is the first non-Japanese Canon executive honored with this appointment. In his current position, Liebman is responsible for legal affairs and corporate administration functions for Canon Americas.
Events
The International Photographic Council announces award luncheon
The International Photographic Council, (IPC), New York, N.Y., announces the 11th Annual Awards Luncheon, May 7, 12:30 p.m. at The United Nations, New York, N.Y. The awards luncheon, created to celebrate International Professional Photographers month, will feature keynote speaker Tony Cilento Jr., senior vice president, photographic development, Lifetouch Inc.
The luncheon RSVP deadline is April 27, and cost is $100 per person. Checks may be made payable to IPC, and seats are limited. Attendees may send checks with enclosed RSVP card to: James Chung, 1116 Warburton Avenue, #4Q, Greystone, NY 10701, 914-476-1712.
Imaging News
Blurb names jurors for international Photography.Book.Now competition
Blurb, San Francisco, Calif., creator of thePhotography.Book.NowInternational Juried Competition announces a panel of jurors for the competition. Lead Judge Darius Himes, co-founder of Radius Books, will chair the panel for the second year. Himes picked a group of international photographers, photography editors, directors, and gallery curators to select the winning photography books in three categories -- fine art, editorial, and commercial -- and one $25,000 grand prize winner.
Submissions to the competition will be accepted through July 16, 12:00 p.m. PDT. The Photography.Book.Now International Juried Competition is presented by Blurb, a creative publishing and marketing platform that enables anyone to design, publish, share and sell bookstore-quality books. Photography.Book.Now is an international juried self-published book competition, and a celebration of the finest photography books and the people behind them.
Retail Markets
Matrix Impact features free webinar on sales time management
Matrix Impact, Westlake, Ohio, announce a free webinar, "Sales Time Management: What you need to do everyday to increase your sales," on April 7, 1:45 PM - 2:45 p.m. EDT. The webinar will help attendees prioritize actions to make the most of a selling day. It will also highlight four activities that will destry a sales day, and how to live by and apply sales time management rules.
Matrix will be raffling off "Failing Forward" by John Maxwell for those who register before April 3. There will be prizes awarded during the webinar for Best Question by an Attendee
and Most Participative Attendee. Registration is available online.