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Wednesday November 1, 8:47 AMREFILE-UPDATE 1-Olympus won't outsource software to IBM(Adds Olympus response)TOKYO, Nov 1 (Reuters) - Japan's Olympus Corp. said on Wednesday it did not plan to outsource development of software used in its digital cameras and endoscopes to IBM , denying some details in a report by the Nihon Keizai business daily. IBM will instead help Olympus develop new software and cut costs at Olympus's in-house unit, an Olympus spokesman said. The Japanese subsidiary of International Business Machines Corp. will buy a 10 percent stake in the Olympus software unit, which has a capitalisation of about 100 million yen ($850,000), and send a few engineers, the spokesman said. The Nikkei said Olympus would outsource all of its software development to IBM Japan in a deal worth about 4 billion yen, aiming to cut such costs by half. |
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