According to Reuters, JVC will stop domestic camcorder production (EVERIO) and downsize an LCD television factory in Thailand under a restructuring plan to be announced Friday, …  more info as we get it.

UPDATE

Local distributor, Hagemeyer, via Brand Manager Susan Rogic has elected not to comment directly on the subject. Ms Rogic told AusCam Online this was based on the fact it "has no direct information on this. The Yokosuka factory was relevant for the Japanese domestic market, so we cannot comment on behalf of other companies - you'll have to contact J&K Holdings directly on this matter if you require information"

FINAL CLARIFICATION

We have been alerted by Hagemeyer Australia to a fact of this story that was not evident by the information we initially received. The story relates only to manufacture of camcorders for the Japanese domestic market and manufacturing has been resumed at a new factory. Australian stocks it appeared were not in doubt.

By David Hague

David is the owner and publisher of AusCam Online. He has a background in media dating back to 1979 when he first got involved with photojournalism in motorsport, and went from there into technology via a 5 year stint with Tandy Computers. Following that, he ran a software distribution company on the Gold Coast and was one of the first to recognise the potential of Microsoft Windows.

Moving back to WA, David wrote scripts for Computer Television for video training for the just released Windows and Office 95 among others, and was then lured to Sydney to create web sites for the newly commercial Internet in 1995, building hundreds of sites under contract to OzEmail including Coates Hire, Hertz Queensland, John Williamson, the NSW Board of Studies and many, many more.

He went back into full time journalism as the Managing Editor for Channel 7's 'Gadget Guy', Peter Blasina's publications VideoCamera and Pixelmag, before starting Australasian Camcorder magazine when these publications were shelved. He lives at Sydney's Avalon Beaches nearly on the ocean front with dog Budweiser and in his spare time is a nut for motor sport, road safety, fishing, science fiction - especially Dr Who - and technology.

David can be contacted via david@auscamonline.com