New Panasonic cameras coming in July

Panasonic plans to announce new digital cameras and high-definition video cameras at a July 17 event in New York, according to an invitation.

Panasonic's DMC-L1

(Credit: CNET Networks)

The company didn't share further details. But perhaps we'll see more about the new lower-end Panasonic digital SLR geared toward consumers.

Panasonic's current DMC-L1 is a midrange SLR (single-lens reflex) model with a midrange price, but the company could use something to go up against the models from Olympus, Canon, Pentax and Nikon that cost hundreds of dollars less.