Loading ...Japan’s Pioneer to stop making plasma panels, warns of FY loss
Posted on March 7th, 2008 by ElectroGeek
Japan’s Pioneer Corp said Friday it will stop making plasma panels amid intense competition and will instead outsource the production of plasma panels for its television sets.
The Japanese maker of car navigation systems and audio equipment said it will start buying plasma panels from Matsushita Electric Industrial Co Ltd (NYSE:MC) , the world’s largest consumer electronics maker, but did not provide details on the timing and volume of panels it will now outsource.
‘The move was regrettable but we had no choice but to do so for the sake of the company’s future,’ Pioneer president Tamihiko Sudo said at a press conference.
Full Story Via CNN
Filed under: Business and Finance, HDTV
