Panasonic Annual Loss Expected To Be $5.5 Billion, Their Worst In A Decade
(Reuters) - Japanese electronics maker Panasonic Corp forecast an annual net loss of 420 billion yen ($5.5 billion), its biggest in a decade, as restructuring costs ballooned, and a soaring yen and weak demand in the United States and Europe eroded income.
Panasonic accelerated the pace of restructuring as it races to shake off losses at its TV unit -- a problem it shares with rival Sony -- and strips out overlapping businesses after its buyout of subsidiary Sanyo.
In April, Panasonic said it would cut 17,000 jobs by March 2013, but the maker of Viera televisions and Lumix cameras announced on Monday it now expects to reach its goal of slimming its work force to 350,000 or fewer a year ahead of schedule.
Panasonic said it will stop liquid-crystal panel production at its Mobara plant near Tokyo and is canceling its plans to ship plasma-panel manufacturing equipment to Shanghai to start production there as it aims to turn a profit on TVs in its next fiscal year.
Joined: 15 Jun 2004 Posts: 46182 Location: Los Skandolous, California Country:
Posted: Wed Nov 02, 2011 12:42 am Post subject:
bmwracer wrote:
Sharp, LG, and Samsung, too... Actually, most of the top name brands.
Given the economic slump we are in...come Black Friday I anticipate some fantastic deals on flat panel displays. I'm already seeing some seriously great deals on LCD and LED TVs just browsing tech sites on the internet.
Sharp, LG, and Samsung, too... Actually, most of the top name brands.
Samsung & LG have better prices. I think that's why they became a 'top brand.' Few years ago you couldn't find those tv, now they're everywhere. I was at a furniture store the other day and all the tvs they had on display were Samsung.
Sharp, Samsung and other LCD makers agree to pay $388 million in price fixing case
The companies still aren't admitting to any wrongdoing, but Sharp, Samsung, Chimei Innolux, LG and four other LCD manufacturers have now reached a settlement in a price fixing case that began back in 2007 with a class action lawsuit. That suit specifically covers LCD panels sold between 1999 and 2006, which the companies are alleged to have driven the price up on, in turn driving up the prices on products that use them. The group has agreed to pay a total of $388 to settle the claims, with Sharp shelling out the largest single amount at $105 million -- Samsung is next at $82.7 million, followed by Taiwan's largest display-maker, Chimei Innolux, at $78 million, and LG at $70 million. As Bloomberg notes, this follows a criminal price fixing case a couple of years back, in which LG and Sharp were forced to pay $585 million in fines.
LG's 55-inch 'world's largest' OLED HDTV panel is official, coming to CES 2012
We only have a few more days left until the festivities truly kick off at CES 2012 in Las Vegas, but LG has already tipped its hand with a press release promising the "world's largest" OLED panel for the show. We've seen smaller screens from LG before and it had already promised a 55-inch OLED HDTV for mid-2012, so this news is just another sign the company is ready to take its technology mainstream. LG's tech uses white OLEDs overlaid with colors, which it claims makes for a lower error rate and clearer "ultra definition" screen, with more colors than standard LCDs. Check after the break for one more promo pic of LG's super skinny 5mm prototype, we'll get a better look at it (and the inevitable competition from Korean rival Samsung) at the company's booth January 9th.
Joined: 15 Jun 2004 Posts: 46182 Location: Los Skandolous, California Country:
Posted: Mon Dec 26, 2011 2:23 pm Post subject:
bmwracer wrote:
LG's 55-inch 'world's largest' OLED HDTV panel is official, coming to CES 2012
We only have a few more days left until the festivities truly kick off at CES 2012 in Las Vegas, but LG has already tipped its hand with a press release promising the "world's largest" OLED panel for the show. We've seen smaller screens from LG before and it had already promised a 55-inch OLED HDTV for mid-2012, so this news is just another sign the company is ready to take its technology mainstream. LG's tech uses white OLEDs overlaid with colors, which it claims makes for a lower error rate and clearer "ultra definition" screen, with more colors than standard LCDs. Check after the break for one more promo pic of LG's super skinny 5mm prototype, we'll get a better look at it (and the inevitable competition from Korean rival Samsung) at the company's booth January 9th.
Wow, it'll probably be worth two kidneys and an eyeball. Looks impressive.
LG unveils 84-inch 'ultra definition' 4K TV it's bringing to CES 2012
LG let us know at CES 2011 that it had 4K LCD televisions in the pipeline, but unfortunately they didn't make it out this year. Expect for that to change in 2012, as the company just announced it's bringing an 84-inch "ultra definition" (3840x2160) TV to Las Vegas to go along with its 55-inch OLED. It has all of LG's Cinema 3D and Smart TV features built-in, including support for that upgraded Magic Motion remote and voice control. There's no official word yet on when we'll see these on shelves or at what price, but it certainly looks production ready compared to other prototypes that have been displayed over the years. While we don't have easy sources of 4K-res video content yet, one of the reasons LG is making the jump first is for 3D. Its Cinema 3D tech uses a Film Pattern Retarder (FPR) screen and passive glasses that result in lowered resolution, but with those extra pixels there's no question about whether viewers are still getting at least an HD picture. So far 4K at home is the domain of Sony and JVC's high-priced projectors, but we'll see if any other companies (we'll check off Toshiba right now) show off upgrades in size and resolution of their HDTVs this year.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
FAQ
Search
Memberlist
Register
Log in
They could learn a thing or two from Vizio. 
