2011-10-20, 03:06 PM
Not looking good for plasma technology...
EDIT: Here's another article http://www.reuters.com/article/2011/10/20/panasonic-idUSL3E7LK07T20111020
2011-10-20, 03:25 PM
Panel prices have dropped so much it's not surprising that some plants are being slowed or shut down. LCD and plasma based TVs and monitors are 1/10 the price they were a few years ago. Cutting production costs will be the key to surviving in the current panel market.
2011-10-20, 03:46 PM
Too bad you can't read the whole article
2011-10-20, 04:22 PM
Can the OP summarize the article? That link is useless unless you subscribe to the site...
I think I found an abbreviated version:
By JURO OSAWA And HIROYUKI KACHI
TOKYO—Panasonic Corp. is considering selling a factory in Japan that makes liquid-crystal-display-panels for televisions, and scaling down plasma television panel output at another Japanese plant, according to people familiar with the matter .
The possible moves come after the consumer electronics giant said in July it would take drastic action to turn around its loss-making TV business.
One person familiar with the matter said on Thursday that Panasonic is considering selling its LCD panel plant in Mobara, Chiba Prefecture, without specifying to whom the Japanese electronics giant may be selling the plant, or for how much.
The plant has the capacity to produce 600,000 32-inch panels a month.
Another person familiar with the matter said the company is considering scaling down the production of plasma display panels at a plant in Amagasaki, Hyogo Prefecture. The person declined to give further details.
A move by Panasonic to restructure its loss-making TV business would be an indication of the extremely harsh business climate facing the company and other Japanese electronics makers. Fierce price competition and the yen's relentless strength are making it difficult for Japanese firms to make money on TVs.
In late July, when Panasonic announced its earnings for the three months ended June, Chief Financial Officer Makoto Uenoyama said the company was planning "drastic measures" during the current fiscal year through March to address its struggling TV business.
Read more: http://online.wsj.com/article/SB10001424052970204485304576642051958914340.html#ixzz1bM6gWP QE
2011-10-20, 04:39 PM
I've added another article to the first post. Sorry you can't read the whole wsj article. The reuters one is pretty much sums it all.