Friday, August 26, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NHK Join Forces With Panasonic And Sony To Win The 8K TV Race
Intel Introduces New 3D NAND SSDs
Facebook To Use Personal Data From WhatsApp To Bring You Personalized Ads
Amazon Introduces Car Research Portal
Google Uses Artificial Intelligence To Compress Images
Researchers Make Wi-fi Networks Faster And Stronger
Apple Weighs iPhone Video Editing App
Mozilla is Fighting To Reform The EU Copyright Law
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Sanyo P...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, December 14, 2006
Sanyo Pulls Out of LCD Business


Struggling Sanyo Electric Co said Wednesday it will sell off all of its 45% stake in liquid crystal display maker Sanyo Epson Imagining Devices Corp to Seiko Epson Corp, a joint owner of the company.

The decision was made as Sanyo has been driven by necessity to focus on profitable businesses and withdraw from non-core operations. Sanyo expects to post a group net loss of 50 billion yen for the current business year to next March.

The agreement will lighten the burden for Sanyo, the consumer electronics giant that received a 300 billion yen ($2.57 billion) bailout from banks and is in the middle of a company-wide restructuring, while allow Seiko Epson to focus on reviving its struggling display business.

The sale will leave Sanyo, which has already withdrawn from the organic light-emitting diode business and makes no cathode ray tubes or plasma panels, with no display operations.

Seiko Epson Corp aims to quickly turn around the world's third-largest maker of small- and medium-sized LCDs used in cellphones and digital cameras.

Separately, Seiko Epson said on Tuesday the LCD joint venture was under investigation by fair trade authorities in Japan and the United States. The authorities are also looking into other panel makers for possible price fixing.


Previous
Next
Gartner: Vista to be Last Major Windows        All News        Yahoo and IBM to Offer Businesses Free Data Search Tool
Sharp Introduces First 32-Inch Full HD LCD TV     Consumer Electronics News      Asian Panel Makers Facing Investigation of Price Fixing

Get RSS feed Easy Print E-Mail this Message

Related News
Panasonic to Offload Sanyo's North America TV Business
SANYO Unveils Expansive 2014 Full-HD TV Lineup
Sanyo Settles LCD Patent Dispute With Sharp
Panasonic, Sanyo, LG Chem In US price-fixing Guilty Plea
Panasonic May Fully Absorb Sanyo Electric
Sanyo To Sell Its Digital Camera Business
Panasonic to Transfer Sanyo's "White Goods" Business To Haier Group
Sanyo Releases New Higher-Capacity eneloop Charger For Mobile Devices
Sanyo Introduces New ARM-based Audio Processing Solution For Portable Applications
Sanyo Files LCD Patent Infringement Lawsuit Against Sharp
ON Semiconductor Completes Acquisition of SANYO Semiconductor from SANYO Electric
Sanyo PLC-HF15000L Large Venue Projector Produces a Brightness of 15,000 ANSI Lumens With Greater Than Full HD 2K resolution

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .