Pioneer stops production of plasma panels

"Pioneer have decided to kill production of their own plasma screens."

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Press Release
 
On Friday, Pioneer Corp. released a statement informing that they will stop making plasma display panels in an effort to turn around its money-losing business.
 
Pioneer plans to procure the panels, used in flat-panel TVs, from another company. It said it was in talks with Japanese rival Matsushita Electric Industrial Co., which makes Panasonic products, to purchase plasma display panels.

Pioneer used to be one of the leading developers of the technology but has fallen behind bigger companies like Matsushita and South Korea's Samsung Electronics Co. and LG Electronics Inc.

 

Pioneer said in there statement, "We have judged that maintaining the cost competitiveness of plasma display panels, or PDPs, at projected sales volumes will be difficult going forward,"

Pioneer is sinking into the red for the fiscal year ending March 31, racking up a 15 billion yen ($145.6 million) loss for charges for restructuring its PDP TV business. It had previously forecast a 6 billion yen ($58 million) profit.

The decision to pull out of plasma TV panel production will chalk up a one-time cost of 19 billion yen ($184.5 million). But Pioneer said it will return to profit for the fiscal year ending March 2010.

 

Read the full story here.

  

Do you think Pioneer will bounce back from these losses?  Discuss in our forum.

 

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Most Recent Comments

08-03-2008, 09:45:32

DTSBasketball
Wow only if I had that kind of money =)

08-03-2008, 11:52:29

prosser13

QFT. I can see why OCZ have been really apprehensive about releasing the unit. New chips are announced every couple of months, and with every one comes a different TDP.

No doubt that if OCZ were to mass produce them, it'd have to come with no warranty what-so-ever. Otherwise they'd prolly get over 80% returns and a lot of angry people blindly ranting about how "crap" the unit is.



Seeing as they've said it's going to be a one off run I'm guessing that won't be a problem :) Least we won't hear too much about them on UK forums! :D

08-03-2008, 16:53:35

Jim

Seeing as they've said it's going to be a one off run I'm guessing that won't be a problem :) Least we won't hear too much about them on UK forums! :D



Yeah. It'd be quite interesting to know what mods would be required to get one running on UK power. Obviously some kind of step-down transformer, but with the power it draws would it need something special..

26-03-2008, 09:55:24

Scarlet Infidel
Ive been waiting for the Cryo-Z for so long now. Good to see its finally getting somewhere. However, I'm really not ready for phase yet, just moving up from water to trying slightly chilled water.

Perhaps the thermaltake would be more suitable for coolign a graphics card? Even then it seems a bit weak.

26-03-2008, 14:56:53

Luigi
i would get it custom built if i was you, it will be much better?

26-03-2008, 15:58:42

Jim


Perhaps the thermaltake would be more suitable for coolign a graphics card? Even then it seems a bit weak.



I don't think that thermaltake thing would be capable of cooling my pants after seeing naked pics of tina o'brien.

26-03-2008, 16:07:48

Barry
Bahhha!

27-03-2008, 12:07:10

Luigi
loool... im not sure anyone offers that sort of cooling

27-03-2008, 12:08:32

Jim

loool... im not sure anyone offers that sort of cooling



That's quite true. Maybe its time someone invented LN2 filled pants :p

27-03-2008, 12:10:16

Luigi
Well my friend put deep freeze down there at school, its not to be done it seems from his reaction...
This conversation has gone a little of track
Reply
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