Re: No more Pioneer TVs due to world economic crisis!
Our favorite plasma maker and TV tech innovator is exiting the TV business for good, says HD Guru.
We've known Pioneer's been having a hard time of things lately, especially when they confirmed they were leaving the plasma manufacturing business. They hitched their wagon to Panasonic, the leading plasma manufacturer, but apparently Panny just delayed the opening of a new factory, citing economic strains. So you can see how the #2 would get shoved aside, if all of Panasonic's capacity is tied up with its own product.
As for its DVD and Blu-ray group, the Nikkei says it plans to merge that with a division from Sharp as some sort of new business venture.
Gary Merson at HDGuru had been sniffing around this story, and today, Nikkei confirmed it with a report of its own. [HDGuru]
UPDATE: Here's Pioneer's official non-response to the news:
As a matter of policy, we cannot comment on rumors or speculation. As you know, we have publicly announced that we are actively evaluating our business. We started announcing changes in March, 2008 to increase efficiencies of our business operations. We are still in that process but do not have any further announcements at this time.
Lets hope they license their Kuro technology to someone if indeed they do exit the TV business.