Originally Posted by Ken S
From The Wall Street Journal - February 13, 2009
Electronics Maker to Close Division, Shed Another 10,000 Jobs as It Grapples With a Sharp Decline in Sales
TOKYO -- Pioneer Corp. said it plans to exit its money-losing television business and cut thousands of jobs, the latest example of Japan's flagship electronics manufacturers trying to cope with stagnant consumer demand and the strong yen.
It's a shame that the 'Gold Standard' for flat panels is exiting the scene. It could also mean a marketing strategy by Pioneer to gracefully bow out of the plasma business and introduce LCD models sometime in the future.
That is such a shame but I think with OLED Plasma and LCD are doomed anyway I would have thought they would have been hanging in there a bit longer