Sanyo Bails Out Of OLED Business
Feb 27, 2006, 5:44 PM by (staff)
Sanyo announced it will dissolve its OLED joint venture with Kodak. The two companies partnered to produce organic electroluminescent displays in 1999, but the venture was not successful for long. Sales for last financial year were near zero. Kodak will continue to manufacture and license the technology, which analysts predict could become successful with the right partners. Sanyo has aggressively been slimming down its operations, recently spinning off its CDMA handset business into a joint venture with Nokia as well. Sanyo is not the only Japanese giant dissolving OLED ventures, Pioneer also exited the market recently.
That's too bad...
This Bloomberg article has a good explanation of what's going on with Sanyo.