Sanyo Bails Out Of OLED Business
That's too bad...
...I have high hopes for OLED after owning an LG vx6000. I liked the vivid colors and the ability to read the screen in bright sunlight. Hopefully this technology will spread.
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I wouldn't worry about OLED technology because of this news. I don't think Sanyo's departure reflects badly on it.
This Bloomberg article has a good explanation of what's going on with Sanyo.
http://www.bloomberg.com/apps/news?pid=10000101&sid= ... »
The key is at the end of the third paragraph...
Leaving the OLED business, as well as the new CDMA deal with Nokia, is just another part of Sanyo's turnaround plan.
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This Bloomberg article has a good explanation of what's going on with Sanyo.
http://www.bloomberg.com/apps/news?pid=10000101&sid= ... »
The key is at the end of the third paragraph...
Sanyo's business range from audio-visual products and home appliances to batteries is 'too diversified for its relatively weak capital base.'
Leaving the OLED business, as well as the new CDMA deal with Nokia, is just another part of Sanyo's turnaround plan.
Sanyo's Chairwoman Tomoyo Nonaka and President Toshimasa Iue in July announced a plan to reduce costs by eliminating 14,000 jobs over...
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draveed said:...
I wouldn't worry about OLED technology because of this news. I don't think Sanyo's departure reflects badly on it.
This Bloomberg article has a good explanation of what's going on with Sanyo.
http://www.bloomberg.com/apps/news?pid=10000101&sid= ... »
The key is at the end of the third paragraph...Sanyo's business range from audio-visual products and home appliances to batteries is 'too diversified for its relatively weak capital base.'
Leaving the OLED business, as well as the new CDMA deal with Nokia, is just another part of Sanyo's turnaround plan.Sanyo's Chairwoman Tomoyo Nonaka and President Toshimasa Iue in July announced a plan to reduce cost
(continues)
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