Wednesday, April 16, 2008

JVC to Drop Out of Television Business?

Japan's Victor to reshape TV operations
By YURI KAGEYAMA 04.16.08, 4:40 AM ET


Victor Co. of Japan has decided to reshape its money-losing TV business, with details to be announced later this month, a company spokesman said Wednesday.

Victor spokesman Toshiya Ogata declined to comment on a report Wednesday in The Nikkei that said Victor will stop making and selling its flat-panel, liquid-crystal-display TVs in Japan. He acknowledged such steps are under consideration.