As the flagging economy wreaks havoc on just about every mega-corp out there, the latest to publicly admit to being affected is Pioneer. After posting a
rather significant loss earlier this year, the company is now guiding to a wider-than-forecast net loss of ¥78 billion ($789.9 million) for the year to March 31, blaming the surging yen and the slowing
economy. The company is
scheduled to nix its unprofitable plasma-panel operations by February and slash 2,000 jobs this fiscal year in order to counter the bleeding, and it looks as if former president Tamihiko Sudo is one of the first bigwigs to fall. As of November 16th, Susumu Kotani (pictured right) will take over that role, though we can't imagine he's looking forward to grabbing the captain's chair in such a turbulent environment.
[Via
PC World, image courtesy of
DayLife]
posted Nov 3rd 2008 4:35PM
The only changes I see here are a new tie and a different wig.
extra button on the left...
Sweet upgrade.
Ah the only company in te clear is Nintendo. it is allways better to under produce a product, and sell to the highest bidder.
I look forward to your daily avatar changes.
@iEye
Will ya teach me the magic of changing avatars in Engadget..?
My avatars really? well I was thinking about going a bit risqué, you know, NSFW...
anybody else want to know the secret of changing avatars? If so, send $1 to Happydude. 742 Evergreen Terrace. Remember, happiness is only a dollar away!
you have the power!
the background banner says "Panasonic."
shouldn't this be the image for "panasonic loves sanyo?"
It says "Matsushita Electric" at least. The first two characters are probably the last two characters of Pioneer (ニア/"nia"). I think Pioneer and Panasonic have some production/business agreements so this photo probably comes from one of those press conferences.
Who cares? My Pioneer Elite receiver and 60" Pioneer Elite Kuro are coming Friday, and nothing can stop it! Hurrays!
Too bad the Kuro is FAIL...
http://www.engadget.com/2008/10/18/mitsubishis-65-inch-laservue-hdtv-undergoes-further-testing/
@ iEye
I hardly think that makes it a fail. I got a wicked price and the panel is just gorgeous. I'm pretty sure I'll be OK.
I just want to say, good luck, we're all counting on you.
I just want to tell you both good luck. We’re all counting on you ...
They look so happy...
So, it says Pioneer is to "nix" its plasma panel operations. Does that mean, no more name-branded Pioneer plasmas, or just that the whole TV will start to be made 3rd party and have a Pioneer name slapped on it?
King and Russ are right, it defiantly says Matsushita on the banner. This a photo taken when Panasonic and Pioneer made a plasma agreement: http://www.daylife.com/photo/018J3PsePj4z7