Around seven years after it was originally established,
Toshiba has decided it best to stop waiting for Panasonic's input on decisions regarding
Toshiba Matsushita Display Technology Company. If all goes to plan, Toshiba -- which currently owns a 60 percent stake in the
joint venture -- will buy out Panasonic's 40 percent stake on April 28th. For those unaware, the venture was responsible for developing, manufacturing and selling LCDs and OLEDs, most of which were classified as "small to medium-sized." After the share transfer is finalized, TMD will change its name to Toshiba Mobile Display Company, and according to the jointly-issued release, it'll allow Tosh to "further accelerate decision-making and promote comprehensive restructuring of TMD's business." The consumer takeaway here? "
Looking to the future, TMD aims to establish OLEDs as an engine for growth and to enhance its display business in the medium- to long-term." Boom.
[Via
Wall Street Journal]
posted April 1st 2009 6:34PM
I'm rooting for Toshiba to lead the way in mass producing OLED televisions. The first company to come out with OLED's in the 32" to 52" size at a fair price should expect a lot of business. I know a lot of people waiting for this next big thing to arrive at non-astronomical prices. First however, we need them to reach the market, even if it costs $10,000 for a 40 inch.
Typing from a Toshiba laptop right now, I would like to see Toshiba succeed in more of the things it decides to try.
I would like to buy some joint shares. Legalize it, Don't criticize it!
Now if only research could catch up to this new decision making power.
go toshiba.
impress us all.
or not.
If Toshiba's current LCD's are any sign of their future OLED TV's then I think I'll go ahead and wait for Samsung's models. :\