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Mitsubishi reshuffles units, continues plans for extra large TVs only
Following its plan to trim TV operations, Mitsubishi Electric Corporation has formed a new unit, Mitsubishi Electric Visual Solutions America, Inc. that will acquire parts of the old MDEA business and focus on professional visual systems as well as DLP and LaserVue TVs for consumers. The new company is official June 1st and will still focus exclusively on displays at 73-inches and up, so this is truly good bye to the flat panel sub65-inch products of yesterday. We'll have to wait and see how the "big year" plan turns out, more details of the reorganization are in the press release after the break.
