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Pioneers stock soars on plasmas

Matt Burns

When Pioneer wants to do something, they get it done. Last December the electronic giant had their first bad quarter in their Plasma division and went out to restructure it. They got rid of their OEM PDP business and started to re-focus their attention to the high-end market again. Whatever they did, worked nicely as they just reported a great quarter thanks to the sales of their plasma displays. The sales of these sets were up a whopping 20.4% which lead a 7.08 billion yen ($61.82 million) operating profit between April and June. It is honestly an amazing turn around if you consider the 8.93 billion yen loss in the same quarter last year. Nicely done Pioneer, nicely done.

Did anyone assist in this growth by purchasing a Pioneer set within the last year?

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