Panasonic and Hitachi in rumored multi-billion dollar LCD panel deals

Here's a rumor which no doubt has Sony, Samsung, and Sharp in a tizzy: Matsushita (Panasonic) and Hitachi are said to be talking specifics about multi-billion dollar panel deals. If things work out, plasma-happy Panny would get a quick foothold in the burgeoning large-panel (greater than 40-inches) LCD market while Hitachi makes a quick get away from its loss making business. Canon is also looking to invest in Hitachi to get their hands on Hitachi's smaller LCD and OLED panels. Matsushita, Hitachi and Canon all issued statements saying that nothing has yet been decided -- a far cry from denial.